LONDON - Focusrite PLC (AIM:TUNE), a global music and audio products company known for its Focusrite and Novation brands, has awarded shares to two of its top executives as part of its annual bonus scheme for the financial year 2024. The transactions took place on Wednesday, involving Group CEO Tim Carroll and Group CFO Sally McKone, both considered Persons Discharging Managerial Responsibilities (PDMRs).
The awards were part of the company's discretionary bonus plan, with each executive choosing to convert a portion of their bonus into company shares. Additionally, they received an equal number of shares on a 1:1 basis. As a result, Carroll acquired 4,000 shares, with 2,120 transferred to him and 1,880 designated to cover his income tax and national insurance liabilities. McKone received 27,167 shares, with 14,398 transferred to her and 12,769 allotted for her tax and national insurance obligations.
Following these transactions, Carroll's holding in Focusrite amounts to 102,952 ordinary shares, representing 0.17% of the company's total issued share capital. McKone's stake has reached 48,928 ordinary shares, equating to 0.08% of the total shares.
The shares cannot be sold, transferred, or disposed of by the PDMRs for a period of two years, as per the company's policy.
These dealings are disclosed in accordance with the Market Abuse Regulation (EU) No 596/2014, ensuring transparency in the financial activities of the company's management.
This report is based on a press release statement by Focusrite PLC and is intended to provide shareholders and the market with relevant information regarding the company's executive share dealings.
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