Downer EDI director's shares increase, performance rights lapse

Downer EDI Limited (ASX:DOW) reported changes in director Peter John Tompkins's security holdings as of September 26, 2025. Tompkins acquired 15,350 ordinary shares valued at A$7.2274 per share, stemming from the satisfaction of his First Deferred Component of the short-term incentive award for the 2024 financial year. This transaction increased his direct holdings to 345,833 ordinary shares, while indirect holdings remained at 223,062 ordinary shares and 964,941 performance rights.

Concurrently, the company announced the cessation of 64,192 performance rights (DOWAC) for Peter John Tompkins, effective September 12, 2025. These rights lapsed because their conditional terms were not met or became incapable of being satisfied, with no consideration paid by the entity for their cessation. Following these changes, the total number of unquoted performance rights on issue for Downer EDI Limited stands at 3,899,954, while ordinary fully paid shares remain at 671,573,679.

The remaining 964,941 performance rights include tranches from the 2023, 2024, and 2025 LTI Plans, with various performance and employment conditions extending to June 2028. Notably, 124,344 rights from the 2023 LTI Plan have met performance conditions but are still subject to continued employment until June 30, 2026.