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Smith & Nephew officer sells shares to pay tax

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SMITH & NEPHEW PLC (SNN) reports transactions in its US$0.20 ordinary shares by a person discharging managerial responsibilities following the vesting of equity awards on September 7, 2026 under the Smith & Nephew Global Share Plan 2020 and the Smith & Nephew Restricted Share Plan 2024.

Chief Strategy & Corporate Development Officer Ajay Dhankhar had awards vest and then sold a portion of the resulting shares on the London Stock Exchange to cover related tax liabilities, retaining the remaining shares.

Positive

  • None.

Negative

  • None.

Filing Explained

The filing quantifies tax sales and retained shares from two vested awards: 8,860 sold and 18,664 retained, plus 4,337 sold and 9,135 retained.

On September 7, 2026, the awards vested and shares were sold to cover related taxes; the disclosed result is a change in Chief Strategy & Corporate Development Officer Ajay Dhankhar’s holdings, with some shares sold and the remainder retained.

Under the Global Share Plan 2020, £10.433776 per share was reported for 27,524 shares, of which 8,860 were sold and 18,664 retained; under the Restricted Share Plan 2024, the same reported price applied to 13,472 shares, of which 4,337 were sold and 9,135 retained.

The Restricted Share Plan 2024 volume includes dividend-equivalent shares received on vested shares, so that disclosed volume includes more than the base restricted award alone.

Share price £10.433776 per share Price used for Global Share Plan 2020 transactions on September 7, 2026
Global Share Plan 2020 shares vested 27,524 shares Shares vested for Ajay Dhankhar on September 7, 2026
Global plan shares sold for tax 8,860 shares Portion of 2020 plan vested shares sold to cover tax liabilities
Global plan shares retained 18,664 shares Portion of 2020 plan vested shares retained by Ajay Dhankhar
Restricted Share Plan 2024 shares vested 13,472 shares Shares vested for Ajay Dhankhar on September 7, 2026
Restricted plan shares sold for tax 4,337 shares Portion of 2024 plan vested shares sold to cover tax liabilities
Restricted plan shares retained 9,135 shares Portion of 2024 plan vested shares retained by Ajay Dhankhar
Transaction date September 7, 2026 Date of all reported vesting and related sale transactions
Market Abuse Regulation regulatory
"This announcement is made in accordance with the UK 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.
PDMR regulatory
"Ajay Dhankhar (Chief Strategy & Corporate Development Officer) | PDMR"
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.
Smith & Nephew Global Share Plan 2020 financial
"VESTING OF SHARE AWARDS MADE UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020"
Smith & Nephew Restricted Share Plan 2024 financial
"VESTING OF RESTRICTED SHARE AWARDS MADE UNDER THE SMITH & NEPHEW RESTRICTED SHARE PLAN 2024"
dividend equivalent Shares financial
"The number of Shares acquired includes the dividend equivalent Shares"

FAQ

What insider share transactions did SMITH & NEPHEW PLC (SNN) disclose on this Form 6-K?

The company disclosed that equity awards vested for Chief Strategy & Corporate Development Officer Ajay Dhankhar on September 7, 2026, with portions of the resulting Smith & Nephew ordinary shares sold on the London Stock Exchange to cover tax liabilities and the rest retained.

How many Smith & Nephew (SNN) shares vested for Ajay Dhankhar under the 2020 Global Share Plan?

Under the Smith & Nephew Global Share Plan 2020, 27,524 shares vested for Ajay Dhankhar at a price of £10.433776 per share. Of these, 8,860 shares were sold to cover tax obligations and 18,664 shares were retained.

How many Smith & Nephew (SNN) restricted shares vested for Ajay Dhankhar under the 2024 plan?

Under the Smith & Nephew Restricted Share Plan 2024, 13,472 shares vested for Ajay Dhankhar at a price of £10.433776 per share. Of these, 4,337 shares were sold to meet tax liabilities and 9,135 shares were retained.

On what date did the reported Smith & Nephew (SNN) share transactions take place?

All reported transactions, including the vesting of awards under the 2020 Global Share Plan and the 2024 Restricted Share Plan and the related sales of shares for tax purposes, occurred on September 7, 2026 on the London Stock Exchange (XLON).

Were the Smith & Nephew (SNN) shares sold by the executive part of a single transaction?

Yes. For both the Global Share Plan 2020 and Restricted Share Plan 2024 awards, the company notes that each set of sales and retentions by Ajay Dhankhar is reported as a single transaction at a price of £10.433776 per share.

What regulatory framework governs these Smith & Nephew (SNN) disclosures?

The disclosure is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014 as it forms part of UK law via the European Union (Withdrawal) Act 2018), covering transactions by persons discharging managerial responsibilities and closely associated persons.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 
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
 
September 9, 2026
 
Commission File Number 001-14978
 
SMITH & NEPHEW plc
(Registrant’s name)
 
Building 5, Croxley Park, Hatters Lane
Watford, England, WD18 8YE
 (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           Form 40-F __
 
 
 
 
SMITH & NEPHEW PLC
 
9 September 2026
 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 
This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
 
On 7 September 2026, the Company received notification of the following transactions in US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") following the vesting of awards under the Smith & Nephew Global Share Plan 2020 and the Smith & Nephew Restricted Share Plan 2024.
 
1.   VESTING OF SHARE AWARDS MADE UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020
 
The awards vested on 7 September 2026 and a number of Shares were sold to cover taxation obligations arising on the vesting of the awards.
 
The following relates to individuals included in the below notification:
 
Reason for the notification
Initial notification /Amendment
Initial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name
Smith & Nephew plc
LEI
213800ZTMDN8S67S1H61
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
Description of the financial instrument, type of instrument
 
Smith & Nephew plc ordinary shares of USD 0.20 each
 
Identification code
ISIN: GB0009223206
Nature of the transaction
Vesting of Share awards under the Smith & Nephew Global Share Plan 2020 followed by the sale of shares to cover relevant tax liabilities.
Date of Transaction
7 September 2026
Place of Transaction
London Stock Exchange (XLON)
 
Name
(Position)
 
 
Status
 
Price (£)
 
Volume
 
Aggregated information
 
Ajay Dhankhar (Chief Strategy & Corporate Development Officer)
 
PDMR
 
10.433776
 
27,524 (of which 8,860 were sold and 18,664 retained)
 
N/A Single Transaction
 
 
 
2.   VESTING OF RESTRICTED SHARE AWARDS MADE UNDER THE SMITH & NEPHEW RESTRICTED SHARE PLAN 2024
 
The awards vested on 7 September 2026 and a number of Shares were sold to cover taxation obligations arising on the vesting of the awards. The number of Shares acquired includes the dividend equivalent Shares which participants receive on vested Shares.
 
The following relates to individuals included in the below notification:
 
Reason for the notification
Initial notification /Amendment
Initial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name
Smith & Nephew plc
LEI
213800ZTMDN8S67S1H61
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
Description of the financial instrument, type of instrument
 
Smith & Nephew plc ordinary shares of USD 0.20 each
 
Identification code
ISIN: GB0009223206
Nature of the transaction
Vesting of Restricted Share awards under the Smith & Nephew Restricted Share Plan 2024 followed by the sale of shares to cover relevant tax liabilities.
Date of Transaction
7 September 2026
Place of Transaction
London Stock Exchange (XLON)
 
Name
(Position)
 
 
Status
 
Price (£)
 
Volume
 
Aggregated information
 
Ajay Dhankhar (Chief Strategy & Corporate Development Officer)
 
PDMR
 
10.433776
 
13,472 (of which 4,337 were sold and 9,135 retained)
 
N/A Single Transaction
 
 
All figures in these columns are stated to 6 decimal places where applicable.
 
Philip Horner
Group Deputy Company Secretary
Smith & Nephew plc
 
Tel:  +44 (0)1923 477100
 
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.
 
 
 
 
 
 
Smith & Nephew plc
 
 
(Registrant)
 
 
 
 
 
 
Date: September 9, 2026
By:
/s/ Helen Barraclough
 
 
Helen Barraclough
 
 
Company Secretary
 

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