Source - LSE Regulatory
RNS Number : 8731N
Sainsbury(J) PLC
06 June 2022
 

 

6 June 2022

 

J Sainsbury plc

(the 'Company')

 

Directors/PDMRs Shareholding

 

On 1 June 2022, the following Directors and Persons Discharging Managerial Responsibility ('PDMRs') were granted awards under the J Sainsbury plc Long Term Incentive Plan 2016 ('LTIP'). The awards were granted as nil-cost options over ordinary shares of 284/7 pence each in the Company ('Shares') as set out below:

 

Leaders' Share Award ('LSAs')

 

PDMRs

Core Award

Number of Shares

Maximum Award Number of Shares

Simon Roberts (Director)

245,773

983,092

Kevin O'Byrne (Director)

166,188

664,752

Rhian Bartlett

107,468

429,872

Graham Biggart

97,698

390,792

Jim Brown

28,864

115,456

Tim Fallowfield

75,838

303,352

Mark Given

101,118

404,472

Philip Jordan

126,397

505,588

Clodagh Moriarty

107,468

429,872

Paula Nickolds

101,118

404,472

Angie Risley

90,473

361,892

 

(1)  The LSAs are subject to performance conditions measured over three financial years. The LSAs will normally vest after three years, subject to the achievement of the performance conditions.

(2)  The LSAs for Simon Roberts and Kevin O'Byrne will be subject to an additional retention period, meaning that any vested LSAs will be released five years after the date of grant.

(3)  Should maximum vesting be achieved, participants would receive four times the number of Shares of their core award.

(4)  Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.

(5)  The share price to determine the number of Shares awarded was based on the five dealing day average Share price prior to the grant date.

(6)  For CRDV banking regulatory purposes, the number of shares awarded to Jim Brown will not be increased to reflect any dividends accrued during the award's vesting period. However, a one time fair value adjustment to his award was made at the point of grant based on a forecasted dividend yield over the vesting period to reflect the absence of dividend equivalents accrued during the vesting period.

 

The PDMRs were also granted Shares under the LTIP as set out below:

 

Bonus Share Awards ('BSAs')

 

PDMRs

Number of Shares

Simon Roberts (Director)

363,601

Kevin O'Byrne (Director)

223,511

Rhian Bartlett

153,334

Graham Biggart

63,465

Jim Brown

184,741

Tim Fallowfield

112,353

Mark Given

147,438

Philip Jordan

188,884

Clodagh Moriarty

158,442

Paula Nickolds

109,060

Angie Risley

135,200

 

(1)  The BSAs were granted based on performance during the 2021/22 financial year.

(2)  The BSAs will vest following a two-year retention period, except for Jim Brown's award, which will vest after a three-year retention period.

(3)  Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.

(4)  The share price to determine the number of Shares awarded was based on the five dealing days average Share price prior to the grant date.

(5)  For CRDV banking regulatory purposes, the number of shares awarded to Jim Brown will not be increased to reflect any dividends accrued during the award's retention period. However, a one time fair value adjustment to his award was made at the point of grant based on a forecasted dividend yield over the retention period to reflect the absence of dividend equivalents accrued during the retention period.

 

 

The Notification of Dealing Forms for each PDMR can be found below.

 

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

 

For further information please contact:

 

Enquiries 

 

Investor Relations: James Collins +44 (0) 20 7695 0080 

 

Media: Rebecca Reilly +44 (0) 20 7695 7295 

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Simon Roberts

2

Reason for the notification

 

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

983,092

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

363,601

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Kevin O'Byrne

2

Reason for the notification

 

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

664,752

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

223,511

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Rhian Bartlett

2

Reason for the notification

 

a)

Position/status

Food Commercial Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

429,872

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

153,334

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Graham Biggart

2

Reason for the notification

 

a)

Position/status

Chief Transformation Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

390,792

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

63,465

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Jim Brown

2

Reason for the notification

 

a)

Position/status

Chief Executive Officer, Sainsbury's Bank

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

115,456

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

184,741

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Tim Fallowfield

2

Reason for the notification

 

a)

Position/status

Company Secretary and Corporate Services Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

303,352

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

112,353

 

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Mark Given

2

Reason for the notification

 

a)

Position/status

Chief Marketing Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

404,472

 

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

147,438

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Phil Jordan

2

Reason for the notification

 

a)

Position/status

Chief Information Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

505,588

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

188,884

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Clodagh Moriarty

2

Reason for the notification

 

a)

Position/status

Retail and Digital Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

429,872

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

158,442

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Paula Nickolds

2

Reason for the notification

 

a)

Position/status

General Merchandise & Clothing Commercial Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

404,472

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

109,060

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Angie Risley

2

Reason for the notification

 

a)

Position/status

Group HR Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

J Sainsbury plc

 

b)

LEI

213800VGZAAJIKJ9Y484

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

Transaction 1

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

361,892

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

Transaction 2

a)

Description of the financial instrument, type of instrument

Ordinary shares of 284/7 pence each

 

 

Identification code

ISIN: GB00B019KW72

b)

Nature of the transaction

Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

135,200

d)

Aggregated information

 

Aggregated price

Aggregated volume

N/A

N/A

e)

Date of the transaction

1 June 2022

 

f)

Place of the transaction

Outside a trading venue

 

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END
 
 
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