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GSK (NYSE: GSK) details 2026 performance share plan targets and metrics

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

GSK plc has granted 2026 performance share plan awards to senior executives and set detailed performance measures for vesting. The conditional share awards run over a three-year period from 1 January 2026 to 31 December 2028 and are granted under the GlaxoSmithKline 2017 Performance Share Plan.

Each award’s vesting depends on five measures: total sales growth, core operating profit growth and pipeline sustainability at 17.5% each, a responsible business composite scorecard at 7.5%, and relative total shareholder return (TSR) at 40%. Dividends accrue during the period but only vest if the underlying awards vest.

For the CEO and other PDMRs, threshold vesting levels differ for some metrics, and awards that do not meet performance conditions will lapse. Executive Directors also face an additional two-year holding period after normal vesting, extending their total time horizon to five years.

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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
For the month of February 2026
 
Commission File Number 001-15170
 
 
GSK plc
(Translation of registrant's name into English)
 
 
79 New Oxford Street, London, WC1A 1DG
(Address of principal executive office)
 
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F . . . .X. . . . Form 40-F . . . . . . . .
 
 
 
 
 GSK plc (the 'Company')
 
2026 Performance Share Plan Award and 2026 Performance Measures
 
2026 Performance Share Plan Award
 
On 12 February 2026, the Company granted conditional share awards to the Persons Discharging Managerial Responsibilities ('PDMRs') and their Persons Closely Associated ('PCAs') listed below under the GlaxoSmithKline 2017 Performance Share Plan ('the Plan'). The Plan allows a performance-related opportunity in the form of conditional awards to be granted to senior executives in the Group, including the Executive Directors and other PDMRs. 
 
Under the terms of the Plan, conditional awards are granted over a specific number of Ordinary Shares or American Depositary Shares ('ADS'), and the percentage of awards that ultimately vests is dependent on the level of achievement against performance targets set by the Remuneration Committee.
 
The performance period for the awards is the three financial years from 1 January 2026 to 31 December 2028.
 
 
2026 Performance Measures
 
The awards are based on the following five measures:
 
Performance Measure
Proportion of
each award
Total Sales Growth
 
17.5%
Core Operating Profit Growth
17.5%
 
Pipeline Sustainability
 
17.5%
Responsible Business: Composite Scorecard
 
7.5%
Relative Total Shareholder Return (TSR)
 
40%
 
Total sales and Core operating profit growth
 
These targets were set following the Board's annual planning process and consideration of analysts' consensus to ensure that they are sufficiently stretching and support the Committee's aim to incentivise and reward over performance.
 
 
Performance vs Target
Proportion Vesting
 
Below threshold
< 99% of Target
Nil
Threshold
99% of Target
20%: CEO
25%: CFO / All Others
Target
100% of Target
50%
 
103% of Target
75%
Maximum
105% of Target
100%
 
 
Pipeline Sustainability
 
The Pipeline Sustainability measure focuses on GSK's replenishment of the pipeline and longer-term pipeline performance. For inclusion, a Programme must be either a New Molecular Entity (NME), or a new indication which adds £0.5 billion to Peak Year Sales. Programmes approved and launched during the three-year window will contribute to the total number of assets and to the sales contribution. It is based on a matrixed assessment of:
 
- Pipeline sales contribution to GSK's long range forecast (LRF) outlook. The target and vesting will each be based on 10-year net risk adjusted sales forecast, e.g., the 2026-2028 target based on the 2035 LRF and vesting based on the 2038 LRF, and
 
- the Number of Programmes in Phase 2 and 3 and Registration and Approval.
 
This element of the PSP will only vest, either in full or in part, if at the time of vesting the most recently governed and published 2031 Sales outlook remains at least £40 billion1. At the end of the period a list of the Programmes added or removed during the period will be disclosed. However, the pipeline sales contributions in the 2035 and 2038 LRFs and the assessment matrix will not be disclosed, as they are commercially sensitive. For the achievement of Threshold performance for both the Pipeline Sales contribution and the number of Programmes, the vesting proportions shall be 20% for the CEO, and 25% for the CFO / All Others.
 
Responsible Business: Composite scorecard
 
The Composite scorecard focuses on all the Responsible Business metrics within the Responsible Business Performance Rating. The rating is reported on in detail in each year's Annual Report with the scorecard providing a balanced assessment of performance against all our Responsible Business priorities.
 
Performance will be calculated by aggregating the annual performance across all the individual annual metrics within the rating for the 3 years of the PSP performance period.
 
Performance
Vesting Schedule
70% or more of all metrics are on track
100%
60% of all metrics are on track
75%
50% of all metrics are on track
50%
Less than 50% of all metrics are on track, but progress is being made because at least 50% are either on track, or on track with work to do (the 'threshold' vesting level)
20%: CEO
25%: CFO / All Others
Less than 50% of all metrics are either on track or on track with work to do, the rest (i.e. more than 50%) are off track
Nil
 
Relative TSR
 
Performance against our size-adjusted global biopharma peer group of 13 companies will be assessed using a percentile vesting approach. This compares GSK's actual TSR performance with that of our peers.
 
The median TSR and the upper quintile TSR of the peers is calculated excluding GSK's TSR. GSK's TSR is then compared against the median and upper quintile TSR on an interpolated basis. Threshold performance is at median, and maximum vesting (100%) is achieved for upper quintile performance. Straight-line interpolation determines vesting levels between median and upper quintile.
 
TSR Performance
Vesting Schedule
Above upper quintile
100%
Upper quintile
100%
Between median and upper quintile
Straight-line interpolation
Median (threshold vesting)
20%: CEO
25%: CFO / All Others
Below median of peer group
Nil
 
1 See assumptions and basis of preparation related to 2026 guidance, 2021-26 and 2031 Outlooks within GSK's Full-year and fourth quarter 2025 results announcement and GSK's cautionary statement below.
 
Notes
 
1.   To the extent that each element of a conditional award does not vest at the end of the three-year performance period, it will lapse.
 
2.   The PDMRs in the transaction notifications below were each granted a conditional award under the terms of the GlaxoSmithKline 2017 Performance Share Plan. Awards granted are of Ordinary Shares or ADS.
 
3.   Dividends will accrue on the conditional award of Ordinary Shares or ADS during the performance period but will only vest to the extent that the awards themselves vest at the end of the performance period. These dividends are not included in the figures below.
 
4.   For Executive Directors, the award is subject to an additional holding period of two years (the 'Holding Period') from the normal vesting date, i.e. five years in total.  During the Holding Period, the relevant Ordinary Shares or ADS would only be forfeited in the event that the Executive Director was terminated for cause, and the Ordinary Shares or ADS will continue to carry rights to dividend equivalents. 
 
 
 
 
Transaction notification
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Luke Miels
b)
Position/status
Chief Executive Officer
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
463,662
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Julie Brown
b)
Position/status
Chief Financial Officer
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
196,548
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Lynn Baxter
b)
Position/status
President, Europe
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
32,757
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Mike Crichton
b)
Position/status
President, International
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
37,315
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
James Ford
b)
Position/status
SVP and Group General Counsel, Legal and Compliance
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
133,977
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Mondher Mahjoubi
b)
Position/status
Chief Patient Officer
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
37,906
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Maya Martinez-Davis
b)
Position/status
President, US
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
American Depositary Shares ('ADS')
 
ISIN: US37733W2044
b)
Nature of the transaction
A conditional award of ADS under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
$58.49
53,433
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Nina Mojas
b)
Position/status
President, Global Product Strategy
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
38,291
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Shobie Ramakrishnan
b)
Position/status
Chief Digital and Technology Officer
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
American Depositary Shares ('ADS')
 
ISIN: US37733W2044
b)
Nature of the transaction
A conditional award of ADS under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
$58.49
44,313
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
David Redfern
b)
Position/status
President, Corporate Development
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
 
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
143,579
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Regis Simard
b)
Position/status
President, Global Supply Chain
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
 
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
150,453
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Phil Thomson
b)
Position/status
President, Global Affairs
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
 
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
66,221
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Deborah Waterhouse
b)
Position/status
CEO, ViiV Healthcare and President, Global Health, GSK
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
 
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
136,579
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Tony Wood
b)
Position/status
Chief Scientific Officer
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.50
247,138
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Victoria Whyte
b)
Position/status
SVP & Company Secretary
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
 
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.41
11,800
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
1.
Details of PDMR/person closely associated with them ('PCA')
a)
Name
Neil Falkingham 
b)
Position/status
PCA of Lynn Baxter (President, Europe)
 
c)
Initial notification/
amendment
Initial notification
2.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
GSK plc
b)
LEI
5493000HZTVUYLO1D793
3.
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 transaction(s) has been conducted
a)
Description of the financial instrument
Ordinary shares of 31 ¼ pence each ('Ordinary Shares')
 
ISIN: GB00BN7SWP63
b)
Nature of the transaction
A conditional award of Ordinary Shares under the Company's 2017 Performance Share Plan
c)
Price(s) and volume(s)
 
Price(s)
Volume(s)
 
 
£21.41
11,800
 
 
 
 
 
d)
Aggregated information
 
N/A (single transaction)
 
Aggregated volume Price
 
e)
Date of the transaction
2026-02-12
f)
Place of the transaction
N/A
 
 
About GSK
GSK is a global biopharma company with a purpose to unite science, technology, and talent to get ahead of disease together. Find out more at www.gsk.com.
 
Cautionary statement regarding forward-looking statements
GSK cautions investors that any forward-looking statements or projections made by GSK, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described in the "Risk Factors" section in GSK's Annual Report on Form 20-F for 2024, and GSK's Q4 Results for 2025.
 
Registered in England & Wales:
No. 3888792
 
Registered Office:
79 New Oxford Street
London
WC1A 1DG
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
 
GSK plc
 
(Registrant)
 
 
Date: February 16, 2026
 
 
 
 
By:/s/ VICTORIA WHYTE
--------------------------
 
 
 
Victoria Whyte
 
Authorised Signatory for and on
 
behalf of GSK plc

FAQ

What is GSK (GSK) disclosing in this 2026 Performance Share Plan update?

GSK is detailing its 2026 performance share plan for senior executives, including performance measures, vesting schedules, and holding periods. The awards cover 2026–2028 and link vesting to sales growth, profit growth, pipeline sustainability, responsible business metrics, and relative total shareholder return.

Which performance metrics drive GSK (GSK) 2026 performance share awards?

The 2026 awards are driven by five measures: total sales growth, core operating profit growth, pipeline sustainability, a responsible business composite scorecard, and relative total shareholder return. TSR has a 40% weighting, while the three financial and pipeline measures each carry 17.5% weight.

How long is the performance period for GSK (GSK) 2026 share awards?

The performance period runs for three financial years from 1 January 2026 to 31 December 2028. Executive Director awards are then subject to an additional two-year holding period, meaning they generally cannot fully access vested shares until five years after grant.

How does GSK (GSK) measure pipeline sustainability in the 2026 plan?

Pipeline sustainability focuses on new molecular entities and new indications that each add £0.5 billion to peak year sales. Vesting depends on a matrix combining 10-year net risk-adjusted sales forecasts and the number of programmes in Phase 2, Phase 3, registration, and approval stages.

What responsible business criteria affect GSK (GSK) 2026 award vesting?

The responsible business component uses a composite scorecard based on GSK’s Responsible Business Performance Rating. Vesting depends on the percentage of annual metrics judged “on track” over three years, with 100% vesting if 70% or more of all responsible business metrics are on track.

How is relative TSR used in GSK (GSK) 2026 performance awards?

Relative TSR compares GSK’s total shareholder return to a global biopharma peer group of 13 companies. Threshold vesting occurs at median performance, while upper-quintile performance delivers 100% vesting, with straight-line interpolation between median and upper quintile outcomes for award levels.

Do GSK (GSK) executives receive dividends on their 2026 performance share awards?

Dividends accrue on the conditional awards during the 2026–2028 performance period but only vest if the underlying share awards vest. If an award lapses because performance conditions are not met, the associated dividends do not vest and provide no benefit to the participant.
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