Diageo Executive Long Term Incentive Plan (DELTIP), Emerging Talent Retention Plan (ETRP) and Diageo Associated Companies Share Incentive Plan (DACSIP)
DELTIP is an international discretionary share plan with awards normally being granted in September. Further information can be found in:
DELTIP Factsheet
ETRP is an international discretionary award which are made each year to employees who generally are not eligible to receive an annual DELTIP awaard. Further information can be found in the ETRP Factsheet.
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A tax guide specific to your country can be found in the documents section of your MyDiageoShares account. Country specific restrictions and requirements can be found here:
Country specific information sheet -
If you require further advice, please consult an independent financial advisor.
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Both Plans are subject to
DLTIP Terms and Conditions -
If you require further advice, please consult an independent financial advisor.
The following explains key points of RSUs and share options.
| RESTRICTED STOCK UNITS | SHARE OPTIONS |
|---|---|
| An award of ordinary shares that will automatically be transferred into your name at the end of the 3 year vesting period* | You are granted the right to buy an allocated amount of ordinary shares at a pre-set option price set on the grant date |
| There is no cost to you | Options are available to exercise between 3 and 10 years from the grant date.* |
| You can receive the award as ‘ordinary shares’ or American Depositary Receipts 'ADRs’ | You will need to finance the cost of the options at the time of exercising. Please note there is no obligation for you to exercise share options. |
| Once the ordinary shares/ADRs are transferred into your name you can sell or hold them (subject to applicable legal restrictions) | You can exercise* share options by;
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*unless your employment status changes. Please view leavers factsheets for further information.
DACSIP is a plan for employees of associated companies of Diageo. Like DELTIP, awards are normally granted in September each year. Further information on this plan can be found in;
RSU - Vesting
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You will receive a communication asking you to make your vesting choice in advance of the vesting date. Further details can be found within this infographic.
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The market value of your shares may be subject to income tax and social charges. Diageo, where appropriate, will withhold any tax liabilities.
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Market value for tax purposes will be the trade price on the vesting date.
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If you do not make a choice at vesting the company will usually arrange the sale of sufficient shares to meet any withholding tax liabilities.
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Your Release Summary on your mydiageoshares portal account will provide an estimated tax withholding amount as part of the choice process.
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Country specific tax guides for are available by logging on to the mydiageoshares portal using the login button above and clicking on the documents tab.
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Country specific requirements may apply to your participation. The applicable local securities laws and other legislation may impose special requirements regarding the acquisition and holding of Diageo shares and more information is available in the country specific guide.
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A transaction report with a summary of the tax treatment applied to your award will be provided on your mydiageoshares portal account approximately 10 days after the vesting. Personal reporting requirements may also be summarised in the report.
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If you decide to retain shares you can find more information here.
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Click here for more information if you are leaving the company.