EasyJet Executives Purchase Shares Under Employee Incentive Plan

On 11 April 2024, easyJet plc announced a significant transaction involving the purchase of ordinary shares by key personnel under the easyJet Share Incentive Plan. The plan allows for monthly salary deductions to be used for purchasing company shares, capped at £150 per employee. This system received approval from HM Revenue and Customs in the UK. Equiniti Share Plan Trustees Limited, acting as the Trustee for the plan, facilitated the purchase of shares for executives Stuart Birrell, Kenton Jarvis, David Morgan, and Garry Wilson on 10 April 2024.

Each share, priced at £5.86, was acquired to provide a structured ownership stake for these managerial professionals, strengthening their ties to the company’s financial and operational performance. This move demonstrates a commitment by easyJet’s leadership to align their interests with those of the company and its broader shareholder base. The plan exemplifies easyJet’s efforts to foster an ownership culture within its ranks and might signal confidence in the company’s future prospects. Transactions were carried out on the London Stock Exchange (XLON), indicating a transparent and regulatory-compliant process.