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 2019 choice period runs from 31-May 2019 to 28-Aug 2019
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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 2018.
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The following documents should help assist you making your choice:
DELTIP Choice Guide
Diageo Tax Residency Factsheet
Modelling Tool
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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/DACSIP RSU - Vesting
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We recommend you consult with a tax advisor upon vesting RSUs and share options. Depending on the tax law in your country there may be a tax liability.
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Country specific tax guides for DELTIP/DACSIP are available by logging on to the MyDiageoShares portal using the login button above.
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If you do not make a choice at vesting the company will usually arrange the sale of sufficient ordinary shares/ADRs to meet the tax liability.
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If you decide to retain ordinary shares or ADRs, you will start to receive dividend payments.
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Click here for information on how to sell/transfer your ordinary shares/ADRs.
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Click here for more information if you are leaving the company.