MJ Gleeson PLCLSE: GLE

MJ Gleeson: Director/PDMR Shareholding

· Issued by MJ Gleeson PLC via RNS

Summary by 6ix AI

On October 23, 2026, MJ Gleeson plc granted nil-cost share options (rights to receive shares without paying for them) under its Long Term Incentive Plan to CEO Graham Prothero (315,813 shares), CFO Andrew Kirkman (138,812), Divisional Chair of Gleeson Homes Scott Stothard (43,624) and Company Secretary Leanne Johnson (13,246).

Key details

  • No consideration was paid for the grants. The number of shares in each option was based on a share price of 283.1p, the average mid-market closing price over the five days before the grant.
  • For Graham Prothero and Andrew Kirkman, the performance targets include relative total shareholder return (TSR) and carbon reduction targets, plus an earnings per share (EPS) target that covers 50% of these performance-based options.
  • The EPS target is for the year ended June 30, 2029: 20% of the award vests at 24p and 100% at 31.5p, with straight-line vesting in between.
  • Any vested options for Graham Prothero and Andrew Kirkman will normally become exercisable when the company announces results for the financial year ending June 30, 2031. Those for Scott Stothard and Leanne Johnson will normally become exercisable when results for the financial year ending June 30, 2029 are announced.

What’s still pending

  • Vesting for Graham Prothero and Andrew Kirkman depends on meeting performance targets over the three-year period ending June 30, 2029, and on continued service (save for good leaver treatment) until the targets are assessed.
  • Vesting for Scott Stothard and Leanne Johnson depends on a performance underpin condition (a minimum performance test) and continued service until the options vest.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/directorpdmr-shareholding-1780

Watch MJ Gleeson's latest callMJ Gleeson (LSE:GLE) — Final Results · Replay · Sep 22, 2023Read the transcript of MJ Gleeson (LSE:GLE) — Final Results

MJ GLEESON plc

Incorporated in England and Wales

Registration number: 09268016

LEI: 21380064K7N2W7FD6434

ISIN: GB00BRKD9Z53

27 October 2026

MJ Gleeson Plc

("the Company")

LTIP Options to Directors and RSA Options to PDMRs

The Company announces that on 23 October 2026 under the Company's Long Term Incentive Plan (the "Plan"), that the Directors and Persons Discharging Management Responsibilities ("PDMR") listed below were granted nil-cost share options (each an "Option") over Ordinary Shares of 2p each in the Company ("Shares") as follows:

DIRECTOR / PDMR

Number of Shares subject to Option

Graham Prothero (Chief Executive Officer)

 315,813

Andrew Kirkman (Chief Financial Officer)

138,812

Scott Stothard (Divisional Chair, Gleeson Homes)

43,624

Leanne Johnson (Company Secretary)

13,246

Each Option was granted pursuant to the Plan approved by shareholders in December 2016 and amended by the Board in accordance with paragraph 19.2 of the Plan, in September 2023.

No consideration was paid for the grant of the Options. The number of Shares subject to each Option was calculated based on a share price of 283.1p, being the average mid-market closing price, as derived from the London Stock Exchange daily Official List, from the five-days prior to the grant.

For Graham Prothero and Andrew Kirkman, vesting of each Option is conditional upon achieving certain performance targets over the three-year performance period ending 30 June 2029 and continued service (save for good leaver treatment) through to the assessment of the performance targets. Full details of the relative TSR and carbon reduction performance targets are disclosed in the Company's FY26 Annual Report.

At the time the FY26 Annual Report was published, the Board had not determined the EPS performance target, relating to 50% of such performance based Options. The EPS target has now been determined and reflects the Company's ambitious internal plan in a backdrop of continued sector uncertainty, as well as a material change in earnings expectations for shareholders.

Full details of the EPS performance target for the year ended 30 June 2029 applicable to such performance based Options are set out below:

Threshold (20%) of award vests

Maximum (100%) of award vests*

24p

31.5p

* Straight-line vesting between threshold and maximum performance.

To the extent they become vested, the Options will normally become exercisable when Company announces its financial results for the financial year ending 30 June 2031.

For the PDMRs the Options are subject to a performance underpin condition and a continued service requirement through to the time vesting of the Options. To the extent they become vested, the Options will normally become exercisable when Company announces its financial results for the financial year ending 30 June 2029.

Enquiries:

Leanne Johnson

Head of Legal and Company Secretary

MJ Gleeson plc

Tel: 01142 612 900

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Graham

b)

Last Name

Prothero

2.

Reasons 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)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

4.

Details of the transaction(s): section to be repeated for (i) each type of

instrument; (ii) each type of transaction; (iii) each date; and (iv) each place

where transactions have been conducted

a)

Description of the financial instrument

Identification Code

Ordinary Shares of £0.02 each


GB00BRKD9Z53

b)

Nature of the transaction

Grant of a nil cost Option over Ordinary Shares under the Company's LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

315,813

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

23 October 2026

f)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Andrew

b)

Last Name

Kirkman

2.

Reasons 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)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

4.

Details of the transaction(s): section to be repeated for (i) each type of

instrument; (ii) each type of transaction; (iii) each date; and (iv) each place

where transactions have been conducted

a)

Description of the financial instrument

Identification Code

Ordinary Shares of £0.02 each


GB00BRKD9Z53

b)

Nature of the transaction

Grant of a nil cost Option over Ordinary Shares under the Company's LTIP

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

138,812

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable - single transaction

e)

Date of the transaction

23 October 2026

f)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Scott

b)

Last Name

Stothard

2.

Reasons for the notification

a)

Position / status

Divisional Chair (Gleeson Homes)

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

4.

Details of the transaction(s): section to be repeated for (i) each type of

instrument; (ii) each type of transaction; (iii) each date; and (iv) each place

where transactions have been conducted

a)

Description of the financial instrument

Identification Code

Ordinary Shares of £0.02 each


GB00BRKD9Z53

b)

Nature of the transaction

Grant of a nil cost Option over Ordinary Shares under the Company's LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

43,624

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable- single transaction

e)

Date of the transaction

23 October 2026

f)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ('CAP')

a)

First Name

Leanne

b)

Last Name

Johnson

2.

Reasons for the notification

a)

Position / status

Company Secretary

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Full name of the entity

MJ Gleeson Plc

b)

Legal Entity Identifier code

21380064K7N2W7FD6434

4.

Details of the transaction(s): section to be repeated for (i) each type of

instrument; (ii) each type of transaction; (iii) each date; and (iv) each place

where transactions have been conducted

a)

Description of the financial instrument

Identification Code

Ordinary Shares of £0.02 each


GB00BRKD9Z53

b)

Nature of the transaction

Grant of a nil cost Option over Ordinary Shares under the Company's LTIP.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

13,246

d)

Aggregated information

-      Aggregated volume

-      Price

Not applicable- single transaction

e)

Date of the transaction

23 October 2026

f)

Place of the transaction

Outside a trading venue

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