Keller Group PLC Director/PDMR Shareholding

 
TIDMKLR 
 
Keller Group plc (the "Company") 
 
   Notification and public disclosure of transactions by Persons Discharging 
                     Managerial Responsibilities ("PDMRs") 
 
       Awards made under the Company's Long-Term Incentive Plan ("LTIP") 
 
On 15 March 2022 the Company granted: 
 
  * Deferred bonus share awards totalling 61,840 ordinary shares of 10p each in 
    the Company ("Ordinary Shares"); and 
  * Performance share awards totalling 394,163 Ordinary Shares 
 
The grant to the PDMRs listed in the tables below was approved by the 
Remuneration Committee under the terms of the LTIP and the Company was notified 
by the PDMRs on 17 March 2022. The transactions took place in the United 
Kingdom. 
 
Deferred Bonus Share Award - in respect of the year ended 31 December 2021 
 
Executive Directors are subject to a deferral of 25% of any annual bonus 
payment into Ordinary Shares for a period of two years. The deferred bonus 
share award retains eligibility for dividend equivalents from the date of grant 
until the vesting date. Malus and clawback apply. 
 
      Name                      Position                 No. of      Total 
                                                        Ordinary    Deferred 
                                                        Shares    Bonus Awards 
                                                       awarded1/3 outstanding3 
 
 
Michael Speakman  Chief Executive Officer                24,684      48,214 
 
David Burke       Chief Financial Officer                16,206      19,728 
 
Other PDMRs are subject to a deferral into Ordinary Shares of any annual bonus 
payment in excess of 100% of salary. The deferral is also for a period of two 
years, with the deferred bonus share award retaining eligibility for dividend 
equivalents from the date of grant until the vesting date. Malus and clawback 
apply. 
 
      Name                      Position                 No. of      Total 
                                                        Ordinary    Deferred 
                                                        Shares    Bonus Awards 
                                                       awarded1/3 outstanding3 
 
 
Jim De Waele      President, Europe                      1,921       1,921 
 
Eric Drooff       President, North America               5,647       9,365 
 
Venu Raju         Engineering and Operations Director    13,382      27,440 
 
Performance Share Award - for the period 2022/24 
 
      Name                      Position                 No. of       Total 
                                                        Ordinary   Performance 
                                                         Shares    Share Awards 
                                                        awarded 1  outstanding3 
                                                          /2/3 
 
Michael Speakman  Chief Executive Officer               112,990      325,361 
 
David Burke       Chief Financial Officer                61,820      118,093 
 
Graeme Cook       Group People Director                  26,111       74,156 
 
Jim De Waele      President, Europe                      29,674       78,707 
 
Eric Drooff       President, North America               35,669      105,407 
 
Kerry Porritt     Group Company Secretary and Legal      22,760       63,651 
                  Advisor 
 
John Raine        Group HSEQ Director                    21,623       63,694 
 
Venu Raju         Engineering and Operations Director    29,535      102,016 
 
Katrina Roche     Chief Information Officer              24,234       46,293 
 
Peter Wyton       President, AMEA                        29,747      84,8774 
 
The measures selected by the Remuneration Committee together with the 
associated targets are shown on the table below. The weightings are all set at 
25% in order to provide balance between measures and materiality to each of 
them individually. 
 
Measure                   Weighting         Vesting Schedule 
 
                                       % of award that will vest 
 
                                        0%        25%       100% 
 
Operating Profit Margin      25%    Below 5.5%    5.5%      6.5% 
 
Cumulative EPS               25%    Below 330p    330p      400p 
 
ROCE                         25%     Below 12%    12%        18% 
 
Relative TSR                 25%       Below     Median     Upper 
                                      median              quartile 
 
The Performance Share Award performance conditions are measured over a three 
year period ending on 31 December 2024, except for the Operating Profit Margin 
which is measured in year three. The Performance Share Award performance 
conditions are expected to vest in March 2025. Executive Directors are subject 
to a further two year holding period. Malus and clawback apply. 
 
Enquiries: 
 
Keller Group plc 
Silvana Glibota-Vigo, Group Head of Secretariat 
Tel: 020 7616 7575 
 
1 The price used to calculate the maximum number of Ordinary Shares under the 
Deferred Bonus Share Award and Performance Share Award was 781p, being the 
average closing price on 9, 10 and 11 March 2022 of the Company's shares on the 
main market of the London Stock Exchange. 
 
2 The amounts shown above represent the maximum possible number of Ordinary 
Shares that may be granted to the above named participants under the 2022 
Performance Share Award. 
 
3 The awards above exclude notional dividends. 
 
4 55,130 of these Performance Share Awards are rights to receive cash linked to 
share value and will, to the extent vested following the end of the performance 
period, be settled in cash. 
 
LEI number:              549300QO4MBL43UHSN10 
Classification:           2.2 Inside information 
 
 
 
END
(END) Dow Jones Newswires
March 17, 2022 09:59 ET (13:59 GMT)
Keller (LSE:KLR)
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