Rio Tinto PLC (RIO), the global mining giant dual-listed on the London Stock Exchange and Australian Securities Exchange, has disclosed share dealings by several persons discharging managerial responsibility (PDMRs) under its employee share schemes. The transactions, which took place on 19 October 2026, cover vesting and new purchases under both the Global Employee Share Plan (myShare) and the UK Share Plan (UKSP). The announcement reflects routine activity under long-running incentive structures, though investor scrutiny of PDMR dealings at major miners remains consistently high given their signalling potential on executive confidence.

Key Points

  • Rio Tinto PLC (RIO) — dual-listed global mining company registered in England (No. 719885)
  • PDMRs Peter Cunningham, Katie Jackson, and Jérôme Pécresse participated in myShare purchases on 19 October 2026 at GBP 67.16878 per share
  • Cunningham also received vested matching shares, with 3.480779 shares sold at GBP 67.21 to cover withholding taxes; 4.80671 shares retained
  • Investors may watch for further PDMR disclosures as quarterly plan cycles continue

Peter Cunningham Receives Vested myShare Matching Shares at GBP 67.21

On 19 October 2026, Peter Cunningham, a PDMR at Rio Tinto, received vested matching shares under the myShare plan. Of the 8.287489 shares that vested — a figure that includes additional shares reflecting dividends declared during the three-year vesting period — 3.480779 were sold at GBP 67.21 per share to meet applicable withholding taxes and other deductions. Cunningham retained 4.80671 shares following the transaction. The original matching share award was 7.277589 shares, with the uplift reflecting dividend accrual in accordance with myShare plan rules.

Cunningham, Jackson, and Pécresse Acquire Rio Tinto plc Shares Under myShare Quarterly Purchase

Separately on the same date, three PDMRs acquired Rio Tinto plc ordinary shares through the quarterly myShare purchase mechanism at GBP 67.16878 per share. Peter Cunningham and Katie Jackson each acquired 5.582949 shares, while Jérôme Pécresse acquired 10.579765 shares. Each participant was simultaneously awarded an equivalent number of matching share awards at no additional cost, conditional upon satisfying myShare plan terms. These matching awards are subject to a three-year holding period before they vest, meaning they will not be freely accessible to the executives until that period elapses.

Katie Jackson Also Purchases Six Shares Under HMRC-Approved UK Share Plan

In addition to her myShare participation, Katie Jackson purchased six Rio Tinto plc ordinary shares under the UK Share Plan (UKSP), an HMRC-approved Share Incentive Plan available to qualifying UK-based employees. Shares were purchased at GBP 67.16878 each from monthly salary deductions, and Jackson received six matching shares as a result. The UKSP also provides for an annual Free Shares award to eligible participants, though no such award was reported in this particular disclosure. Rio Tinto notified the LSE of these dealings in accordance with EU Market Abuse Regulation requirements.

Rio Tinto's Dual-Listed Structure Governs PDMR Reporting Across ASX and LSE

As a dual-listed company, Rio Tinto is required to notify both the ASX and LSE of all PDMR and Key Management Personnel share dealings simultaneously. The company operates across global mining sectors including iron ore, copper, aluminium, and minerals, with registered offices in London and Melbourne. This disclosure was authorised for market release by Matthew Whyte, Rio Tinto's Group Company Secretary, and FCA notifications were issued to the London Stock Exchange contemporaneously. The dealings represent participation in standard, pre-established employee share incentive structures rather than discretionary open-market transactions.