Travis Perkins Announces CEO Share Award Under Restricted Share Plan

Travis Perkins Plc (TPK) has announced the grant of nil-cost options to its Chief Executive Officer, Peter Redfern, under the company's Restricted Share Plan (RSP). The grant date for these options was 16 September 2024.

The CEO has been awarded 108,373 options over ordinary shares of 11.205105p each. The options were calculated using an average share price of £8.766, as derived from the London Stock Exchange’s Daily Official List on the three trading days before the grant date. Vesting will occur after three years, followed by a two-year holding period.

If dividends are paid between the grant and the release date, the optioned share count will increase to reflect reinvested dividends. The awards are subject to performance underpins and are exercisable until the tenth anniversary of the grant date.