GSK (GSK) grants deferred notional share award to new Chief People Officer
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
GSK plc granted a deferred investment award to new Chief People Officer and Executive Committee member Roanne Parry. The award is over notional Ordinary Shares, referenced to 35,507.628 shares at a price of £19.01 per share, and is intended to align long term with shareholders.
The award vests in two stages, with 34.22% scheduled to vest on 31 August 2028 and 65.78% on 31 August 2029, provided Ms Parry has not resigned or been terminated for cause. Dividends will accrue during the vesting period, and the benefit will be settled in cash on vesting.
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Key Figures
Notional award volume: 35,507.628 shares
Reference share price: £19.01 per share
First vesting tranche: 34.22%
+2 more
5 metrics
Notional award volume
35,507.628 shares
Notional Ordinary Shares under Deferred Investment Award
Reference share price
£19.01 per share
Price used for notional Ordinary Shares
First vesting tranche
34.22%
Scheduled to vest on 31 August 2028
Second vesting tranche
65.78%
Scheduled to vest on 31 August 2029
Transaction date
2026-05-01
Grant date of notional award to Roanne Parry
Key Terms
Deferred Investment Award programme, notional Ordinary Shares, Person Discharging Managerial Responsibilities, vesting period, +1 more
5 terms
Deferred Investment Award programme financial
"under the GlaxoSmithKline Deferred Investment Award programme"
Person Discharging Managerial Responsibilities regulatory
"to Roanne Parry, a Person Discharging Managerial Responsibilities ('PDMR')"
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.
vesting period financial
"awards are made over notional Ordinary Shares with vesting over a specified period"
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
dividends will accrue financial
"Dividends will accrue on the award during the vesting period"
FAQ
What executive award did GSK (GSK) disclose in this Form 6-K?
GSK disclosed a deferred investment award granted to Chief People Officer Roanne Parry. It is a notional award over Ordinary Shares under the Deferred Investment Award programme, designed to provide long-term alignment with shareholders and paid out in cash on vesting.
When will the GSK (GSK) deferred investment award to Roanne Parry vest?
The award vests in two tranches: 34.22% on 31 August 2028 and 65.78% on 31 August 2029. Vesting depends on Ms Parry not having given notice of resignation and not being terminated by the company for cause.
How will the GSK (GSK) deferred investment award be settled on vesting?
Although structured over notional Ordinary Shares, the award will be paid in cash when it vests. Dividends that would have been paid on the underlying shares accrue during the vesting period and are included in the final cash settlement to the executive.
What conditions apply to Roanne Parry’s GSK (GSK) deferred award vesting?
Vesting is conditional on the PDMR, Roanne Parry, not having served notice to GSK and not being terminated for cause. These conditions support retention by linking the award’s value to continued employment over the multi-year vesting schedule.
Are GSK (GSK) Executive Directors eligible for the Deferred Investment Award programme?
Executive Directors are not eligible to receive awards under GSK’s Deferred Investment Award programme. The disclosed grant relates specifically to Roanne Parry, the Chief People Officer and a newly appointed member of the Executive Committee, rather than to Board-level Executive Directors.