BP p.l.c. (BP.) has published a regulatory notification disclosing the vesting of restricted share units for three persons discharging managerial responsibilities (PDMRs) under the bp Restricted Share Plan II. The transactions, dated 6 November 2026, involved ordinary shares of $0.25 each vesting at nil consideration, with a disclosed market value of £5.58 per share. The disclosure was made in fulfilment of obligations under Article 19 of the Market Abuse Regulation, as required for directors and senior executives of listed companies.

Key Points

  • BP p.l.c. (BP.) — global integrated energy company listed on the London Stock Exchange
  • Three executive vice presidents received vesting of restricted share units under the bp Restricted Share Plan II on 6 November 2026
  • Combined shares vested across all three executives totalled 67,277 ordinary shares at a market value of £5.58 per share
  • Investors may watch whether further PDMR vesting notifications follow under the same plan in the near term

Three BP Executive Vice Presidents Named in 6 November Vesting Notification

The announcement identifies three senior BP executives whose restricted share units vested on 6 November 2026. Sam Skerry, EVP supply, trading and shipping, received 15,041 ordinary shares with a market value of £83,928.78. Emeka Emembolu, EVP technology, and Sonya Adams, EVP people and culture and Chief Human Resources Officer, each received 26,118 ordinary shares, each tranche carrying a market value of £145,738.44. All three transactions were conducted outside a trading venue and are described as initial notifications under the Market Abuse Regulation disclosure framework.

BP Restricted Share Plan II: Nil-Cost Vesting After Tax and Dividend Adjustments

All three share vestings occurred pursuant to the bp Restricted Share Plan II, a long-term incentive arrangement under which shares are awarded to senior employees and vest subject to continued service and other conditions. The shares vested at nil consideration — meaning no cash was paid by the recipients — with figures reflecting adjustments for tax, dividends, and expenses as stated in the announcement. The market value applied across all transactions was £5.58 per ordinary share, which carries an ISIN identification code of GB0007980591 and a nominal value of $0.25 per share.

Total Market Value of Vested Shares Across All Three Executives

Combining the disclosed figures from the announcement, Sam Skerry's vesting was valued at £83,928.78, whilst both Emeka Emembolu and Sonya Adams each received tranches valued at £145,738.44. The aggregate market value across all three PDMRs amounts to figures drawn directly from the company's disclosure; no additional calculation beyond what is stated in the announcement has been applied. BP is one of the world's largest integrated energy companies, with operations spanning oil and gas production, refining, trading, and low-carbon energy development across multiple international markets.

Article 19 MAR Obligations and Routine Nature of the Disclosure

BP stated explicitly that the notification was given in fulfilment of obligations under Article 19 of the Market Abuse Regulation, which requires listed companies to publicly disclose transactions by PDMRs and persons closely associated with them. Such disclosures are a standard regulatory requirement for UK-listed entities and do not, of themselves, indicate any change in company strategy, financial guidance, or operational outlook. Investors monitoring BP's executive remuneration structure may note the use of the Restricted Share Plan II as a component of long-term incentive arrangements for senior leadership.