Vertical Aerospace Ltd. announced a board leadership change. Chairman Dómhnal Slattery notified the board on May 10, 2026 of his intention to resign as Chairman and director and, by agreement with the board, his resignation became effective on May 12, 2026.
The company credits Mr. Slattery with overseeing key operational and financial milestones, including a recent two-way piloted transition flight and closing of a financing package totaling up to $850 million. The board expressed its thanks for his service and contribution.
Effective May 12, 2026, the board appointed existing director Ben Story as interim Chairman while it searches for a permanent Chair. Mr. Story brings experience from senior roles at Rolls-Royce Holdings, Citigroup, and public-sector and innovation-focused boards.
Vertical Aerospace Ltd. announced a board leadership change. Chairman Dómhnal Slattery notified the board on May 10, 2026 of his intention to resign as Chairman and director and, by agreement with the board, his resignation became effective on May 12, 2026.
The company credits Mr. Slattery with overseeing key operational and financial milestones, including a recent two-way piloted transition flight and closing of a financing package totaling up to $850 million. The board expressed its thanks for his service and contribution.
Effective May 12, 2026, the board appointed existing director Ben Story as interim Chairman while it searches for a permanent Chair. Mr. Story brings experience from senior roles at Rolls-Royce Holdings, Citigroup, and public-sector and innovation-focused boards.
Vertical Aerospace Ltd. Chief Executive Officer Stuart Simpson received a grant of 41,819 Nil Cost Options over common stock. These options have a £0.00 exercise price and expire on January 21, 2036. Following the grant, he holds 2,634,462 derivative securities linked to common stock.
According to the footnote, the options begin vesting on June 30, 2026, with additional portions vesting quarterly under an applicable vesting schedule, subject to his continued service through each vesting date. This is a compensation-related award rather than an open-market transaction.
Vertical Aerospace Ltd. Chief Executive Officer Stuart Simpson received a grant of 41,819 Nil Cost Options over common stock. These options have a £0.00 exercise price and expire on January 21, 2036. Following the grant, he holds 2,634,462 derivative securities linked to common stock.
According to the footnote, the options begin vesting on June 30, 2026, with additional portions vesting quarterly under an applicable vesting schedule, subject to his continued service through each vesting date. This is a compensation-related award rather than an open-market transaction.
Vertical Aerospace Ltd. director Domhnal Slattery received a grant of Nil Cost Options over 29,273 shares of common stock. These options have an exercise price of $0.00 and expire on January 21, 2036. Following the award, his directly held derivative position is 1,844,123 options.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly under the applicable vesting schedule, subject to his continued service through each vesting date.
Vertical Aerospace Ltd. director Domhnal Slattery received a grant of Nil Cost Options over 29,273 shares of common stock. These options have an exercise price of $0.00 and expire on January 21, 2036. Following the award, his directly held derivative position is 1,844,123 options.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly under the applicable vesting schedule, subject to his continued service through each vesting date.