Director/PDMR Shareholding

easyJet plc

(the “Company”)

 

Director/PDMR shareholding

12 December 2024

The Company announces the following PDMRs have deferred a portion of their annual bonus into shares and have therefore been granted awards under the Deferred Share Bonus Plan (“DSBP”) on 12 December 2024 as set out below (the “DSBP Awards”).

PDMR

Number of shares subject to Award

Johan Lundgren

78,639

Kenton Jarvis

48,519

Robert Birge

15,041

Sophie Dekkers

22,497

Thomas Haagensen

13,087

Rebecca Mills

12,309

David Morgan

17,614

Garry Wilson

24,651

Each of the DSBP Awards are in the form of a nil-cost option other than awards for Robert Birge which are granted as conditional awards, and no monetary consideration was paid for the DSBP Awards. The DSBP awards shall ordinarily vest and become exercisable on the third anniversary of their grant date, subject to the grantee's continued employment.

The Company announces that the following PDMRs have been granted awards under the Restricted Share Plan (“RSP”) on 12 December 2024 as set out below (the “RSP Awards”).

PDMR

Number of shares

subject to Award

Kenton Jarvis

99,064

Robert Birge

57,142

Sophie Dekkers

76,550

Thomas Haagensen

49,718

Rebecca Mills

49,761

David Morgan

65,812

Garry Wilson

88,326

 

Each of the RSP Awards are in the form of a nil-cost option, other than awards for Robert Birge which are granted as conditional awards, and no monetary consideration was paid for the RSP Awards.  The RSP Awards will typically vest and become exercisable on the third anniversary of their grant date subject to the performance underpins set out in the 2024 Annual Report and Accounts. RSP Awards to Kenton Jarvis will be subject to a two-year post-vesting holding period.

The award to Kenton Jarvis is based on his current opportunity under the Company’s Remuneration Policy as CFO. A further grant will be made shortly after he has commenced the CEO role to reflect his revised RSP opportunity, as set out in the 2024 Annual Report.

Further details relating to the RSP and DSBP can be found in the 2024 Annual Report and Accounts which are available on the Company's website.

The Company announces the following transactions by PDMRs as set out below:

Name

Vesting

date

Number of shares vesting 

Number of shares sold to cover tax liabilities*

Number of shares retained

Robert Birge

Vesting of nil cost conditional RSP Awards

12.12.2024

81,473

38,389

43,084

* The shares were sold at a price of £5.88 on 12 December 2024.

For further details please contact easyJet plc:

 

Institutional investors and analysts:

Adrian Talbot

Investor Relations

+44 (0)7971 592 373

 

 

 

Media:

 

Anna Knowles

Corporate Communications

+44 (0)7985 873 313

Harry Cameron

Teneo

+44 (0)20 7353 4200

Olivia Peters

Teneo

+44 (0)20 7353 4200

 

LEI: 2138001S47XKWIB7TH90

 

 

The notifications below are made in accordance with the requirements of the Market Abuse Regulations.

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Johan Lundgren

2.

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

78,639

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 78,639

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

 

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Kenton Jarvis

 

2.

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

48,519

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 48,519

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Restricted Share Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

99,064

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 99,064

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Robert Birge

 

2.

Reason for the notification

a)

Position/status

Chief Customer and Marketing Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of conditional awards under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

15,041

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 15,041

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of conditional awards under the easyJet Restricted Share Plan at nil cost. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

57,142

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 57,142

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Vesting of conditional awards under the Restricted Share Plan at nil cost  

 

 

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

81,473

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 81,473

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Sale of shares resulting from vesting of conditional awards under the Restricted Share Plan to cover tax liabilities  

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£5.88

38,389

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 38,389

 

GBP: £5.88

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

XLON

 

 

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Sophie Dekkers

 

2.

Reason for the notification

a)

Position/status

Chief Commercial Officer  

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

22,497

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 22,497

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Restricted Share Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

76,550

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 76,550

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

 

  

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Thomas Haagensen

 

2.

Reason for the notification

a)

Position/status

Group Markets Director  

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

13,087

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 13,087

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Restricted Share Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

49,718

 

d)

Aggregated information

 

Aggregated volume

Price

Aggregated volume: 49,718

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

 

  

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Rebecca Mills

 

2.

Reason for the notification

a)

Position/status

Group General Counsel  

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

12,309

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 12,309

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Restricted Share Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

49,761

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 49,761

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

 

  

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

David Morgan

 

2.

Reason for the notification

a)

Position/status

Chief Operating Officer  

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

17,614

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 17,614

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Restricted Share Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

65,812

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 65,812

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

 

  

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Garry Wilson

 

2.

Reason for the notification

a)

Position/status

CEO easyJet holidays  

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

24,651

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 24,651

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of nil-cost options under the easyJet Restricted Share Plan. 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

88,326

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 88,326

 

GBP: Nil

e)

Date of the transaction

2024-12-12

f)

Place of the transaction

Outside a trading venue