Business Context and Reporting Period
Haleon plc filed Form 6-K for March 2024 on March 5, 2024. The filing reports notifications of transactions by persons discharging managerial responsibilities under the UK Market Abuse Regulation. The disclosed transactions occurred on March 1, 2024 and relate to vesting of awards granted under the Haleon Share Value Plan and Performance Share Plan.
Key Financial and Transaction Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial performance metrics.
| PDMR | Instrument | Vested at nil price | Sold to cover taxes | Sale price |
|---|---|---|---|---|
| Brian McNamara, CEO | ADSs | 357,197.58 PSP ADSs | 168,135.07 ADSs | $8.4259 |
| Tobias Hestler, CFO | Ordinary shares | 50,011.04 PSP shares | 23,564.10 shares | £3.293126 |
| Filippo Lanzi, President EMEA and LATAM | Ordinary shares | 19,398.81 PSP and 24,228.00 SVP shares | 8,760.12 PSP and 10,940.89 SVP shares | £3.293126 |
| Keith Choy, President Asia Pacific | Ordinary shares | 19,398.81 PSP and 18,632.00 SVP shares | Not disclosed | Not disclosed |
| Tamara Rogers, CMO | Ordinary shares | 26,600.04 PSP and 25,545.00 SVP shares | 12,545.93 PSP and 12,048.32 SVP shares | £3.293126 |
| Franck Riot, Chief R&D Officer | Ordinary shares | 19,398.81 PSP and 18,632.00 SVP shares | 9,149.46 PSP and 8,787.80 SVP shares | £3.293126 |
| Bjarne Tellmann, General Counsel | ADSs | 65,544.73 PSP and 25,596.00 SVP ADSs | 30,883.23 PSP and 12,060.27 SVP ADSs | $8.4259 |
| Lisa Paley, President North America | ADSs | 11,056.63 PSP and 13,844.00 SVP ADSs | 5,532.20 PSP and 6,926.86 SVP ADSs | $8.4259 |
Material Changes Versus the Prior Comparable Period
This filing does not report comparative operating or financial results. It discloses the vesting and related tax-withholding sales of awards originally granted in October 2022 under the SVP and March 2023 under the PSP.
Guidance, Outlook, Risks, and Unusual Items
- PSP awards were subject to continued employment and performance conditions for the period ended December 31, 2023. Performance targets and achievement levels were to be disclosed in Haleon's 2023 Annual Report.
- SVP refill awards were subject to continued employment.
- The awards remain subject to malus and clawback provisions.
- Sales were made to meet tax liabilities arising from award vesting; the filing does not characterize them as discretionary investment sales.
- No management guidance, outlook, contingencies, litigation matters, or other unusual operating items are disclosed.
Important Facts for Investors to Verify
- Confirm the performance targets and achievement levels for the PSP awards in Haleon's 2023 Annual Report.
- Verify the final vested and retained share or ADS balances for each PDMR after tax-withholding sales.
- Review the applicable malus and clawback terms and any subsequent amendments or recovery actions.
- Do not use this Form 6-K as a source for Haleon's operating performance, liquidity, leverage, or financial guidance; those items are not provided in the filing text.