Hammerson Executives see Share Awards Vest, Sell a Portion for Tax Requirement

Hammerson PLC recently declared that select managerial personnel have had their share awards vest, an event marked by two key occurrences. The share awards, given under the Hammerson plc Restricted Share Scheme, were made over ordinary 5p shares in the company, culminating in a vesting event taking place in March 2025. The awards had been made several years prior, marking a significant milestone for the executives involved.

Following the vesting of the shares, a portion was promptly sold off. This move was made to cover the tax liability arising from the share awards. Despite this selling off of shares, a significant portion remains in the hands of the respective managers who were the recipients of the original awards.

The shares were sold at varying prices but maintained a significant volume, indicating the scale of the share awards initially conferred. These transactions were all conducted on the London Stock Exchange, maintaining a highly formal and regulated environment for these critical transactions.