Business Context and Reporting Period
This Form 6-K filing by Lloyds Banking Group Plc, dated January 2, 2026, reports on the status of various employee share incentive schemes. The reporting period covers the six months from July 1, 2025, to December 31, 2025. The document serves as a regulatory update regarding blocklisting interim reviews and the movement of unallotted securities under specific UK Listing Rules.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. Instead, it details the movement of share reserves for five distinct employee share plans:
- Lloyds Banking Group Sharesave Scheme (2017): Ending balance of 164,546,685 unallotted securities.
- Lloyds Banking Group Share Incentive Plan: Ending balance of 57,145,780 unallotted securities.
- Executive Group Ownership Share Plan: Ending balance of 9,656,123 unallotted securities.
- Lloyds Banking Group plc Deferred Bonus Plan (2021): Ending balance of 70,000,000 unallotted securities.
- Lloyds Banking Group Long Term Share Plan 2020: Ending balance of 108,100,000 unallotted securities.
Material Changes Versus Prior Period
Significant changes in the available share blocks occurred during the period:
- Increases in Block Size: The Sharesave Scheme increased by 140,000,000 shares; the Share Incentive Plan increased by 27,000,000 shares; the Executive Group Ownership Plan increased by 900,000 shares; and the Long Term Share Plan 2020 increased by 27,100,000 shares.
- Issuances: The Sharesave Scheme issued 14,109,815 shares, and the Share Incentive Plan issued 22,179,749 shares. No shares were issued under the Executive Group Ownership, Deferred Bonus, or Long Term Share Plans during this period.
- Stable Reserves: The Deferred Bonus Plan (2021) saw no increase in block size and no issuances, maintaining a balance of 70,000,000 shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a purely administrative report regarding the mechanics of share plan administration and compliance with UK Listing Rules.
Important Facts for Investors to Verify
- Verify the total number of shares available for future issuance across all five schemes, which totals approximately 409.4 million shares as of December 31, 2025.
- Confirm the impact of the 140 million share increase in the Sharesave Scheme on potential future dilution.
- Note that the Deferred Bonus Plan and Long Term Share Plan 2020 had no issuances during the period, indicating a pause in vesting or exercise activity for these specific plans.
- Check subsequent filings for the actual financial impact of the 36.2 million shares issued during the period on the company's earnings per share.