Pearson (PSO) non-executive director purchases 500 ADRs on NYSE
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Pearson plc reported that non-executive director Costis Maglaras purchased additional exposure to the company through American Depositary Receipts. On 16 March 2026, he bought 500 ADRs in Pearson plc at a price of $13.15 per ADR, for an aggregated consideration of $6575, on the New York Stock Exchange.
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FAQ
What insider transaction did Pearson (PSO) disclose in this 6-K filing?
Pearson disclosed that non-executive director Costis Maglaras purchased 500 American Depositary Receipts. The ADRs were acquired on 16 March 2026 on the New York Stock Exchange, representing additional personal investment in Pearson shares through the ADR structure.
How many Pearson (PSO) ADRs did Costis Maglaras buy and at what price?
Costis Maglaras bought 500 Pearson ADRs at $13.15 per ADR. This insider purchase resulted in total consideration of $6575, as disclosed in the aggregated transaction information within the report of transactions by a person discharging managerial responsibilities.
When and where were the Pearson (PSO) ADRs purchased by the director?
The 500 Pearson ADRs were purchased on 16 March 2026 on the New York Stock Exchange. The filing identifies the trading venue as XNYS, confirming the transaction occurred in the U.S. market where Pearson’s ADRs are listed and traded.
What does each Pearson (PSO) ADR represent according to the filing?
Each Pearson American Depositary Receipt represents one ordinary share of 25 pence in Pearson plc. This means ADR holders have economic exposure equivalent to owning the underlying London-listed ordinary shares, but through a U.S.-traded instrument identified by ISIN US7050151056.
Who is the person discharging managerial responsibilities mentioned for Pearson (PSO)?
The person discharging managerial responsibilities is Costis Maglaras, identified as a non-executive director of Pearson plc. The filing records his initial notification of a transaction involving the purchase of the company’s ADRs, as required for persons in such governance roles.