Diageo Executive Long Term Incentive Plan and Diageo Associated Companies Share Incentive Plan
DELTIP is an international executive share plan with awards normally being granted in September. Further information can be found in:
DELTIP Factsheet
Country specific information sheet
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If you have been granted an award under the plan you will be notified by your line manager and receive a reward notification.
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The 2020 DELTIP choice period is open until 28 August 2020
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You are able to choose from 3 possible options:
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100% Options
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50% Options and 50% RSUs
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100% RSUs
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If you do not make a choice by the deadline, any award that may be made to you will default to 100% RSUs or any previous choice made in 2019. If you are a UK Employee eligible for DELTIP you will also be asked to elect whether you would like to receive HMRC tax qualified options up to the HMRC limit. If you do not elect to receive tax qualifying options your award will be fully determined by your 2020 DELTIP choice. Please refer to your DELTIP choice invitation for more details
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The following documents should help you with making your choice:
DELTIP Choice Guide
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A tax guide specific to your country can be found in the documents section of your MyDiageoShares account
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If you require further advice, please consult an independent financial advisor.
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Both Plans are subject to
DLTIP Terms and Conditions
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;
DACSIP Factsheet
Country Specific Information
DELTIP RSU - Vesting
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You will receive a communication asking you to make your vesting choice in advance of the vesting date.
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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 DELTIP RSUs 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 in DELTIP. 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.