RELX (RELX) awards conditional LTIP share grants to top executives
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
RELX PLC reported routine executive share awards following shareholder approval of its 2026 directors’ remuneration policy. Executive Directors received additional conditional awards for the 2026–2028 cycle under the RELX PLC Long Term Incentive Plan 2023, with no change to their existing shareholdings.
Chief Executive Erik Engstrom received a conditional award over 96,254 Ordinary Shares, and Chief Financial Officer Nick Luff received a conditional award over 32,233 Ordinary Shares. There is no price payable on grant or vesting, and vesting depends on performance conditions over a three-year period.
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Key Figures
Engstrom LTIP award: 96,254 Ordinary Shares
Luff LTIP award: 32,233 Ordinary Shares
Award price: Nil
+2 more
5 metrics
Engstrom LTIP award
96,254 Ordinary Shares
Conditional award under RELX PLC Long Term Incentive Plan 2023
Luff LTIP award
32,233 Ordinary Shares
Conditional award under RELX PLC Long Term Incentive Plan 2023
Award price
Nil
No price payable on grant or vesting of awards
Vesting period
Three years
Performance conditions measured over a three-year period
Transaction date
2026-04-27
Date of LTIP conditional awards
Key Terms
Long Term Incentive Plan 2023, PDMR, conditional award, performance conditions, +1 more
5 terms
Long Term Incentive Plan 2023 financial
"conditional award over Ordinary Shares under the RELX PLC Long Term Incentive Plan 2023"
PDMR financial
"Details of the person discharging managerial responsibilities / person closely associated"
A PDMR (person discharging managerial responsibilities) is an individual who can shape a company’s strategy or finances—typically senior executives, board members, or close advisors with decision-making authority. Investors care because PDMRs often hold material, non‑public information and their buying or selling of shares must be reported; monitoring those disclosures is like watching a ship’s captain to read the likely course and spot possible insider risk.
conditional award financial
"Grant of a conditional award over Ordinary Shares under the RELX PLC Long Term Incentive Plan 2023"
A conditional award is a promise to give securities or pay compensation that only becomes real if specified conditions are met, such as performance targets, continued employment, regulatory or shareholder approval, or achievement of milestones. For investors, these awards matter because they can increase the number of shares outstanding and company expenses if the conditions are satisfied, and they reveal how management is being incentivized to reach certain goals—like a gift that only arrives once the recipient clears a set of tasks.
performance conditions financial
"Vesting is subject to the achievement of performance conditions over a three-year period"
FAQ
What are the key terms of RELX (RELX) 2026–2028 LTIP awards?
The LTIP awards are conditional and performance-based. They are granted over RELX Ordinary Shares with no price payable on grant or vesting, and they will only vest if specified performance conditions are achieved over a three-year period tied to the 2026–2028 cycle.