Business
PDMR notification - grant of LTIP and RSP awards
PDMR notification - grant of LTIP and RSP awards.
About this update from Trustpilot Group Plc
[{"type":"text","content":"\n \n \n \n 22 June 2022\n \n \n \n \n TRUSTPILOT GROUP PLC\n \n \n \n \n Notification and public disclosure of transactions by PDMR\n \n \n \n \n Grant of LTIP Award\n \n \n \n Trustpilot Group plc (the \"Company\") announces that on 20 June 2022 the following award over ordinary shares of 1 pence each in the Company was granted under the Trustpilot Group plc Long Term Incentive Plan (LTIP) to the following person discharging managerial responsibilities:\n \n \n \n \n \n \n \n Participant\n \n \n \n \n \n \n Position\n \n \n \n \n \n \n No. of Shares under Award\n \n \n \n \n \n \n \n Mieke De Schepper\n \n \n \n \n Chief Commercial Officer\n \n \n \n \n 343,285\n \n \n \n \n \n \n \n \n \n The award was granted as a conditional award and will ordinarily vest on 20 June 2025, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the award's performance conditions are satisfied.\n \n \n The vesting of 55% of such award (the \"TSR Part\") is subject to the Company's total shareholder return (\"TSR\") performance over a three year period that commenced on 5 April 2022 relative to the TSR performance over the same period of the constituents of the FTSE 250 Index (excluding investment trusts and the Company) as at 5 April 2022. One quarter of the TSR Part will vest for median ranking performance and thereafter on a straight-line basis to full vesting of the TSR Part for upper quartile ranking (or better) relative TSR performance.\n \n \n The vesting of 25% of such award (the \"ARR Part\") is subject to the compound annual growth rate (\"CAGR\") in the Group's annual recurring revenue (\"ARR\") over the period 1 January 2022 to 31 December 2024. One quarter of the ARR Part will vest for CAGR in ARR over the measurement period of 20 percent and thereafter on a straight-line basis to full vesting of the ARR Part for CAGR in ARR over the measurement period of 30 percent (or better).\n \n \n The vesting of 20% of such award (the \"TrustScore Part\") is subject to targets set for the average of the TrustScores (trust performance measures) taken at the end of 2022, 2023 and 2024 respectively. The TrustScore Part target will be stepped between 3.5 and 3.75 (at which point 50% of the Trust...