Secretary's Department
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
SD/PSX/MRT&MRC/26
07 April 2026
Dear Sir,
Transfer of shares to Material Risk Takers and Material Risk ControllersThis is to inform you that, in line with the UBL's Risk Aligned Remuneration Framework, the deferred portion of variable compensation for Material Risk Takers (MRTs) and Material Risk Controllers (MRCs) is held in a trust-managed pool. This pool comprises of UBL shares and Government Securities acquired from the open market through a brokerage house on behalf of the Trust.
Each year, one-third of the deferred variable compensation for a given year vests and the corresponding UBL shares are transferred to the respective employees of UBL.
Accordingly, 294,175 shares of the Bank have been credited to the respective CDC accounts of 48 employees of UBL on April 02, 2026 through a brokerage house at the purchase price. The said transfers of UBL shares includes 244,820 shares allocated/transferred to 26 employees designated as executives in terms of Securities Act, 2015 and PSX Regulations, as per the attached annexure. These transfers of shares are part of the first, second, and third tranches of deferred compensation for the years 2024, 2023 and 2022 respectively.
You are requested to disseminate the above information to TREC Holders of the Exchange. Yours faithfully
Aqeel Ahmed Nasir Company Secretary & Chief Legal Counsel
C.C to:
London Stock Exchange, London UK.
The Commissioner, Enforcement & Monitoring Division, SECP, Islamabad.
UBL Head Office 2ndFloor I.I. Chundrigar Road Karachi Ph. (021) 990332103
Annexure
Sr# | Employee Name | No. of shares |
1. | Mr. Muhammad Jawaid Iqbal | 76,047 |
2. | Mr. Abdul Aleem Qureshi | 27,299 |
3. | Mr. Alee Khalid Ghaznavi | 23,063 |
4. | Mr. Syed Manzoor Hussain Zaidi | 19,700 |
5. | Mr. Adil Haroon | 14,577 |
6. | Ms. Nadia Tabassum | 11,439 |
7. | Mr. Ahmad Nasir | 11,238 |
8. | Mr. Sohail Aziz | 10,941 |
9. | Mr. Munawar Raza Shah | 8,869 |
10. | Mr. Aqeel Ahmed Nasir | 7,495 |
11. | Ms. Hafsa Abbasy | 7,126 |
12. | Mr. Suleman Pervez | 4,961 |
13. | Mr. Muhammad Mushtaq | 4,012 |
14. | Mr. Muhammad Ramzan | 3,748 |
15. | Mr. Mehdi Hassan Siddiqui | 3,394 |
16. | Mr. Chaudhry Qaisar Iqbal | 3,259 |
17. | Mr. Mohammad Zaman Magsi | 1,306 |
18. | Mr. Imran Kapadia | 1,215 |
19. | Mr. Tahir Javed | 1,136 |
20. | Mr. Mazhar Arif | 817 |
21. | Mr. Irfan Masood | 754 |
22. | Mrs. Tayyaba Sayyed | 626 |
23. | Ms. Fatima Shahzad | 545 |
24. | Mr. Asad Rizvi | 545 |
25. | Mr. Moazzam Haider | 545 |
26. | Mr. Faisal Javed Siddiqui | 163 |