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Rio Tinto - Director/PDMR Shareholding

RNS Number : 9506P
Rio Tinto PLC
22 February 2021
 

Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)

 

22 February 2021

 

As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMRs/KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).

 

Rio Tinto Performance Share Plan 2013 ("PSP")

 

The PSP is a performance based share plan which provides participants with the conditional right (known as a Performance Share Award or PSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met.

 

The PSA granted in 2016 is subject to two performance conditions. Two thirds of the award is subject to Total Shareholder Return (TSR) performance and the remaining third to an Earnings based measure of Relative EBIT Margin. The TSR part of the award vested on 18 February 2021. The remaining third of the PSA granted in 2016 will vest on 31 May 2021 once the relative EBIT margin performance has been established.

 

On 18 February 2021, the following PDMRs received their vested PSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

 

Security

Name of PDMR/KMP

Conditional Award Granted

TSR Vest Portion

No: of Shares Lapsed

No: of Shares Vested*

No: of Shares Sold

Price per Share

No: of Shares Retained

Date of Transaction

Rio Tinto

plc shares

Baatar, Bold

17,270

11,514

0

13,840

5,744

GBP 62.61083

8,096

18/02/2021

Rio Tinto

plc shares

Barrios, Alfredo

73,140

 

48,761

 

0

58,613

 

31,192

 

GBP 62.61083

27,421

 

18/02/2021

Rio Tinto

plc shares

Cunningham, Peter

13,320

 

8,881

 

0

10,675

 

5,009

 

GBP 62.61083

5,666

 

18/02/2021

Rio Tinto

Limited

shares

Soirat, Arnaud

20,230

 

13,487

 

0

15,960

 

7,527

 

AUD 127.40

8,433

 

18/02/2021

Rio Tinto

plc shares

Toth, Peter

14,808

 

9,873

 

0

11,867

 

5,569

 

GBP 62.61083

6,298

 

18/02/2021

Rio Tinto

Limited

shares

Trott, Simon

9,412

 

6,275

 

0

7,425

 

0

N/A

7,425

 

18/02/2021

Rio Tinto

Limited

shares

Vella, Ivan

3,072

 

2,049

 

0

2,424

 

0

N/A

2,424

 

18/02/2021

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.

Management Share Awards ("MSA") granted under the Rio Tinto 2018 Equity Incentive Plan

 

The MSA provides participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment. 

 

On 18 February 2021, the following PDMRs received their vested MSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. All MSA included in this announcement were granted prior to the PDMR/KMP becoming a member of the Executive Committee.

 

Security

Name of PDMR/KMP

Conditional Award Granted

No: of Shares Vested*

No: of Shares Sold

Price per Share

No: of Shares Retained

Date of Transaction

Rio Tinto

plc shares

Cunningham, Peter

3,614

 

4,138

 

1,944

 

GBP 62.61083

2,194

 

18/02/2021

Rio Tinto

plc shares

Toth, Peter

3,991

 

4,570

 

2,147

 

GBP 62.61083

2,423

 

18/02/2021

Rio Tinto

Limited

shares

Vella, Ivan

3,344

 

3,794

 

0

N/A

3,794

 

18/02/2021

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.

 

FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release.

 

LEI: 213800YOEO5OQ72G2R82
Classification: 3.1. Information disclosed under article 19 of the Market Abuse Regulation.

 

This announcement is authorised for release to the market by Rio Tinto's Group Company Secretary.

 

Steve Allen

Group Company Secretary

 

Tim Paine

Joint Company Secretary

Rio Tinto plc

6 St James's Square

London SW1Y 4AD

United Kingdom

 

T +44 20 7781 2000  
Registered in England

No. 719885

 

 

Rio Tinto Limited

Level 7, 360 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

 

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