- Pearson (PSO, Financial) has granted restricted shares under its 2025 Long-Term Incentive Plan (LTIP) to key executives.
- CEO Omar Abbosh and CFO Sally Johnson received shares equivalent to 450% and 300% of their salaries, respectively.
- Awarded shares will vest on May 1, 2028, with a two-year holding period until May 1, 2030.
Pearson plc (PSO) has announced the issuance of performance-related restricted shares as part of its 2025 Long-Term Incentive Plan (LTIP). The plan is aimed at aligning executive compensation with long-term company performance. Under the LTIP, CEO Omar Abbosh has been awarded 394,155 restricted shares, representing 450% of his annual salary, while CFO Sally Johnson has been granted 159,411 shares, equivalent to 300% of her salary. Both awards are calculated based on a share price of £11.668, determined using the average mid-market closing price over the five trading days leading up to April 30, 2025.
The restricted shares awarded to these executives will vest on May 1, 2028, contingent upon meeting specified performance conditions. Following this, they will be subject to an additional holding period lasting until May 1, 2030, ensuring alignment with long-term company interests. The LTIP awards also include dividend equivalent payments, potentially enhancing the returns for the recipients.
The Pearson Remuneration Committee retains the discretion to adjust payouts based on company performance and exceptional factors, thus ensuring alignment with shareholder interests. This framework was approved by shareholders at the 2023 Annual General Meeting and complies with the UK Market Abuse Regulation.
