Pearson PLC Files Director/PDMR Shareholding Report

TL;DR

Pearson PLC insiders are reporting their stock moves, standard procedure.

AI Summary

Pearson plc filed a Form 6-K on May 3, 2024, reporting shareholdings of Directors or PDMRs (Persons Discharging Managerial Responsibility). The filing details changes in these holdings, which are standard disclosures for publicly traded companies.

Why It Matters

This filing provides transparency into the stock ownership of key company insiders, which can be an indicator of their confidence in the company's future performance.

Risk Assessment

Risk Level: low — This is a routine disclosure of insider shareholdings and does not indicate any new material events or risks for the company.

Key Players & Entities

• PEARSON plc (company) — Registrant
• 80 Strand London, England WC2R 0RL (location) — Principal executive office address

FAQ

Filing Documents

• a2460n.htm (6-K) — 65KB
• 0001654954-24-005519.txt ( ) — 66KB

From the Filing

SHAREHOLDING a2460n UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 6-K     REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934     For the month of May 2024     PEARSON plc (Exact name of registrant as specified in its charter)   N/A   (Translation of registrant's name into English)   80 Strand London, England WC2R 0RL 44-20-7010-2000 (Address of principal executive office)     Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F:       Form 20-F X                                                Form 40-F       Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934       Yes                                              No X     Pearson plc - (the "Company")   Notification of Directors' Interests     2024 Long-Term Incentive Plan (LTIP) Awards   On 1 May 2024, the Company made a grant of performance-related restricted shares under the 2024 LTIP, including to the Chief Executive and Chief Financial Officer, under the 2020 LTIP rules. This represents the company's annual grant of long-term incentives for 2024. The award will vest on 1 May 2027 subject to the performance conditions and targets as set out in the 2023 annual report. Any shares which vest on 1 May 2027 will be subject to an additional two-year holding period to 1 May 2029. The award also attracts dividend equivalent awards.    The award is consistent with the remuneration policy approved by shareholders at the 2023 Annual General Meeting and was made on the following basis:   Name   Title Restricted shares awarded % of Salary Share price used to calculate award Omar Abbosh   Chief Executive 455,614 450% £9.8768 Sally Johnson   Chief Financial Officer 174,348 300% £9.8768   The number of shares awarded to Omar Abbosh and Sally Johnson was determined using the average mid-market closing share price of the Company's ordinary shares as traded on the London Stock Exchange for the five trading days up to and including 30 April 2024, which is the share price used to determine award values for LTIP awards to the wider employee population (excluding those based in the US).   The Committee reserves the right to adjust payouts up or down before they are released if it believes that the vesting outcome does not reflect underlying financial or non-financial performance or if such other exceptional factors warrant doing so. In making such adjustments, the Committee is guided by the principle of aligning shareholder and management interests.   The notification below is made in accordance with the requirements of the UK Market Abuse Regulation.     Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them   1 Details of the person discharging managerial responsibilities/person closely associated   a) Name   Omar Abbosh 2 Reason for the notification   a) Position/status   Chief Executive b) Initial notification /Amendment   Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a) Name   Pearson plc b) LEI   2138004JBXWWJKIURC57 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   a) Description of the financial instrument, type of instrument   Identification code Ordinary shares of   25 pence each in Pearson plc     ISIN: GB0006776081   b) Nature of the transaction   Award of performance-related restricted shares under the Long-Term Incentive Plan c) Price(s) and volume(s) Price(s)   Volume(s) n/a   455,614 d) Aggreg

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View this 6-K filing on SEC EDGAR