XML 369 R61.htm IDEA: XBRL DOCUMENT v3.24.1

Share-based payments (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of share based payments [abstract]

Charges for Share-based Incentive Plans

Charges for share-based incentive plans were as follows:

			2023						2022						2021
			£m						£m						£m
Share-based payments			140.1						122.0						99.6

Movement on Ordinary Shares Granted for Significant Restricted Stock Plans

Movement on ordinary shares granted for significant restricted stock plans:

			Non-vested 1 January 2023 number m						Granted number m						Forfeited number m						Vested number m						Non-vested 31 December 2023 number m
Executive Performance Share Plan (EPSP)			20.4						7.8						(1.4)						(3.9)						22.9
Performance Share Awards (PSA)			4.1						2.3						(0.5)						(0.4)						5.5
Leadership Share Awards			11.3						5.9						(1.0)						(3.8)						12.4
Weighted average fair value (pence per share)
Executive Performance Share Plan (EPSP)			924		p				919		p				947		p				752		p				950		p
Performance Share Awards (PSA)			952		p				857		p				939		p				926		p				915		p
Leadership Share Awards			899		p				654		p				934		p				673		p				848		p

			Non-vested 1 January 2022 number m						Granted number m						Forfeited number m						Vested number m						Non-vested 31 December 2022 number m
Executive Performance Share Plan (EPSP)			16.7						6.1						(2.2)						(0.2)						20.4
Performance Share Awards (PSA)			3.1						4.0						(0.2)						(2.8)						4.1
Leadership Share Awards			10.4						4.9						(1.2)						(2.8)						11.3
Weighted average fair value (pence per share)
Executive Performance Share Plan (EPSP)			900		p				1,025		p				1,055		p				613		p				924		p
Performance Share Awards (PSA)			604		p				911		p				798		p				519		p				952		p
Leadership Share Awards			922		p				787		p				881		p				795		p				899		p

Options Granted

As at 31 December 2023, unexercised options over ordinary shares of 650,825 and unexercised options over ADRs of 72,695 have been granted under the WPP Worldwide Share Ownership Programme as follows:

			Number of ordinary shares under option						Exercise price per share (£)						Exercise dates
Unexercised options over ordinary shares			647,575						13.145						2017-2024
Unexercised options over ordinary shares			3,250						13.145						2018-2024

			Number of ADRs under option						Exercise price per ADR ($)						Exercise dates
Unexercised options over ADR			72,695						102.670						2017-2024

As at 31 December 2023, unexercised options over ordinary shares of 15,369,025 and unexercised options over ADRs of 1,772,400 have been granted under the WPP Share Option Plan as follows:

			Number of ordinary shares under option						Exercise price per share (£)						Exercise dates
Unexercised options over ordinary shares			3,524,700						7.064						2025-2032
Unexercised options over ordinary shares			1,806,625						7.344						2023-2030
Unexercised options over ordinary shares			9,500						7.344						2023-2027
Unexercised options over ordinary shares			849,350						8.372						2021-2028
Unexercised options over ordinary shares			7,000						8.372						2021-2025
Unexercised options over ordinary shares			125,125						8.684						2025-2029
Unexercised options over ordinary shares			2,682,975						8.684						2025-2032
Unexercised options over ordinary shares			1,466,100						9.600						2022-2029
Unexercised options over ordinary shares			8,875						9.600						2022-2026
Unexercised options over ordinary shares			2,237,900						11.065						2023-2030
Unexercised options over ordinary shares			1,040,350						13.085						2020-2027
Unexercised options over ordinary shares			7,625						13.085						2020-2024
Unexercised options over ordinary shares			4,000						15.150						2019-2025
Unexercised options over ordinary shares			739,850						15.150						2018-2025
Unexercised options over ordinary shares			859,050						17.055						2019-2026

			Number of ADRs under option						Exercise price per ADR ($)						Exercise dates
Unexercised options over ADR			409,115						44.120						2025-2032
Unexercised options over ADR			198,380						48.950						2023-2030
Unexercised options over ADR			318,125						52.600						2025-2032
Unexercised options over ADR			120,995						53.140						2021-2028
Unexercised options over ADR			169,790						62.590						2022-2029
Unexercised options over ADR			255,510						73.780						2023-2030
Unexercised options over ADR			117,650						88.260						2020-2027
Unexercised options over ADR			100,960						105.490						2020-2026
Unexercised options over ADR			81,875						115.940						2018-2025

Movements and Weighted-average Exercise Price for Options Granted

The aggregate status of the WPP Share Option Plans during 2023 was as follows:

Movements on options granted (represented in ordinary shares)

			1 January 2023						Granted						Exercised						Forfeited						Outstanding 31 December 2023						Exercisable 31 December 2023
WPP			—						—						—						—						—						—
WWOP			1,639,025						—						—						(624,725)						1,014,300						—
WSOP			21,299,025						5,586,650						(85,900)						(2,568,750)						24,231,025						7,386,400
			22,938,050						5,586,650						(85,900)						(3,193,475)						25,245,325						7,386,400

			1 January 2022						Granted						Exercised						Forfeited						Outstanding 31 December 2022						Exercisable 31 December 2022
WPP			6,741						—						—						(6,741)						—						—
WWOP			2,049,299						—						(2,575)						(407,699)						1,639,025						—
WSOP			19,608,150						5,224,050						(123,125)						(3,410,050)						21,299,025						3,188,675
			21,664,190						5,224,050						(125,700)						(3,824,490)						22,938,050						3,188,675

Weighted average exercise price for options over

			1 January 2023						Granted						Exercised						Forfeited						Outstanding 31 December 2023						Exercisable 31 December 2023
Ordinary shares (£)
WPP			—						—						—						—						—						—
WWOP			13.224						—						—						13.432						13.145						—
WSOP			10.356						—						8.350						9.959						9.652						—
ADRs ($)
WWOP			106.379						—						—						109.949						102.670						—
WSOP			67.910						—						48.950						66.181						62.587						44.120

			1 January 2022						Granted						Exercised						Forfeited						Outstanding 31 December 2022						Exercisable 31 December 2022
Ordinary shares (£)
WPP			9.355						—						—						9.355						—						—
WWOP			12.923						—						8.458						11.565						13.224						—
WSOP			10.854						8.684						8.357						10.530						10.356						7.344
ADRs ($)
WWOP			101.693						—						—						85.706						106.379						—
WSOP			72.228						52.600						53.270						71.674						67.910						48.950

Range of Exercise Prices of Options

Options over ordinary shares

Outstanding

			Range of exercise prices £						Weighted average exercise price £						Weighted average contractual life Months
			7.344-17.055						10.455						70

Options over ADRs

Outstanding

			Range of exercise prices $						Weighted average exercise price $						Weighted average contractual life Months
			44.120-115.940						64.166						80

Weighted Average Fair Value of Options Granted and Weighted Average Assumptions

The weighted average fair value of options granted in the year calculated using the Black-Scholes model was as follows:

			2023						2022						2021
Fair value of UK options (shares)			131.0		p				177.0		p				220.0		p
Fair value of US options (ADRs)			$8.59						$11.48						$14.89
Weighted average assumptions
UK risk-free interest rate			4.00		%				2.92		%				0.63		%
US risk-free interest rate			4.53		%				4.09		%				1.16		%
Expected life (months)			48						48						48
Expected volatility			33		%				32		%				34		%
Dividend yield			5.6		%				3.9		%				3.4		%

X

- Definition

The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 47
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_47_a&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 45
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 45
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45_b&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the range of exercise prices for outstanding share options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 45
-Subparagraph d
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45_d&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The explanation that enables users of financial statements to understand the effect of share-based payment transactions on the entity's profit (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 50
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_50&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_ExplanationOfEffectOfSharebasedPaymentsOnProfitOrLoss
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure Of Number Exercise Price And Exercise Dates Of Options Granted Explanatory

+ References

No definition available.

+ Details

Name:	wpp_DisclosureOfNumberExercisePriceAndExerciseDatesOfOptionsGrantedExplanatoryTableTextBlock
Namespace Prefix:	wpp_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of share based payments abstract.

+ References

No definition available.

+ Details

Name:	wpp_DisclosureOfShareBasedPaymentsAbstract
Namespace Prefix:	wpp_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration