WPP details CEO and CFO share vesting
WPP plc reported routine executive share transactions linked to incentive plans.
WPP plc reported routine executive share transactions linked to incentive plans. On 10 March 2026, Chief Executive Officer Cindy Rose received 88,271 ordinary shares through vesting of a 2022 Executive Performance Share Plan award, and 41,571 shares were automatically sold at £2.555 each to cover statutory withholding liabilities and costs. On the same date, Chief Financial Officer Joanne Wilson received 26,566 ordinary shares under the WPP Stock Plan 2018 and provided cash to the company for withholding liabilities, so she retained all vested shares. These transactions were notified under Article 19 of the Market Abuse Regulation.
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FAQ
What executive share transactions did WPP (WPP) disclose in March 2026?
WPP disclosed routine incentive-plan vesting for its CEO and CFO on 10 March 2026. Cindy Rose and Joanne Wilson received ordinary shares under long-term incentive plans, with part of Rose’s award sold to cover tax withholding obligations.
How many WPP (WPP) shares did CEO Cindy Rose receive and sell?
Cindy Rose received 88,271 WPP ordinary shares through vesting of a 2022 Executive Performance Share Plan award. Of these, 41,571 shares were automatically sold at £2.555 per share to cover statutory withholding liabilities and related costs, with the remainder retained.
What share award did CFO Joanne Wilson of WPP (WPP) receive?
Joanne Wilson received 26,566 WPP ordinary shares on 10 March 2026 under the WPP Stock Plan 2018. She paid cash to the company to settle withholding liabilities, allowing her to keep all shares from the vesting instead of selling any for taxes.
Were WPP (WPP) executive share sales part of a trading plan?
Yes. The 41,571 WPP ordinary shares sold for Cindy Rose were disposed of automatically under a trading plan. The sale was solely to cover statutory withholding liabilities and costs following the vesting of her conditional share award.
On which market were the WPP (WPP) executive share transactions conducted?
The reported WPP executive share transactions took place on the London Stock Exchange (XLON). Both the vesting-related acquisition for Cindy Rose and Joanne Wilson, and the automatic sale for Rose to cover tax withholding, are recorded as occurring on this exchange.
Why did WPP (WPP) publish these executive share dealings?
WPP published these executive share dealings to comply with Article 19 of the Market Abuse Regulation. This rule requires timely disclosure of transactions in company shares by persons discharging managerial responsibilities, such as the CEO and CFO, or their closely associated persons.
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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
For the Month of March 2026
Commission File Number: 001-38303
______________________
WPP plc
(Translation of registrant's name into English)
________________________
Sea Containers, 18 Upper Ground
London, United Kingdom SE1 9GL
(Address of principal executive offices)
_________________________
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 X Form 40-F
___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ___
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an
attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ___
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the
registrant’s “home country”), or under the rules
of the home country exchange on which the registrant’s
securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been
distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form
6-K submission or other Commission filing on EDGAR.
Forward-Looking Statements
The
Company may include forward-looking statements (including as
defined in the U.S. Private Securities Litigation Reform Act of
1995) in oral or written public statements issued by or on behalf
of the Company. These forward-looking statements may include, among
other things, plans, objectives, beliefs, intentions, strategies,
projections and anticipated future economic performance based on
assumptions and the like that are subject to risks and
uncertainties. These statements can be identified by the fact that
they do not relate strictly to historical or current facts. They
use words such as ‘aim’, ‘anticipate’,
‘believe’, ‘estimate’,
‘expect’, ‘forecast’,
‘guidance’, ‘intend’, ‘may’,
‘will’, ‘should’, ‘potential’,
‘possible’, ‘predict’,
‘project’, ‘plan’, ‘target’,
and other words and similar references to future periods but are
not the exclusive means of identifying such statements. As such,
all forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances that are beyond the
control of the Company. Actual results or outcomes may differ
materially from those discussed or implied in the forward-looking
statements. Therefore, you should not rely on such forward-looking
statements, which speak only as of the date they are made, as a
prediction of actual results or otherwise. Important factors which
may cause actual results to differ include but are not limited to:
the unanticipated loss of a material client or key personnel;
delays, suspensions or reductions in client advertising budgets;
shifts in industry rates of compensation; regulatory compliance
costs or litigation; changes in competitive factors in the
industries in which we operate and demand for our products and
services; changes in client advertising, marketing and corporate
communications requirements; our inability to realise the future
anticipated benefits of acquisitions; failure to realise our
assumptions regarding goodwill and indefinite lived intangible
assets; natural disasters or acts of terrorism; the Company’s
ability to attract new clients; the economic and geopolitical
impact of the conflicts in Ukraine and the Middle East; the risk of
global economic downturn; slower growth, increasing interest rates
and high and sustained inflation; tariffs and other trade barriers;
supply chain issues affecting the distribution of our
clients’ products; technological changes and risks to the
security of IT and operational infrastructure, systems, data and
information resulting from increased threat of cyber and other
attacks; effectively managing the risks, challenges and
efficiencies presented by using Artificial Intelligence (AI) and
Generative AI technologies and partnerships in our business; risks
related to our environmental, social and governance goals and
initiatives, including impacts from regulators and other
stakeholders, and the impact of factors outside of our control on
such goals and initiatives; the Company’s exposure to changes
in the values of other major currencies (because a substantial
portion of its revenues are derived and costs incurred outside of
the UK); and the overall level of economic activity in the
Company’s major markets (which varies depending on, among
other things, regional, national and international political and
economic conditions and government regulations in the world’s
advertising markets). In addition, you should consider the risks
described in Item 3D, captioned “Risk Factors” in the
Company’s most recent Annual Report on Form 20-F, which could
also cause actual results to differ from forward-looking
information. In light of these and other uncertainties, the
forward-looking statements included in this document should not be
regarded as a representation by the Company that the
Company’s plans and objectives will be achieved. Neither the
Company, nor any of its directors, officers or employees, provides
any representation, assurance or guarantee that the occurrence of
any events anticipated, expressed or implied in any forward-looking
statements will actually occur. Other than in accordance with its
legal or regulatory obligations (including under the Market Abuse
Regulation, the UK Listing Rules and the Disclosure and
Transparency Rules of the Financial Conduct Authority), the Company
undertakes no obligation to update or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
EXHIBIT INDEX
|
Exhibit
No.
|
Description
|
|
1
|
Vesting of Share Awards dated 11 March 2026, prepared by WPP
plc.
|
|
FOR IMMEDIATE RELEASE
|
11 March 2026
|
WPP plc ("WPP")
Vesting of Executive Directors' Share Awards
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibilities or their Connected Persons
The Company announces that the following persons discharging
managerial responsibilities transacted in ordinary shares of 10
pence each in the Company due to the vesting of a conditional share
award under the terms of the 2022 Executive Performance Share Plan
("EPSP") award and the WPP Stock Plan 2018
respectively.
|
Name of Executive Director
|
Total number of shares vested
|
Total number of shares sold to cover statutory withholding
liabilities
|
Date of transaction
|
|
Cindy
Rose
|
88,271
|
41,571
|
10
March 2026
|
|
Joanne
Wilson
|
26,566
|
01
|
10
March 2026
|
1 As permitted under the rules of
the WPP Stock Plan 2018 Joanne Wilson provided the Company with
cash funds equal to the withholding liabilities due on vesting and
therefore retained all the shares vesting.
|
1.
|
Details of PDMR/person closely associated with them
('PCA')
|
|
|
a)
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Name
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Cindy Rose
|
|
b)
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Position/status
|
Chief Executive Officer
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|
c)
|
Initial notification/amendment
|
Initial notification
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|
2.
|
Details of the issuer
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|
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a)
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Full name of the entity
|
WPP plc
|
|
b)
|
Legal Entity Identifier code
|
549300LSGBXPYHXGDT93
|
|
3.
|
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)
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Description of the financial instrument
|
Ordinary shares of 10 pence each ('Ordinary Shares')
ISIN: JE00B8KF9B49
|
|
Transaction 1
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||
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b)
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Nature of the transaction
|
Acquisition of ordinary shares following the vesting of a portion
of a conditional share award under the WPP 2022 Executive
Performance Share Plan
|
|
c)
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Price(s) and volume(s)
|
Volume: 88,271
Price: n/a
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
n/a
|
|
e)
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Date of the transaction
|
10 March 2026
|
|
f)
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Place of the transaction
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London Stock Exchange (XLON)
|
|
Transaction 2
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||
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b)
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Nature of the transaction
|
Automatic sale of ordinary shares pursuant to a trading plan to
cover statutory withholding liabilities and costs following the
vesting of a conditional share award under the WPP 2022 Executive
Performance Share Plan
|
|
c)
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Price(s) and volume(s)
|
Volume: 41,571
Price: £2.555
|
|
d)
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Aggregated information
-
Aggregated volume
-
Price
|
n/a (single transaction)
|
|
e)
|
Date of the transaction
|
10 March 2026
|
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|
1.
|
Details of PDMR/person closely associated with them
('PCA')
|
|
|
a)
|
Name
|
Joanne Wilson
|
|
b)
|
Position/status
|
Chief Financial Officer
|
|
c)
|
Initial notification/amendment
|
Initial notification
|
|
2.
|
Details of the issuer
|
|
|
a)
|
Full name of the entity
|
WPP plc
|
|
b)
|
Legal Entity Identifier code
|
549300LSGBXPYHXGDT93
|
|
3.
|
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
|
Ordinary shares of 10 pence each ('Ordinary Shares')
ISIN: JE00B8KF9B49
|
|
b)
|
Nature of the transaction
|
Acquisition of ordinary shares following the vesting of an award
made under the WPP Stock Plan 2018
|
|
c)
|
Price(s) and volume(s)
|
Volume: 26,566
Price: n/a
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
n/a
|
|
e)
|
Date of the transaction
|
10 March 2026
|
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
This notice is given in fulfilment of the obligation under Article
19 of the Market Abuse Regulation.
Balbir Kelly-Bisla
Group Company Secretary
Further information
Media: press@wpp.com
Investors: irteam@wpp.com
About WPP
WPP is the trusted growth partner for the world's leading brands.
We unite cutting-edge media intelligence and data solutions,
world-class creativity, next-generation production, transformative
enterprise solutions and expert strategic counsel in a single
company - powered by exceptional talent and our agentic marketing
platform, WPP Open, to help our clients navigate change, capture
opportunity and deliver transformational growth. For more
information, visit WPP.com
END
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.
|
|
WPP PLC
|
|
|
(Registrant)
|
|
Date:
11 March 2026.
|
By:
______________________
|
|
|
Balbir
Kelly-Bisla
|
|
|
Company
Secretary
|