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Vodafone Group (VOD) reports PDMR share vesting and tax-driven sales

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Vodafone Group Plc reported that several Persons Discharging Managerial Responsibilities received vesting of conditional share awards under its Global Incentive Plan on 27 July 2026. CEO Margherita Della Valle vested 5,642,976 ordinary shares, and other senior executives, including the Group General Counsel, CTO, regional leaders and functional heads, also received awards subject to performance conditions approved by the Remuneration Committee.

On 28 July 2026, portions of these vested shares were sold on the London Stock Exchange at GBP 1.215413 per share to satisfy tax withholding obligations, including 2,658,846 shares sold for the CEO. Notifications were made in line with DTR 3.1.2-A and the Market Abuse Regulation.

Positive

  • None.

Negative

  • None.

Filing Explained

This Form 6-K records conditional award vesting for Vodafone PDMRs on July 27, 2026; for Shameel Joosub, 548,132 shares vested at nil price, and his notification lists no accompanying sale, unlike the tax-withholding sales disclosed for several others.

CEO shares vested 5,642,976 ordinary shares Conditional award vesting for CEO Margherita Della Valle on 2026-07-27 under Global Incentive Plan
CEO shares sold for tax 2,658,846 ordinary shares Shares sold on 2026-07-28 on London Stock Exchange to satisfy tax withholding obligations
Sale price per share GBP 1.215413 Price for PDMR share sales on the London Stock Exchange on 2026-07-28
CEO aggregated sale amount GBP 3,231,596 Aggregated price of 2,658,846 ordinary shares sold for the CEO on 2026-07-28
Vodafone mobile and broadband customers around 370 million Customers served across European and African telecoms operations
IoT connections over 240 million Connections on Vodafone’s global Internet of Things platform
Financial services customers around 103 million Customers using Vodafone financial services across eight African countries
Persons Discharging Managerial Responsibilities regulatory
"Vodafone announces that the following Persons Discharging Managerial Responsibilities acquired shares"
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.
Global Incentive Plan financial
"acquired shares under the Vodafone Global Incentive Plan"
Market Abuse Regulation regulatory
"notifications are made in accordance with DTR 3.1.2-A, incorporating article 19(1) 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.
tax withholding obligations financial
"Sale of shares on the London Stock Exchange to satisfy tax withholding obligations"

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FAQ

What executive share transactions did Vodafone Group (VOD) report?

Vodafone reported vesting and related sales of ordinary shares for multiple senior executives under its Global Incentive Plan. Awards vested on 27 July 2026, with some shares sold on 28 July 2026 mainly to satisfy tax withholding obligations on the London Stock Exchange.

How many Vodafone Group (VOD) shares vested for CEO Margherita Della Valle?

CEO Margherita Della Valle received a vesting of 5,642,976 ordinary shares under Vodafone’s Global Incentive Plan. The award vested on 27 July 2026 and was conditional on continued employment and performance conditions approved by the Remuneration Committee.

What Vodafone Group (VOD) share sales were made to cover tax withholding?

On 28 July 2026, several executives sold shares on the London Stock Exchange to satisfy tax withholding obligations. For the CEO, 2,658,846 shares were sold at GBP 1.215413 per share, with similar tax-related sales reported for other PDMRs.

Which Vodafone Group (VOD) executives were involved in these PDMR transactions?

Executives included Margherita Della Valle (CEO), Maaike de Bie (Group General Counsel and Company Secretary), Ahmed Essam, Shameel Joosub, Scott Petty, Joakim Reiter and Alberto Ripepi, each receiving share vestings and, in most cases, related tax-driven sales.

What type of shares were used in the Vodafone Group (VOD) incentive awards?

The awards involved ordinary shares of US$0.20 20/21 each in Vodafone Group Plc, identified by ISIN GB00BH4HKS39. These shares vested under the Global Incentive Plan and, for some executives, were partly sold on the London Stock Exchange.

Under what rules did Vodafone Group (VOD) report these PDMR dealings?

The transactions were notified in accordance with DTR 3.1.2-A, incorporating article 19(1) of the Market Abuse Regulation. This framework requires disclosure of dealings by Persons Discharging Managerial Responsibilities in the issuer’s securities.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
 
PURSUANT TO RULES 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
Dated July 30, 2026
 
Commission File Number: 001-10086
 
VODAFONE GROUP
PUBLIC LIMITED COMPANY
(Translation of registrant’s name into English)
 
 
VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND
(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 _
 
 
 
This Report on Form 6-K contains a Stock Exchange Announcement dated 30 July 2026 entitled Director/PDMR Shareholding.
 
30 July 2026 

Notification of Transactions of Persons Discharging Managerial Responsibilities
 
 
 
Vodafone Group Plc ("Vodafone") announces that the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired shares under the Vodafone Global Incentive Plan. The vesting of the share awards was conditional on continuing employment within the Vodafone Group and on the satisfaction of the performance conditions approved by the Remuneration Committee.
 
The following notifications are made in accordance with DTR 3.1.2-A, incorporating article 19(1) of the Market Abuse Regulation.
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Margherita Della Valle
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Vodafone Group Chief Executive
 
b)
 
Initial notification/ Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Vodafone Group Plc
 
b)
 
LEI
 
213800TB53ELEUKM7Q61
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Vesting of conditional award of shares subject to performance conditions under the Global Incentive Plan. 
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP nil
 
5,642,976
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares acquired: 5,642,976 Ordinary shares
 
Aggregated price of shares acquired: GBP nil
 
e)
 
Date of the transaction
 
2026-07-27
 
f)
 
Place of the transaction
 
Outside a trading venue
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Sale of shares on the London Stock Exchange to satisfy tax withholding obligations.
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
GBP 1.215413
 
2,658,846
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares sold: 2,658,846 Ordinary shares
 
Aggregated price of shares sold: GBP 3,231,596
 
e)
 
Date of the transaction
 
2026-07-28
 
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Maaike de Bie
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Group General Counsel and Company Secretary
 
b)
 
Initial notification/ Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Vodafone Group Plc
 
b)
 
LEI
 
213800TB53ELEUKM7Q61
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
  
Vesting of conditional award of shares subject to performance conditions under the Global Incentive Plan. 
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP nil
 
1,805,752
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares acquired: 1,805,752 Ordinary shares
 
Aggregated price of shares acquired: GBP nil
 
e)
 
Date of the transaction
 
2026-07-27
 
f)
 
Place of the transaction
 
Outside a trading venue
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Sale of shares on the London Stock Exchange to satisfy tax withholding obligations.
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP 1.215413
 
850,831
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares sold: 850,831 Ordinary shares
 
Aggregated price of shares sold: GBP 1,034,111
 
e)
 
Date of the transaction
 
2026-07-28
 
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Ahmed Essam
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Executive Chairman Vodafone Germany and CEO European Markets
 
b)
 
Initial notification/ Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Vodafone Group Plc
 
b)
 
LEI
 
213800TB53ELEUKM7Q61
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Vesting of conditional award of shares subject to performance conditions under the Global Incentive Plan.  
 
c)
 
 
Price(s) and volume(s)
 
 
Price(s)
 
Volume(s)
 
GBP nil
 
2,231,910
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares acquired: 2,231,910 Ordinary shares
 
Aggregated price of shares acquired: GBP nil
 
e)
 
Date of the transaction
 
2026-07-27
 
f)
 
Place of the transaction
 
Outside a trading venue
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Sale of shares on the London Stock Exchange to satisfy tax withholding obligations.
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP 1.215413
 
1,051,627
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares sold: 1,051,627 Ordinary shares
  
Aggregated price of shares sold: GBP 1,278,161
 
e)
 
Date of the transaction
 
2026-07-28
 
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Shameel Joosub
 
2
 
Reason for the notification
 
a)
 
Position/status
 
CEO Vodacom Group
 
b)
 
Initial notification/ Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Vodafone Group Plc
 
b)
 
LEI
 
213800TB53ELEUKM7Q61
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Vesting of conditional award of shares subject to performance conditions under the Global Incentive Plan.  
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP nil
 
548,132
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares acquired: 548,132 Ordinary shares
 
Aggregated price of shares acquired: GBP nil
 
e)
 
Date of the transaction
 
2026-07-27
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Scott Petty
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Vodafone Group Chief Technology Officer (CTO)
 
b)
 
Initial notification/ Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Vodafone Group Plc
 
b)
 
LEI
 
213800TB53ELEUKM7Q61
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Vesting of conditional award of shares subject to performance conditions under the Global Incentive Plan.  
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
  
GBP nil
 
1,805,752
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares acquired: 1,805,752 Ordinary shares
  
Aggregated price of shares acquired: GBP nil
 
e)
 
Date of the transaction
 
2026-07-27
 
f)
 
Place of the transaction
 
Outside a trading venue
 
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 and identification code
 
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Sale of shares on the London Stock Exchange to satisfy tax withholding obligations.
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP 1.215413
 
850,831
 
d)
 
 
  
Aggregated information
 
 
 
Aggregated volume of shares sold: 850,831 Ordinary shares
 
Aggregated price of shares sold: GBP 1,034,111
 
e)
 
Date of the transaction
 
2026-07-28
  
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
  
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Joakim Reiter
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief External and Corporate Affairs Officer
  
b)
 
Initial notification/ Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Vodafone Group Plc
 
b)
 
LEI
 
213800TB53ELEUKM7Q61
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
  
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Vesting of conditional award of shares subject to performance conditions under the Global Incentive Plan.  
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP nil
 
1,805,752
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares acquired: 1,805,752 Ordinary shares
  
Aggregated price of shares acquired: GBP nil
 
e)
 
Date of the transaction
 
2026-07-27
 
f)
 
Place of the transaction
 
Outside a trading venue
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
  
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Sale of shares on the London Stock Exchange to satisfy tax withholding obligations.
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP 1.215413
 
850,831
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares sold: 850,831 Ordinary shares
 
Aggregated price of shares sold: GBP 1,034,111
 
e)
 
Date of the transaction
 
2026-07-28
 
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Alberto Ripepi
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Group Chief Network Officer (CNO)
 
b)
 
Initial notification/ Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Vodafone Group Plc
 
b)
 
LEI
 
213800TB53ELEUKM7Q61
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
 
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Vesting of conditional award of shares subject to performance conditions under the Global Incentive Plan.  
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP nil
 
1,700,594
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares acquired: 1,700,594 Ordinary shares
 
Aggregated price of shares acquired: GBP nil
 
e)
 
Date of the transaction
 
2026-07-27
  
f)
 
Place of the transaction
 
Outside a trading venue
 
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 and identification code
 
 
 
Ordinary shares of US$0.20 20/21 each in Vodafone Group Plc
  
(ISIN: GB00BH4HKS39)
 
b)
 
Nature of the transaction
 
Sale of shares on the London Stock Exchange to satisfy tax withholding obligations.
 
c)
 
 
 
Price(s) and volume(s)
 
 
 
Price(s)
 
Volume(s)
 
GBP 1.215413
 
654,230
 
d)
 
 
 
Aggregated information
 
 
 
Aggregated volume of shares sold: 654,230 Ordinary shares
 
Aggregated price of shares sold: GBP 795,160
 
e)
 
Date of the transaction
 
2026-07-28
 
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
 
 - ends -
  
For more information, please contact:
 
Investor Relations:
 
vodafone.com
 
ir@vodafone.co.uk
 
Media Relations:
 
Vodafone.com/media/contact
 
GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679
 
About Vodafone Group
everyone.connected
 
Vodafone is a leading European and African telecoms company.
 
We serve around 370 million mobile and broadband customers, operating networks in 17 countries with investments in a further three and partners in over 40 more. We have capacity on more than 70 subsea cable systems - the backbone of the internet - and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across eight African countries - managing more transactions than any other provider.
 
From the seabed to the stars, Vodafone's mission is to connect everyone.
 
For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.
 
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 authorised.
 
 
 
VODAFONE GROUP
 
PUBLIC LIMITED COMPANY
 
(Registrant)
 
 
 
 
Date: July 30, 2026
By: /s/ M D B
 
Name: Maaike de Bie
 
Title: Group General Counsel and Company Secretary