[6-K] Haleon plc American Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Haleon plc (LSE/NYSE:HLN) announced PDMR notifications describing grants of share awards under its Share Value Plan and Performance Share Plan. The Performance Share Plan (Interim) awards vest in March 2028 subject to continued employment and performance conditions covering the period ending 31 December 2027; the relevant performance targets were disclosed in Haleon’s 2024 Annual Report and Form 20-F. The Share Value Plan (Buyout) awards are subject to continued employment. All awards were made in line with Haleon’s Directors' Remuneration Policy and are subject to malus and clawback provisions.
The filing discloses aggregate award volumes including items of 192,571 and 405,911 (shares/ADS) and notes that some volumes are Nil where applicable. No financial amounts, prices, or additional compensation details are provided in this report.
Positive
- Awards align with the company's Directors' Remuneration Policy
- Performance Share Plan awards include explicit performance and service conditions
- Awards are subject to malus and clawback provisions
- Performance period and vesting timetable are clearly stated (performance period ends 31 December 2027; vesting in March 2028)
Negative
- None.
Insights
TL;DR: Routine director/PDMR award disclosures confirm governance controls with performance vesting, malus and clawback protections.
The disclosure is a standard Market Abuse Regulation notification that records grants to persons discharging managerial responsibilities. It reiterates that Performance Share Plan awards carry performance and service conditions through 31 December 2027 with vesting in March 2028 and references previously disclosed targets in the 2024 Annual Report and Form 20-F. The mention of malus and clawback provisions indicates governance mechanisms to adjust awards for misconduct or restatements, consistent with the company’s stated Remuneration Policy. The filing lacks pricing, grant date fair value, or individual award sizes, limiting assessment of dilution or compensation magnitude.
TL;DR: Disclosure outlines award types and vesting framework but omits monetary or per-recipient details needed for pay analysis.
The report differentiates between Performance Share Plan (Interim) awards, which are performance- and service-conditioned, and Share Value Plan (Buyout) awards, which are service-conditioned. Aggregate volumes shown include figures of 192,571 and 405,911, suggesting grant quantities were recorded, but the filing does not present prices, grant-date valuations, or recipient-level allocations. For pay benchmarking or assessing incentive alignment, readers must consult the 2024 Annual Report/Form 20-F for the specific performance targets and any earlier disclosures on award quantum and valuation.
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Form
20-F ☒
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Form
40-F ☐
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Exhibit Number
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Description
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99.1
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05
September 2025 - “Director/PDMR
Shareholding”
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1
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Details of the person discharging managerial responsibilities /
person closely associated
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a)
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Name
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Carl
Haney
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2
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Reason for the notification
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a)
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Position/status
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Chief
R&D Officer
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b)
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Initial notification /Amendment
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Initial
Notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor
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a)
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Name
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Haleon
plc
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b)
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LEI
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549300PSB3WWEODCUP19
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4
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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 transactions have been
conducted
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a)
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Description of the financial instrument, type of
instrument
Identification
code
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Ordinary Shares of £0.01 each
GB00BMX86B70
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b)
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Nature of the transaction
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(i) Grant
of a conditional award under the Haleon plc Performance Share Plan
(Interim)
(ii) Grant
of a conditional award under the Haleon plc Share Value Plan
(Buyout)
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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(i)
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Nil
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641,096
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(ii)
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Nil
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192,571
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d)
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Aggregated information
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Aggregated volume
- Price
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833,667
Nil
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e)
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Date of the transaction
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4
September 2025
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f)
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Place of the transaction
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Outside a trading venue
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1
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Details of the person discharging managerial responsibilities /
person closely associated
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a)
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Name
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Nathalie Gerschtein
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2
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Reason for the notification
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a)
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Position/status
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President
North America
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b)
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Initial notification /Amendment
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Initial
Notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor
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a)
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Name
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Haleon
plc
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b)
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LEI
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549300PSB3WWEODCUP19
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4
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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 transactions have been
conducted
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a)
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Description of the financial instrument, type of
instrument
Identification
code
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Haleon plc American Depositary Shares (ADS)
US4055521003
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b)
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Nature of the transaction
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(i) Grant
of a conditional award under the Haleon plc Performance Share Plan
(Interim)
(ii) Grant
of a conditional award under the Haleon plc Share Value Plan
(Buyout)
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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(i)
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Nil
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244,400
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(ii)
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Nil
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405,911
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d)
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Aggregated information
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Aggregated volume
- Price
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650,311
Nil
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e)
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Date of the transaction
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4
September 2025
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f)
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Place of the transaction
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Outside a trading venue
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HALEON PLC
(Registrant)
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Date: September 05,
2025
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By:
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/s/
Amanda Mellor
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Name:
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Amanda
Mellor
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Title:
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Company
Secretary
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FAQ
What did Haleon (HLN) disclose in this Form 6-K about director awards?
When do the Performance Share Plan awards vest for Haleon?
Are the awarded shares subject to clawback at Haleon?
Where can I find the specific performance targets referenced in the filing?
Does the Form 6-K provide grant prices or monetary values for the awards?
