Executive share awards vest at Smith & Nephew (SNN) with tax-cover sale

Rhea-AI Filing Summary

Smith & Nephew plc reported the vesting of conditional share awards under its Global Share Plan 2020 for senior executive Rohit Kashyap. On 19 May 2026, Kashyap received 11,949 ordinary shares of US$0.20 each, listed on the London Stock Exchange.

Of these, 4,719 shares were sold to meet tax obligations at a price of £11.426512 per share, while 7,230 shares were retained. The transaction is disclosed as required for persons discharging managerial responsibilities under the UK Market Abuse Regulation.

Key Figures

Vested shares: 11,949 shares Shares sold for tax: 4,719 shares Shares retained: 7,230 shares +3 more

6 metrics

Vested shares 11,949 shares Conditional share awards vested on 19 May 2026

Shares sold for tax 4,719 shares Portion of vested shares sold to cover tax obligations

Shares retained 7,230 shares Remaining vested shares retained by Rohit Kashyap

Transaction price £11.426512 per share Price for single aggregated sale on London Stock Exchange

Share nominal value US$0.20 per share Ordinary share nominal value for Smith & Nephew plc

Transaction date 19 May 2026 Date of vesting and related tax-cover sale

Key Terms

persons discharging managerial responsibilities, UK Market Abuse Regulation, Global Share Plan 2020, conditional share awards, +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"

Global Share Plan 2020 financial

"VESTING OF CONDITIONAL SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2020"

conditional share awards financial

"Vesting of Conditional Share awards granted under the Smith & Nephew Global Share Plan 2020"

PDMR regulatory

"Rohit Kashyap ... | PDMR | 11.426512 | 11,949"

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.

Form 6-K: How Foreign Companies Report to the SEC →

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

May 20, 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

20 May 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).

VESTING OF CONDITIONAL SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2020

On 19 May 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.

All figures in these columns are stated to 6 decimal places where applicable.

A number of Shares were sold to cover taxation obligations arising on the vesting of the awards as detailed in the table below.

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 Conditional Share awards granted under the Smith & Nephew Global Share Plan 2020, and subsequent sale of shares to cover tax liability
Date of Transaction	2026 - 05 – 19
Place of Transaction	London Stock Exchange (XLON)

Name (Position)	Status	Price (£)	Volume	Aggregated information
Rohit Kashyap (President, Advanced Wound Management and Global Commercial Operations)	PDMR	11.426512	11,949 (of which 4,719 were sold and 7,230 were retained)	N/A Single Transaction

Philip Horner

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: May 20, 2026	By:	/s/ Helen Barraclough
		Helen Barraclough
		Company Secretary



FAQ

What does Smith & Nephew (SNN) disclose in this Form 6-K?

Smith & Nephew discloses the vesting of conditional share awards under its Global Share Plan 2020 for executive Rohit Kashyap, including shares sold to cover tax obligations and shares retained after vesting.

How many Smith & Nephew (SNN) shares vested for Rohit Kashyap?

Rohit Kashyap received 11,949 Smith & Nephew ordinary shares upon vesting of conditional awards. These shares were granted under the Global Share Plan 2020 as part of his compensation as President, Advanced Wound Management and Global Commercial Operations.

How many Smith & Nephew (SNN) shares were sold to cover taxes?

Out of the 11,949 vested shares, 4,719 Smith & Nephew shares were sold to cover tax liabilities. The remaining 7,230 shares were retained by Rohit Kashyap following the vesting transaction disclosed in this report.

At what price were Smith & Nephew (SNN) shares sold in this transaction?

The shares sold to cover tax liabilities were transacted at £11.426512 per Smith & Nephew share. This price reflects the value used in the single aggregated transaction reported on the London Stock Exchange for the vested award.

On which exchange did the Smith & Nephew (SNN) share transaction occur?

The transaction in Smith & Nephew ordinary shares took place on the London Stock Exchange (XLON). The filing identifies XLON as the venue for the sale of vested shares used to satisfy tax obligations.

Which regulation requires this Smith & Nephew (SNN) disclosure?

The disclosure is made under the UK Market Abuse Regulation, Regulation (EU) 596/2014 as retained in UK law. It applies to transactions by persons discharging managerial responsibilities, such as senior executives, and their closely associated persons.