0001654954-22-002694.txt : 20220308 0001654954-22-002694.hdr.sgml : 20220308 20220308132750 ACCESSION NUMBER: 0001654954-22-002694 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220308 FILED AS OF DATE: 20220308 DATE AS OF CHANGE: 20220308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lloyds Banking Group plc CENTRAL INDEX KEY: 0001160106 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15246 FILM NUMBER: 22721115 BUSINESS ADDRESS: STREET 1: 25 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7HN BUSINESS PHONE: 44 0 20 7626 1500 MAIL ADDRESS: STREET 1: 25 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7HN FORMER COMPANY: FORMER CONFORMED NAME: LLOYDS TSB GROUP PLC DATE OF NAME CHANGE: 20010926 6-K 1 a0705e.htm DIRECTOR/PDMR SHAREHOLDING a0705e
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
 
 
FORM 6-K
 
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
 
08 March 2022
LLOYDS BANKING GROUP plc
(Translation of registrant's name into English)
 
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
 
 
(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..X..     Form 40-F 
 
 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes         No ..X..
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
 
 
Index to Exhibits
 
 
 
 
Item
  
 No. 1 Regulatory News Service Announcement, dated 08 March 2022
         re: Director/PDMR Shareholding
 
 
 
LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')
 
The Group announces that the awards described below were made on 4 March 2022 and that the release of awards described below occurred on 7 March 2022. 
 
This announcement should be read in conjunction with the disclosures in the 2021 Annual Report and Accounts published on 24 February 2022. The 2021 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com.
 
2021 Group Performance Share Awards
In line with requirements of the PRA Rulebook and FCA Remuneration Code, a maximum of 40 per cent of any variable remuneration awarded to Executive Directors and other members of the Group Executive Committee will be paid in 2022 (subject to applicable holding requirements), with the remaining 60 per cent required to be deferred.
                                                                                                                      
Therefore for the Executive Directors and Group Executive Committee 40 per cent of the 2021 Group Performance Share awards is delivered upfront, half of which is delivered as an immediately vested Share award, with Shares subject to a holding period until March 2023, and with the other half paid in cash (with £2,000 paid in March and the balance paid in June 2022).  The remaining 60 per cent of the award is deferred, half into a deferred Share award and half into a deferred cash award.  Of the 60 per cent of the award deferred, 40 per cent of the award vests in 2023 and 20 per cent of the award vests in 2024 (subject to any longer deferrals required by the applicable remuneration codes).
 
Name
Number of Shares 
Awarded in March 2022(1)
Net number of Shares Vested immediately (subject to a one year holding period)(2)
 
Charlie Nunn
370,691
78,586
 
William Chalmers
749,173
158,824
 
Dave Gledhill
128,107
29,720
 
Antonio Lorenzo
490,118
103,904
 
Vim Maru
512,616
108,674
 
David Oldfield
490,118
103,904
 
Janet Pope
267,078
56,619
 
Stephen Shelley
427,377
90,603
 
Andrew Walton
303,476
64,336
 
 
1 Based on a Share price of 47.027 pence, being the average of the closing Share price of the five trading days prior to the date of award. This is the maximum number of Shares under award, which will be subject to income tax and national insurance contributions on vesting.
2 Net number, after settlement of income tax and national insurance contributions, vesting immediately, then subject to a one year holding period.
 
Long Term Share Plan - 2022 awards
Awards for the 2021 performance period were made on 4 March 2022 under the rules of the Long Term Share Plan. The Long Term Share Plan is subject to underpin thresholds applicable for the first three years from grant, with vesting spread between the third and seventh anniversary of the award for Executive Directors, PDMRs and other senior colleagues in line with regulatory requirements.  No awards vest earlier than the third anniversary.
 
Name
Maximum number of Shares awarded(1)(2)
Expected
value(3)
Charlie Nunn
3,588,364
£1,687,500
William Chalmers
2,586,292
£1,216,256
Dave Gledhill
1,912,775
£899,521
Antonio Lorenzo
2,095,377
£985,393
Vim Maru
2,095,377
£985,393
David Oldfield
2,095,377
£985,393
Janet Pope
1,189,520
£559,396
Stephen Shelley
1,912,775
£899,521
Andrew Walton
1,220,043
£573,750
 
1
Based on a share price of 47.027 pence, which is determined by the average of the closing share price of the five trading days prior to the date of award.
2
The awards will be subject to the delivery of underpins over three years ending 31 December 2024.
3
The values for the Long Term Share Plan awards are shown at full value and before deduction of income tax and NIC. The actual vesting value is subject to the delivery of the underpins and the share price at the date of vesting.
 
Release of the Deferred Group Performance Share Awards
Deferred Group Performance Share Awards were released on 7 March 2022 which related to performance in 2019.
 
In accordance with the Group's deferral policy, subject to any longer deferral required by regulatory requirements, for the 2019 awards Shares subject to deferral are released over a period of two years in March of each year.  50 per cent of the gross number of Shares subject to the 2019 Group Performance Share Award are subject to a holding period on release ending March 2023.
 
In this respect, the Group announces that on 7 March 2022, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received (for no payment) the number of Shares as set out by their name.
 
Name
2019 GPS
No holding period
2019 GPS
Subject to holding period
William Chalmers
20,964
20,966
Antonio Lorenzo
18,192
18,192
Vim Maru
22,128
22,130
Janet Pope
12,441
12,442
Stephen Shelley
16,321
16,322
Andrew Walton
16,908
16,910
 
In addition, a tranche of a Deferred Group Performance Share Award which related to performance in 2017 held by Antonio Lorenzo was also released on 7 March 2022, in respect of, after settlement of income tax and national insurance contributions, 15,753 Shares.
 
Release of Group Ownership Share Awards
The Exec GOS awards which related to performance in 2017 and 2018 were also partially released on 7 March 2022.  In respect of the portion of these awards that were released, the Group announces that on 7 March 2022, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received (for no payment) the number of Shares as set out by their name.
 
Executive Directors and Material Risk Takers (as identified at the time of the award) are required to retain any Shares vesting under the 2018 Exec GOS awards during a holding period of 12 months, and the Shares received on vesting of the third tranche of the 2017 Exec GOS are subject to a six month holding period.
 
Name
2017 Exec GOS1,2
Third Tranche
2018 Exec GOS1
Second Tranche
Antonio Lorenzo
199,451
134,287
Vim Maru
148,518
128,349
David Oldfield
181,573
134,287
Janet Pope
36,971
61,110
Stephen Shelley
69,835
82,599
 
In addition, a portion of the Exec GOS which related to performance in 20191 held by Andrew Walton was also released on 7 March 2022, in respect of, after settlement of income tax and national insurance contributions, 74,733 Shares. These shares are subject to a two year holding period.
 
1         As previously disclosed, the 2017 Exec GOS vested as to performance at 49.7%, the 2018 Exec GOS vested as to performance at 33.75% and the 2019 Exec GOS vested as to performance at 41.8%.
2           Including Shares in respect of dividend equivalents.
 
Exercise of options to acquire Shares
William Chalmers acquired 686,085 Shares, following the exercise of a share buy out award (for nil consideration) on 7 March 2022. The details of the share buy out award were announced in June 2019 at the time of the award. William Chalmers retained all the Shares apart from 322,702 Shares which were sold at a price of 41.825 pence per Share to meet income tax and National Insurance Contributions.
 
 
 
 
ENQUIRIES:
 
Investor Relations
Douglas Radcliffe
Group Investor Relations Director
Email: douglas.radcliffe@lloydsbanking.com
 
Group Corporate Affairs
Matt Smith
Head of Media Relations
Email: matt.smith@lloydsbanking.com
 
+44 (0) 20 7356 1571
 
 
 
 
 
+44 (0) 20 7356 3522
 
 
 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Charlie Nunn
2
Reason for the notification
 
a)
Position/status
 
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
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
370,691
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
78,586
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
3,588,364
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
f)
Place of the transaction
Outside a trading venue
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
William Chalmers
2
Reason for the notification
 
a)
Position/status
 
Chief Financial Officer
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
749,173
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
158,824
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
2,586,292
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2019 Deferred Group Performance Share (GPS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
41,930
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Acquisition of Shares following the exercise of a share award.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
686,085
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Disposal of Shares acquired following the exercise of a share award to meet income tax and NICs due.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.41825
322,702
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
f)
Place of the transaction
London Stock Exchange (XLON)
 
 
 
 
 
 
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Dave Gledhill
2
Reason for the notification
 
a)
Position/status
 
Group Chief Operating Officer
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
128,107
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
29,720
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
1,912,775
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
f)
Place of the transaction
Outside a trading venue
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Antonio Lorenzo
2
Reason for the notification
 
a)
Position/status
 
Chief Executive, Scottish Widows and Group Director, Insurance and Wealth
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
490,118
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
103,904
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
2,095,377
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2017 and 2019 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Deferred Bonus Plan (2017)
 
GBP00.0000
15,753
 
Deferred Bonus Plan (2019)
 
GBP00.0000
36,384
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
52,137
 
GBP00.0000
 
 
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of Group Ownership Share (GOS) Award(s) on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2017 GOS
 
GBP00.0000
199,451
 
2018 GOS
 
GBP00.0000
134,287
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
333,738
 
GBP00.0000
 
 
e)
Date of the transaction
 
2022-03-07
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Vim Maru
 
2
Reason for the notification
 
a)
Position/status
 
Group Director, Retail
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
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
 
Identification code
 
Ordinary Shares of 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
512,616
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
108,674
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
2,095,377
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2019 Deferred Group Performance Share (GPS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
44,258
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of Group Ownership Share (GOS) Award(s) on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2017 GOS
 
GBP00.0000
148,518
 
2018 GOS
 
GBP00.0000
128,349
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
276,867
 
GBP00.0000
 
 
e)
Date of the transaction
 
2022-03-07
f)
Place of the transaction
Outside a trading venue
 
 
 
 
 
 
 
 
 
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
David Oldfield
 
2
Reason for the notification
 
a)
Position/status
 
Group Director, Commercial Banking
                          
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
490,118
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
103,904
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
2,095,377
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of Group Ownership Share (GOS) Award(s) on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2017 GOS
 
GBP00.0000
181,573
 
2018 GOS
 
GBP00.0000
134,287
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
315,860
 
GBP00.0000
 
 
e)
Date of the transaction
 
2022-03-07
f)
Place of the transaction
Outside a trading venue
 
 
 
 
 
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
 
a)
Name
 
Janet Pope
 
 
2
Reason for the notification
 
 
a)
Position/status
 
Chief of Staff and Group Director, Responsible Business & Inclusion
 
b)
Initial notification / Amendment
 
Initial Notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
 
a)
Name
 
Lloyds Banking Group plc
 
b)
LEI
 
549300PPXHEU2JF0AM85
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
 
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
 
GBP00.0000
267,078
 
 
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
 
e)
Date of the transaction
 
2022-03-04
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
 
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
56,619
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
 
e)
Date of the transaction
 
2022-03-07
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
 
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
 
GBP00.0000
1,189,520
 
 
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
 
e)
Date of the transaction
 
2022-03-04
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
 
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2019 Deferred Group Performance Share (GPS) Award on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
 
GBP00.0000
24,883
 
 
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
 
e)
Date of the transaction
 
2022-03-07
 
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
 
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of Group Ownership Share (GOS) Award(s) on a net of income tax and national insurance contributions (NICs) basis.
 
c)
Price(s) and volume(s)
 
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
2017 GOS
 
GBP00.0000
36,971
 
 
2018 GOS
 
GBP00.0000
61,110
 
 
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
98,081
 
GBP00.0000
 
 
 
e)
Date of the transaction
 
2022-03-07
 
f)
Place of the transaction
Outside a trading venue
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Stephen Shelley
 
2
Reason for the notification
 
a)
Position/status
 
Chief Risk Officer
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
427,377
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
90,603
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
1,912,775
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2019 Deferred Group Performance Share (GPS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
32,643
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of Group Ownership Share (GOS) Award(s) on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2017 GOS
 
GBP00.0000
69,835
 
2018 GOS
 
GBP00.0000
82,599
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
152,434
 
GBP00.0000
 
 
e)
Date of the transaction
 
2022-03-07
f)
Place of the transaction
Outside a trading venue
 
 
 
 
 
 
 
 
 
 
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Andrew Walton
2
Reason for the notification
 
a)
Position/status
 
Group Corporate Affairs Director
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the 2021 Group Performance Share Award.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
303,476
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2021 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
64,336
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under Long Term Share Plan - 2022 awards.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
1,220,043
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-04
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of the 2019 Deferred Group Performance Share (GPS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
 
 
GBP00.0000
33,818
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
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
 
Identification code
 
Ordinary Shares of 10p each
 
GB0008706128
b)
Nature of the transaction
 
 
Shares acquired in respect of the vesting of 2019 Group Ownership Share (GOS) Award(s) on a net of income tax and national insurance contributions (NICs) basis.
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
2019 GOS
 
GBP00.0000
74,733
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
N/A (single transaction)
e)
Date of the transaction
 
2022-03-07
f)
Place of the transaction
Outside a trading venue
 
 
 
 
 
 
 
 
 
 
 
 
 
 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.

 
LLOYDS BANKING GROUP plc
 (Registrant)
 
 
 
 
By: Douglas Radcliffe
Name: Douglas Radcliffe
Title: Group Investor Relations Director
 
Date: 08 March 2022