WPP has awarded its Chief Executive Officer Cindy Rose a conditional grant of 1,137,233 shares under the company’s 2022 Executive Performance Share Plan, according to a regulatory filing on Tuesday.
The award, made on September 8, is structured as compensation for incentives Rose forfeited upon leaving her previous employer. The shares will vest in multiple tranches between December 1, 2025, and September 1, 2030, subject to her continued employment with WPP.
In its statement, the advertising and communications group said the grant was in line with its Directors’ Compensation Policy, ensuring competitive and fair remuneration for senior leadership. The number of shares was determined based on the average mid-market closing price of WPP’s ordinary shares on the London Stock Exchange over the three months preceding the award.
The transaction was disclosed in compliance with the Market Abuse Regulation (MAR), which requires companies to report dealings involving persons discharging managerial responsibilities (PDMRs).
WPP, which positions itself as a “creative transformation company,” emphasized that the arrangement supports leadership stability as Rose steers the group through its next phase of strategic growth.
