Business
Director/PDMR Shareholding
Imperial Brands PLC has granted awards under its Long Term Incentive Plan on February 16, 2026, to executive directors Lukas Paravicini and Murray McGowan. Paravicini, the Chief Executive Officer, received an award of 149,026 ordinary shares, while McGowan, the Chief Financial Officer, was awarded 58,926 ordinary shares. These awards are part of the FY26 LTIP grants and are subject to performance measures including adjusted EPS growth, return on invested capital, cumulative free cash flow, relative TSR, and ESG targets. The performance targets for these measures have been detailed, with cut-in, target, and maximum levels specified for each. Disclaimer*
About this update from Imperial Brands Plc
[{"type":"text","content":"\n\nIMPERIAL BRANDS PLC\nLegal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n \nImperial Brands PLC (the \"Company\") Long Term Incentive Plan\n \nGrant of 2026 LTIP awards\n \nOn 16 February 2026, the Company granted awards in respect of FY26 under the Imperial Brands Long Term Incentive Plan (the \"LTIP\") to PDMRs, details of which are provided below.\n \nFurther to its 2025 Annual Report and Accounts, the Company confirms that the performance measures and targets (which should not be construed as guidance) in respect of the Imperial Brands LTIP grant made on 16 February 2026 are:\n \n\n\n\n\n\n\n\nWeight\n\n\nCut-in\n\n\nTarget\n\n\nMax\n\n\n\n\nAdjusted EPS growth at constant currency¹\n\n\n40%\n\n\n2.0%\n\n\n4.2%\n\n\n5.8%\n\n\n\n\nReturn on invested capital\n\n\n15%\n\n\n18.7%\n\n\n21.4%\n\n\n22.2%\n\n\n\n\nCumulative free cash flow\n\n\n15%\n\n\n£5.7bn\n\n\n£6.6bn\n\n\n£7.3bn\n\n\n\n\nRelative TSR\n\n\n20%\n\n\nMedian\n\n\nN/A\n\n\nUpper quart.\n\n\n\n\nESG - Climate / Carbon reduction\n\n\n5%\n\n\n76.2%\n\n\n78.3%\n\n\n79.1%\n\n\n\n\nESG - Climate / Energy reduction\n\n\n5%\n\n\n5.5%\n\n\n10.7%\n\n\n11.6%\n\n\n\n\n1. EPS targets shown above exclude the benefit of the Company's share buyback programme. This methodology aligns with the Investment Association guidance.\n \nDetails of individual awards are as follows:\n \n\n\n\n\n1\n \n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n \n\n\nName\n \n\n\nLUKAS PARAVICINI\n\n\n\n\n2\n \n\n\nReason for the notification\n \n\n\n\n\na)\n \n\n\nPosition/status\n \n\n\nEXECUTIVE DIRECTOR - CHIEF EXECUTIVE OFFICER\n\n\n\n\nb)\n \n\n\nInitial notification /Amendment\n\n\n \nINITIAL NOTIFICATION\n\n\n\n\n3\n \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n \n\n\nName\n \n\n\nIMPERIAL BRANDS PLC\n\n\n\n\nb)\n \n\n\nLEI\n \n\n\n549300DFVPOB67JL3A42\n\n\n\n\n4\n \n\n\nDetails of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) e...