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WPP plc 6-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

WPP plc

Filing date:

03/14/2025

TLDR:

WPP plc announced executive performance share awards to its CEO, CFO, COO, and other senior executives, with vesting dependent on the company’s performance over a three-year period.

ELI5:

WPP gave its top executives a chance to earn shares in the company based on how well the company performs over the next three years. The better the company does, the more shares the executives will receive in 2028.

Accession #:

0001654954-25-002765

Published on

Analyst Summary

  • Executive performance share awards were granted on March 12, 2025, to key executives including Mark Read (CEO), Joanne Wilson (CFO), and Andrew Scott (COO).
  • The number of shares awarded to Mark Read, Joanne Wilson, and Andrew Scott were 714,432, 361,617, and 354,480, respectively.
  • The awards are in the form of nil-cost options or conditional awards of performance shares, exercisable over WPP shares or ADRs.
  • Vesting of the awards in 2028 is contingent upon WPP’s performance between January 1, 2025, and December 31, 2027, based on three equally weighted measures: average Return on Invested Capital (ROIC), cumulative Adjusted Free Cash Flow (AFCF), and relative Total Shareholder Return (TSR).
  • Threshold performance results in 20% vesting, increasing linearly to 100% for maximum performance.
  • Awards to Executive Directors are subject to an additional two-year post-vesting holding period.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️