AstraZeneca (AZN) CEO granted 18,359 shares as performance award vests
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
AstraZeneca PLC reported that an award of ordinary shares under the AstraZeneca Performance Share Plan vested to Chief Executive Officer Pascal Soriot on 14 May 2026. The award, originally granted on 14 May 2021, was subject to performance measures over three years followed by a two-year holding period.
Application of these performance measures resulted in 88% of the award vesting, with the remainder lapsing. After dividend reinvestment and tax withholding, Mr Soriot acquired 18,359 ordinary shares for nil consideration, changing his beneficial interests in AstraZeneca shares. The fair market value at vest for tax purposes was 13,766 pence per share.
Positive
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Negative
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Key Figures
Shares acquired: 18,359 shares
Vesting percentage: 88%
Fair market value at vest: 13,766 pence per share
+2 more
5 metrics
Shares acquired
18,359 shares
Ordinary shares acquired by CEO under AZPSP on 14 May 2026
Vesting percentage
88%
Portion of AstraZeneca Performance Share Plan award that vested
Fair market value at vest
13,766 pence per share
Closing price on London Stock Exchange for tax purposes at vest
Award grant date
14 May 2021
Grant date of AZPSP award to Pascal Soriot
Performance period length
3 years
Performance measurement period before two-year holding period
Key Terms
AstraZeneca Performance Share Plan, person discharging managerial responsibilities, EU Market Abuse Regulation, holding period, +1 more
5 terms
person discharging managerial responsibilities regulatory
"18 May 2026 Transaction by Person Discharging Managerial Responsibilities"
A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.
EU Market Abuse Regulation regulatory
"notification, made in accordance with the requirements of the EU Market Abuse Regulation"
A set of EU-wide rules that prevent cheating in financial markets by banning insider trading, market manipulation, and misleading disclosure; it also requires timely public release of key company information so everyone can play on a level field. For investors, it reduces the risk that prices are driven by secret deals or false signals, making markets fairer and more reliable for deciding when to buy or sell — like referees enforcing fair play in a game.
holding period financial
"On the third anniversary of grant the award was placed in a two-year holding period."
nil consideration financial
"Acquisition of ordinary shares pursuant to a vesting under the AstraZeneca Performance Share Plan, for nil consideration."
FAQ
What did AstraZeneca (AZN) announce in this Form 6-K?
AstraZeneca announced that a performance share award granted to CEO Pascal Soriot under the AstraZeneca Performance Share Plan vested on 14 May 2026, resulting in his acquisition of 18,359 ordinary shares for nil consideration after performance testing, dividend reinvestment, and tax withholding.
What was the fair market value used for AstraZeneca (AZN) tax purposes at vesting?
For tax purposes, the fair market value of an AstraZeneca ordinary share at vest was 13,766 pence. This value was based on the closing price on the London Stock Exchange on the last trading day before the vesting date of 14 May 2026.
Which regulation governs this AstraZeneca (AZN) PDMR notification?
The notification regarding Pascal Soriot’s share award vesting was made in accordance with the requirements of the EU Market Abuse Regulation, as it forms part of UK law under the European Union (Withdrawal) Act 2018, governing disclosures by persons discharging managerial responsibilities.