Smith & Nephew (NYSE: SNN) execs add ADS via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Smith & Nephew plc reported routine share purchases by its Chief Executive Officer and senior managers through an employee plan linked to dividend reinvestment. The Company’s Employee Stock Purchase Plan bought American Depositary Shares (ADS) under the Dividend Re-Investment Plan following the 2025 final dividend paid on 27 May 2026.
On 3 June 2026, ADS in Smith & Nephew plc were acquired on the New York Stock Exchange at a price of $29.8328 per ADS. Participants included CEO Deepak Nath, the Chief Quality & Regulatory Affairs Officer, the President of Global Operations, and the President of Sports Medicine.
Positive
- None.
Negative
- None.
Key Figures
ADS purchase price: $29.8328 per ADS
CEO ADS acquired: 52.17441 ADS
CQRA Officer ADS acquired: 22.19261 ADS
+4 more
7 metrics
ADS purchase price
$29.8328 per ADS
Smith & Nephew ADS bought on 3 June 2026
CEO ADS acquired
52.17441 ADS
Deepak Nath purchase via DRIP/ESPP
CQRA Officer ADS acquired
22.19261 ADS
Mizanu Kebede purchase at $29.8328
President Global Operations ADS acquired
52.00997 ADS
Paul Connolly purchase at $29.8328
President Sports Medicine ADS acquired
57.56604 ADS
Scott Schaffner purchase at $29.8328
Transaction date
3 June 2026
Date ADS transactions were conducted on NYSE
Dividend payment date
27 May 2026
2025 final dividend triggering DRIP purchases
Key Terms
Persons Discharging Managerial Responsibilities, UK Market Abuse Regulation, American Depositary Shares, Dividend Re-Investment Plan, +1 more
5 terms
Persons Discharging Managerial Responsibilities regulatory
"NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES"
Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.
UK Market Abuse Regulation regulatory
"This announcement is made in accordance with the UK Market Abuse Regulation"
Dividend Re-Investment Plan financial
"purchased American Depository Shares through the Company's Dividend Re-Investment Plan"
Employee Stock Purchase Plan financial
"participants of the Company's Employee Stock Purchase Plan, which purchased American Depository Shares"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
How were the Smith & Nephew (SNN) ADS purchases funded in this disclosure?
The ADS purchases were funded through Smith & Nephew’s Dividend Re-Investment Plan following the 2025 final dividend. Executives participated via the Employee Stock Purchase Plan, which automatically reinvested dividend proceeds into additional American Depositary Shares rather than paying cash to participants.
Which Smith & Nephew (SNN) executives acquired ADS and at what price?
CEO Deepak Nath, Chief Quality & Regulatory Affairs Officer Mizanu Kebede, President Global Operations Paul Connolly, and President Sports Medicine Scott Schaffner all acquired ADS. Each transaction was executed at a price of $29.8328 per American Depositary Share on 3 June 2026.
How many Smith & Nephew (SNN) ADS did CEO Deepak Nath acquire?
CEO Deepak Nath acquired 52.17441 Smith & Nephew American Depositary Shares under the employee plan. These ADS were purchased at $29.8328 each through the Company’s Dividend Re-Investment Plan, following payment of the 2025 final dividend on 27 May 2026.
What regulatory framework governs this Smith & Nephew (SNN) transaction disclosure?
The disclosure is made under the UK Market Abuse Regulation, Regulation (EU) 596/2014 as retained in UK law. This framework requires Smith & Nephew to report transactions by persons discharging managerial responsibilities and closely associated persons in its securities, including American Depositary Shares.