The Diageo Long Term Incentive Plan

Diageo Executive Long Term Incentive Plan and Diageo Associated Companies Share Incentive Plan

DELTIP/DACSIP are a means of linking company performance with your total reward package.

DELTIP is an international executive share plan with awards normally being granted in September. If you would like more information this can be found on the DELTIP Factsheet and the Country specific information sheet.
DACSIP is a plan for employees of associated companies of Diageo, with awards normally being granted in September If you would like more information this can be found on the DACSIP Factsheet and Country specific information sheet.
If you have been granted an award under the plan you will be notified by letter and email.
You may receive an award of Restricted Stock Units (RSUs), Share Options or a combination of both.
If you require advice, please consult an independent financial advisor.
Both Plans are subject to the DLTIP Terms and Conditions
Country specific tax guides for DELTIP/DACSIP are available by logging on to your personal Employee Shareplan Information.

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; Borrowing the cost via the Online Option Exercise service Self finance

If you would like more information on the RSU Vesting process please click here for the September 2018 DELTIP Vesting factsheet.
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.
Country specific tax guides for DELTIP/DACSIP are available by logging on to the MyDiageoShares portal using the login button above.
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.
If you decide to retain ordinary shares or ADRs, you will start to receive dividend payments.
Click here for information on how to sell/transfer your ordinary shares/ADRs.
Click here for more information if you are leaving the company.