Business
Option Issuance and Director/PDMR Dealing
Option Issuance and Director/PDMR Dealing.
About this update from Public Policy Holding Co., Inc.
[{"type":"text","content":"\n \n \n 18 May 2022\n \n \n \n \n \n \n Public Policy Holding Company, Inc.\n \n \n \n \n \n \n \n \n \n (the \"Company\" and, together with its subsidiaries, \"PPHC\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Option Issuance and Director/PDMR Dealing\n \n \n \n \n \n \n PPHC, a leading bi-partisan, full-service US government affairs business, announces that it has granted options over shares of Common Stock, par value $0.001 per share (the \"Ordinary Shares\") in the Company (the \"Options\") to a broad range of its current employee base, including certain Directors and senior employees (\"PDMR\"s) of the Company, under PPHC's 2021 Omnibus Incentive Plan (\"Omnibus Plan\") that was adopted in connection with the Group's admission to AIM in December 2021.\n \n \n In total\n 2,685,004\n Options have been granted on 17 May 2022 as part of an initial tranche of 2,705,852 Options under the\n Omnibus Plan. Of this first tranche, 648,446 Options have been granted to PDMRs (including Executive Directors and other senior management). The Options will vest in full in three years from the grant date and will be subject to certain acceleration and clawback events tied to continuation of employment and compliance with various employment-related agreements. The Options will have an exercise price of 177 pence per Ordinary Share, being 120% of the closing price on the grant date, 17 May 2022.\n \n \n \n \n \n As set out in the Group's Admission Document, PPHC strives to attract and retain high quality staff in order to best serve its clients. These Omnibus Plan awards are being made in order to incentivise senior management and a broad range of employees through equity-based awards, further aligning interests of employee shareholders with PPHC's core mission and objectives. The resultant holdings of Options by Directors and PDMRs are set out below:\n \n \n \n \n \n \n \n \n \n \n Director / PDMR\n \n \n \n \n \n \n No. of Options previously held\n \n \n \n \n \n \n No. of Options granted\n \n \n \n \n \n \n Resultant interest in Options\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Stewart Hall (Executive Director)\n \n \n \n \n 0\n \n \n \n \n 50,000\n \n \n \n \n 50,000\n \n \n \n \n \n \n William Chess (Executive Director)\n \n \n \n \n 0\n \n \n \n \n 50,000\n \n \n \n \n 50,000\n \n \n \n \n \n \n ...