7 March 2025
RECKITT BENCKISER GROUP
PLC
DIRECTOR/PDMR
SHAREHOLDINGS
Reckitt Benckiser Group plc
(the "Company") announces the following changes in the interests of
Directors and Persons Discharging Managerial Responsibility
("PDMR") in ordinary shares of 10 pence each in the share
capital of the Company ("Shares").
2015 Long Term Incentive Plan
("LTIP")
Grant of Performance Share Options and Performance Share
Awards
On 6 March 2025, the grant of
performance share options and performance share awards ("2025 LTIP
awards") were made under the LTIP to the Directors and PDMRs listed
below:
|
Name
|
Director/PDMR
|
Number of performance share options
|
Number of performance shares
|
|
Kris Licht*
|
Director
|
175,000
|
87,500
|
|
Shannon Eisenhardt*
|
Director
|
85,000
|
42,500
|
|
Susan Sholtis
|
PDMR
|
60,000
|
30,000
|
The number of performance share
options and performance share awards shown is the maximum available
if the stretching performance conditions for the three-year
performance period ending on 31 December 2027 are satisfied in
full.
The targets that will apply to the
2025 LTIP awards for the 2025-2027 performance period are set out
below.
|
Performance Measure
|
Weighting
|
Threshold
(20%
vesting)
|
Maximum
(100%
vesting)
|
|
LFL
Net Revenue growth (3-year CAGR)
|
40%
|
2.50%
|
5.50%
|
|
ROCE (final year) on a constant foreign exchange
basis
|
25%
|
17.50%
|
19.50%
|
|
Relative TSR
|
25%
|
Median
|
Upper
Quartile
|
|
Sustainability: % Net Revenue from more sustainable products
(final year)
|
10%
|
43.00%
|
46.00%
|
Vesting between achievement of
threshold and maximum performance is on a straight-line basis. In
addition to the above performance conditions, before determining
the final vesting level, the Remuneration Committee will continue
to take a broader assessment of performance in the round and has an
overriding discretion to adjust vesting outcomes where, acting
fairly and reasonably, it considers the formulaic outcome to be
inappropriate.
*There is a further two-year holding
period commencing after the end of the performance
period.
Performance share options will be
exercisable at £52.48 per share. No consideration
was paid for the grant of these awards.
Grant of Conditional Share
Awards
On 6 March 2025, the grant of
conditional share awards was made under the LTIP to the PDMR listed
below:
|
Name
|
Director/PDMR
|
Number of Conditional Share Awards
|
|
Susan Sholtis
|
PDMR
|
6,500
|
Awards are based on continued
employment only and will vest in March 2028.
No consideration was paid for the
grant of these awards.
The following notifications are made
in accordance with DTR 3.1.2-A, incorporating article 19(1) of the
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
|
Kris
Licht
|
|
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
|
Reckitt Benckiser Group
plc
|
|
b)
|
LEI
|
5493003JFSMOJG48V108
|
|
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 10p each in
Reckitt Benckiser Group plc
GB00B24CGK77
|
|
b)
|
Nature of the transaction
|
Grant of share options for nil
consideration under the Reckitt Benckiser Group plc 2015 Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
175,000
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date
of the transaction
|
2025-03-06
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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 10p each in
Reckitt Benckiser Group plc
GB00B24CGK77
|
|
b)
|
Nature of the transaction
|
Grant of performance shares for nil
consideration under the Reckitt Benckiser Group plc 2015 Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
87,500
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date
of the transaction
|
2025-03-06
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Shannon Eisenhardt
|
|
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
|
Reckitt Benckiser Group
plc
|
|
b)
|
LEI
|
5493003JFSMOJG48V108
|
|
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 10p each in
Reckitt Benckiser Group plc
GB00B24CGK77
|
|
b)
|
Nature of the transaction
|
Grant of share options for nil
consideration under the Reckitt Benckiser Group plc 2015 Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
85,000
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date
of the transaction
|
2025-03-06
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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 10p each in
Reckitt Benckiser Group plc
GB00B24CGK77
|
|
b)
|
Nature of the transaction
|
Grant of performance shares for nil
consideration under the Reckitt Benckiser Group plc 2015 Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
42,500
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date
of the transaction
|
2025-03-06
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Susan Sholtis
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
President Nutrition
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Reckitt Benckiser Group
plc
|
|
b)
|
LEI
|
5493003JFSMOJG48V108
|
|
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 10p each in
Reckitt Benckiser Group plc
GB00B24CGK77
|
|
b)
|
Nature of the transaction
|
Grant of share options for nil
consideration under the Reckitt Benckiser Group plc 2015 Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
60,000
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date
of the transaction
|
2025-03-06
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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 10p each in
Reckitt Benckiser Group plc
GB00B24CGK77
|
|
b)
|
Nature of the transaction
|
Grant of performance shares for nil
consideration under the Reckitt Benckiser Group plc 2015 Long-Term
Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
30,000
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date
of the transaction
|
2025-03-06
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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 10p each in
Reckitt Benckiser Group plc
GB00B24CGK77
|
|
b)
|
Nature of the transaction
|
Grant of conditional share awards for
nil consideration under the Reckitt Benckiser Group plc 2015
Long-Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
6,500
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date
of the transaction
|
2025-03-06
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Contact Details:
Catheryn O'Rourke
+44 (0) 1753 217 800
General Counsel & Company
Secretary
Nick
Ashworth
+44 (0) 7408 812350
Investor Relations
About Reckitt:
Reckitt* exists to protect, heal and
nurture in the relentless pursuit of a cleaner, healthier world. We
believe that access to the highest-quality hygiene, wellness and
nourishment is a right, not a privilege.
Reckitt is the company behind some of
the world's most recognisable and trusted consumer brands in
hygiene, health and nutrition, including Air Wick, Calgon, Cillit
Bang, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol,
Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet,
Woolite and more.
Every day, more than 30 million
Reckitt products are bought globally. We always put consumers and
people first, seek out new opportunities, strive for excellence in
all that we do and build shared success with all our partners. We
aim to do the right thing, always.
We are a diverse global team of c.
40,000 colleagues. We draw on our collective energy to meet our
ambitions of purpose-led brands, a healthier planet and a fairer
society. Find out more, or get in touch with us
at www.reckitt.com
* Reckitt is the trading name of the Reckitt
Benckiser group of companies
