Humongous amount of shares for the board?

[POSTMAN]

http://phx.corporate-ir.net/phoenix.zht ... ID=1886437" onclick="window.open(this.href);return false;

Notification of Transactions of Directors/PDMRs

20 December 2013

Royal Mail plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

In accordance with Rule 3.1.2R of the Disclosure and Transparency Rules, Royal Mail plc (the Company) was notified on 19 December 2013 of certain transactions by Directors/Persons Discharging Managerial Responsibilities in shares or rights to shares of the Company. In compliance with Rule 3.1.4R of the Disclosure and Transparency Rules, the Company notifies the market of details of the following transactions:

Long Term Incentive Plan - conversion of conditional rights to receive cash to conditional rights to receive ordinary shares

It was previously disclosed in the Company's Annual Report and Prospectus that conditional LTIP Awards for FYE 2014 would convert on Admission to awards over ordinary shares. On 19 December 2013, conditional LTIP awards for FYE 2014 (representing on-target performance) were converted into conditional rights to acquire ordinary shares of £0.01 each in the Company. The conversion has been made at the Volume Weighted Average Price of the ordinary shares of the Company traded between the eighth and fourteenth days following Royal Mail's Admission to trading on the London Stock Exchange on 15 October 2013. This price is 529.14p.

The conditional awards have been granted for nil consideration and no payment has been made for the conversion. They do not give rise to any immediate entitlement to shares. They are at risk of forfeiture in whole or in part before vesting, which occurs once performance conditions have been assessed at the end of the performance period. The future value of the conditional awards will be determined by the extent to which the awards vest and the Company's share price.

The LTIP grants, size and targets for Executive Directors for FYE 2014 were approved by the Secretary of State, prior to the Company's Admission to trading on the London Stock Exchange.

For the Company's Executive Directors, the LTIP opportunity for target performance is 70 per cent of salary. The maximum LTIP opportunity for achieving stretch target is 98 per cent of salary. The table below sets out the number of shares in the conditional award based on on-target performance at the end of the performance period and the maximum number of shares that could vest in FYE 2016, if all the relevant stretching performance criteria are met.

For the LTIP awards for FYE 2014, the target LTIP opportunity is subject to an increased level of performance that is 10 per cent higher than the previous target. Performance is based on the third year of a three-year performance period, with the targets for each measure derived from the Company business plan. The primary performance condition for outstanding awards is based on operating profit. Awards are then downward-only adjusted based on a return on total assets target.

shares.PNG

[POSTMAN]

EDIT:Just found the below.

Royal Mail top directors set for share bonuses windfall worth up to £4.2m

http://www.thisismoney.co.uk/money/mark ... -4-2m.html" onclick="window.open(this.href);return false;


Royal Mail revealed share bonuses for its top directors worth up to £4.2million at the time they were awarded, as its transition to a public company saw cash incentives replaced with stock.


Some 15 senior staff will get the shares in 2016, if they meet performance targets, with boss Moya Greene eligible for up to 92,232 shares, worth £488,000 at the £5.29 price when they were awarded.

The windfall will be lower if the company does not hit the top end of its targets, but could also be much higher if its stock, up from £3.30 when it listed in October to £6.05 yesterday, continues to soar.


Greene’s £488,000 award comes on top of a base salary of £498,000, which can also be topped up by a bonus up to the same value.


That means she could get nearly £1.5million for this year’s work, although the shares will not be available to her until 2016.

[NinjaHybrid]

Something seriously wrong here and totally unjustified all these greedy top bods raking it in from just being a glorified butcher!

[Nikellie]

Something seriously wrong here and totally unjustified all these greedy top bods raking it in from just being a glorified butcher!

Unsurprisingly greedy RM bosses have feathered their own nests. I wonder how they plan to meet "stretching targets" in order to maximise their 2016 bonuses?

Answer (as if you don't know!). Efforts to increase workload, "efficiency" targets, job cuts, lapsing and bullying/harrassment are going to intensify early next year.

Prediction. The "Agenda for Change" won't be worth the paper it's written on inside six months (some of us think it's worthless now!!).

VOTE "NO".

HAYES/WARD OUT.

[deshulme]

Time Price Volume Value Bid Ask B/S
16:35:14 591p 43,635,039 £257,883,080 604p 605p Sell

Last Sell of the day showing over a quarter million pound SELL.

[fishtank]

Time Price Volume Value Bid Ask B/S
16:35:14 591p 43,635,039 £257,883,080 604p 605p Sell

Last Sell of the day showing over a quarter million pound SELL.

I don't want to scare you but that's actually a quarter of a billion.
It isn't a single transaction as far as I can gather though it's all the trades that were agreed at the Uncrossed Trade value which is a kind of average.

[freelunch]

That'll just be an institutional/bank/market maker "trade" reported after market close. Nothing to be concerned about for a company the size of RMGroup in these days of computer-driven markets.
As fishtank said, it's not a single transaction. The "SELL" discriptor is near meaningless here, it's produced from a rough calculation based on size and value of a total.

[blackadder]

why do you think it was privitised ? so it could compete better as a private company. oh behave. moya may well be taking the flak but every one on that list is getting there palms crossed with shares earned by the likes of us. all staff no matter how big or how small you are should get the same, but as they say all pigs are equal but some pigs are more equal then many