Business
Director/PDMR Shareholding
BAE Systems plc announced that on April 14, 2026, several Persons Discharging Managerial Responsibilities (PDMRs) exercised performance shares under the Long Term Incentive Plan and purchased Partnership shares, receiving Matching shares under the Share Incentive Plan. Notably, Charles Woodburn, Group Chief Executive Officer, exercised 921,217 performance shares and sold 434,058 at £22.1421 each, while Karin Hoeing, Group ESG, Culture & Business Transformation Director, exercised 292,819 performance shares and sold 137,970 at £22.2705 each. Other PDMRs also participated in the Share Incentive Plan, purchasing partnership shares at prices ranging from £14.763 to £22.145 and receiving matching shares. Disclaimer*
About this update from Bae Systems Plc
BAE Systems plc Director/PDMR Shareholding BAE Systems plc announces that on 14 April 2026, the following Persons Discharging Managerial Responsibilities ("PDMRs") exercised performance shares under the BAE Systems Long Term Incentive Plan (LTIP). In addition, on 14 April 2026, the following PDMRs purchased Partnership shares and were awarded Matching shares under the BAE Systems Share Incentive Plan, refer below for futher details: Exercise of BAE Systems Performance shares Name of PDMR Number of shares Karin Hoeing 292,819 Charles Woodburn 921,217 1 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name BAE Systems plc b) LEI 8SVCSVKSGDWMW2QHOH83 2 Reason for the notification a) Position/status Group ESG, Culture & Business Transformation Director b) Initial notification /Amendment Initial notification 3 Details of the person discharging managerial responsibilities / person closely associated a) Name Karin Hoeing 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, type of instrument Identification code Ordinary shares of 2.5p each in BAE Systems plc GB0002634946 b) Nature of the transaction Exercise of 292,819 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 137,970 shares, including those to satisfy tax liabilities. c) Price(s) and volume(s) Price Volume Acquisition of shares on exercise of share awards £0 292,819 Sale of shares, including those to satisfy tax liabilities £22.2705 137,970 Shares retained 154,849 d) Aggregated information - Aggregated volume - Price Exercise Volume: 292,819 Price GBP: £0 Shares sold, including those to satisfy tax liabilities Volume: 137,970 Price GBP: £3,072,660.88 e) Date of the transaction 2026-04-14 f) Place of the transaction XLON - London Stock Exchange 1 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name BAE Systems plc b) LEI 8SVCSVKSGDWMW2QHOH83 2 Reason for the notification a) Position/status Group Chief Executive Officer b) Initial notification /Amendment Initial notification 3 Details of the person discharging managerial responsibilities / person closely associated a) Name Charles Woodburn 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, type of instrument Identification code Ordinary shares of 2.5p each in BAE Systems plc GB0002634946 b) Nature of the transaction Exercise of 921,217 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 434,058 shares, including those to satisfy tax liabilities. c) Price(s) and volume(s) Price Volume Acquisition of shares on exercise of share awards £0 921,217 Sale of shares, including those to satisfy tax liabilities £22.1421 434,058 Shares retained 0 487,159 d) Aggregated information - Aggregated volume - Price Exercise Volume: 921,217 Price GBP: £0 Shares sold, including those to satisfy tax liabilities Volume: 434,058 Price GBP: £9,610,955.64 e) Date of the transaction 2026-04-14 f) Place of the transaction XLON - London Stock Exchange 1 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name BAE Systems plc b) LEI 8SVCSVKSGDWMW2QHOH83 2 Reason for the notification a) Position/status GC - Group Managing Director, Business Development JC - Chief Technology & Information Officer TG - Group Human Resources Director EG - Group General Counsel BG - Chief Finance Officer CH - Group Communications Director KH - Group ESG, Culture & Business Transformation Director AT - Group Managing Director, Digital Intelligence EV - Person Closely Associated with Group Human Resources Director, TG CW - Group Chief Executive Officer b) Initial notification /Amendment Initial notification 3 Details of the person discharging managerial responsibilities / person closely associated a) Name Gabrielle Costigan ("GC") Julian Cracknell ("JC") Tania Gandamihardja ("TG") Edward Gelsthorpe ("EG") Bradley Greve ("BG") Caitlin Hayden ("CH") Karin Hoeing ("KH") Andrea Thompson ("AT") Eric Veignat ("EV") Charles Woodburn ("CW") 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, type of instrument Identification code Ordinary shares of 2.5p each in BAE Systems plc GB0002634946 b) Nature of the transaction Purchase of Partnership shares and the award of Matching shares under the BAE Systems Share Incentive Plan. c) Price(s) and volume(s) Price(s) Volume(s) of Partnership Shares £22.145 GC - [7] JC - [7] TG - [7] EG - [6] BG - [7] CH - [7] KH - [6] AT - [7] EV - [7] CW - [7] Price(s) Volume(s) of Matching Shares Nil GC - [3] JC - [3] TG - [3] EG - [3] BG - [3] CH - [3] KH - [3] AT - [3] EV - [3] CW - [3] d) Aggregated information - Price - Aggregated volume Prices(s) Volume £15.501 GC - [10] £15.501 JC - [10] £15.501 TG - [10] £14.763 EG - [9] £15.501 BG - [10] £15.501 CH - [10] £14.763 KH - [9] £15.501 AT - [10] £15.501 EV - [10] £15.501 CW - [10] e) Date of the transaction 2026-04-14 f) Place of the transaction - Partnership shares - Matching shares XLON - London Stock Exchange Outside of a trading venue (sourced from Treasury shares) Legal Entity Identifier (LEI): 8SVCSVKSGDWMW2QHOH83 16 April 2026