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IHG (IHG) grants 2026–2028 deferred share awards to senior executives

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

Rhea-AI Filing Summary

InterContinental Hotels Group PLC has granted deferred share awards to several senior executives under its Deferred Award Plan for the 2026–2028 cycle. The Chief Executive Officer, Elie Maalouf, received conditional rights over 97,556 ordinary shares, and the Chief Financial Officer, Michael Glover, received 37,210 shares. Other recipients include regional CEOs and executive vice presidents with smaller awards. The number of shares for each award was calculated using a reference price of USD 148.55 per share. The awards are conditional and will vest on the business day after the announcement of results for the financial year ending 31 December 2028, subject to performance and other conditions, with a further two-year post-vest holding period applying to certain awards.

Positive

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Negative

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CEO deferred award 97,556 shares Conditional rights over free shares granted to CEO Elie Maalouf
CFO deferred award 37,210 shares Conditional rights over free shares granted to CFO Michael Glover
Daniel Aylmer award 6,969 shares Conditional rights over free shares under 2026–2028 cycle
Reference price USD 148.55 per share MMQ of IHG share price over five business days before grant
Cycle period end year 2028 Awards vest after results for financial year ending 31 December 2028
Post-vest holding period 2 years Further holding period for certain awards after vesting
Deferred Award Plan financial
"awards in respect of the following number of shares were granted under the Company's Deferred Award Plan for the 2026-2028"
Person Discharging Managerial Responsibility regulatory
"InterContinental Hotels Group PLC Person Discharging Managerial Responsibility ("PDMR") Shareholding"
Market Abuse Regulation regulatory
"This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation."
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
conditional rights financial
"Conditional rights over a total of 97,556 free shares; the number of shares calculated by reference to a price of USD 148.55"
MMQ financial
"calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant."
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington DC 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
 
 
For 14 May 2026
 
 
InterContinental Hotels Group PLC
(Registrant's name)
 
 
1 Windsor Dials, Arthur Road, Windsor, SL4 1RS, United Kingdom
(Address of principal executive offices)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
 
Form 20-F           Form 40-F
 
 
 
  
EXHIBIT INDEX
 
99.1
 
Director/PDMR Shareholding dated 14 May 2026
 
 
 
 
Exhibit No: 99.1
 
 
 
InterContinental Hotels Group PLC
 
Person Discharging Managerial Responsibility ("PDMR") Shareholding
 
InterContinental Hotels Group PLC (the "Company") announces that, on 13 May 2026, awards in respect of the following number of shares were granted under the Company's Deferred Award Plan for the 2026-2028 cycle:
 
 
Name of PDMR
 
Number of shares
Elie Maalouf
 
97,556
Michael Glover
 
37,210
Daniel Aylmer
 
6,969
Heather Balsley
 
10,945
Jolyon Bulley
 
16,549
Yasmin Diamond
 
9,220
Jolie Fleming
 
10,156
Nicolette Henfrey
 
10,384
Tejas Katre
 
7,578
Kenneth Macpherson
 
11,347
 
 
The transaction notification for each PDMR can be found below. This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
 

1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Elie Maalouf
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Officer
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
 Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 97,556 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions. A further post-vest holding period of two years also applies to this award.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Michael Glover
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Financial Officer
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 37,210 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions. A further post-vest holding period of two years also applies to this award.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Daniel Aylmer
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Officer, Greater China
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 6,969 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Heather Balsley
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Commercial & Marketing Officer
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 10,945 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Jolyon Bulley
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Officer, Americas
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 16,549 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Yasmin Diamond
2
 
Reason for the notification
 
a)
 
Position/status
 
Executive Vice President, Global Corporate Affairs
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 9,220 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Jolie Fleming
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Product & Technology Officer
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 10,156 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Nicolette Henfrey
2
 
Reason for the notification
 
a)
 
Position/status
 
Executive Vice President, General Counsel and Company Secretary
 
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 10,384 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Tejas Katre
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Human Resources Officer
 
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 7,578 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
1
 
Details of the person discharging managerial responsibilities / person closely associated
 
a)
 
Name
 
Kenneth Macpherson
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Officer, Europe, Middle East, Asia and Africa
 
b)
 
Initial notification /Amendment
 
Initial
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
InterContinental Hotels Group PLC
b)
 
LEI
 
2138007ZFQYRUSLU3J98
4
 
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
 
a)
 
Description of the financial instrument, type of instrument
 
Identification code
 
Ordinary Shares
 
GB00BHJYC057
b)
 
Nature of the transaction
 
 
Grant of share awards under the InterContinental Hotels Group PLC Deferred Award Plan for the 2026-2028 cycle
 
c)
 
Price(s) and volume(s)
 
 
Conditional rights over a total of 11,347 free shares; the number of shares calculated by reference to a price of USD 148.55, being the MMQ of the Company's share price for the 5 business days preceding the date of grant.
 
The award will vest on the business day after the announcement of the Company's results for the financial year ending 31 December 2028, subject to the satisfaction of conditions.
 
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
As noted in 4c above
 
As noted in 4c above
 
e)
 
Date of the transaction
 
2026-05-13
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
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 authorized.
 
 
 
InterContinental Hotels Group PLC
 
 
(Registrant)
 
 
 
 
By:
/s/ C. Bates
 
Name:
C. BATES
 
Title:
SENIOR ASSISTANT COMPANY SECRETARY
 
 
 
 
Date:
14 May 2026
 
 

FAQ

What did InterContinental Hotels Group (IHG) disclose in this 6-K?

InterContinental Hotels Group disclosed grants of deferred share awards to several senior executives under its 2026–2028 Deferred Award Plan, detailing the number of conditional shares awarded and the vesting and holding conditions attached to these equity incentives.

How many deferred shares were granted to IHG’s CEO Elie Maalouf?

IHG’s CEO Elie Maalouf received conditional rights over 97,556 ordinary shares. These are granted under the 2026–2028 Deferred Award Plan and will only vest after results for the year ending 31 December 2028 are announced, subject to specified conditions.

What award did IHG’s CFO Michael Glover receive under the 2026–2028 plan?

CFO Michael Glover was granted conditional rights over 37,210 ordinary shares. The award was valued using a reference share price of USD 148.55 and is scheduled to vest after IHG announces results for the financial year ending 31 December 2028, subject to conditions.

How was the number of shares determined for IHG’s deferred awards?

The number of shares for each executive’s award was calculated using a reference price of USD 148.55 per share, described as the MMQ of IHG’s share price over the five business days before the grant date, ensuring a market-linked valuation basis.

When will the IHG deferred share awards for 2026–2028 vest?

The deferred share awards are scheduled to vest on the business day after IHG announces its results for the financial year ending 31 December 2028. Vesting is subject to satisfaction of the plan’s conditions, with some awards also having a further two-year holding period.

Which other IHG executives received deferred share awards in this filing?

Other recipients include Daniel Aylmer, Heather Balsley, Jolyon Bulley, Yasmin Diamond, Jolie Fleming, Nicolette Henfrey, Tejas Katre and Kenneth Macpherson, each receiving conditional rights over varying numbers of ordinary shares under the 2026–2028 Deferred Award Plan.