Director/PDMR Shareholding

Rhea-AI Summary

On March 7, 2023, Shell plc disclosed that several Persons Discharging Managerial Responsibilities (PDMRs) received shares following the vesting of awards from the Long Term Incentive Plan (LTIP) established in 2020. Notable transactions included Chief Executive Officer Wael Sawan receiving 65,882.57 shares and Chief Financial Officer Sinead Gorman receiving 21,213.42 shares, all on March 3, 2023. The aggregate number of shares vested amounted to significant figures for each PDMR, emphasizing the company's commitment to rewarding key executives. Further details can be referenced in Shell's Annual Report.

Positive

• PDMRs received a total of significant share vestings, indicating trust in management by the company.
• The announcement reflects Shell's ongoing incentive strategies designed to align executive performance with shareholder interests.

Negative

• None.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
        
March 7, 2023        
        
Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have received the number of shares of Shell plc as set out below following the vesting of conditional awards granted in 2020 under the Long Term Incentive Plan (“LTIP”).
        
Details of the LTIP can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2021 (www.shell.com/annualreport).

PDMR	Date Acquired	Share Type	Number of Shares Vested
Wael Sawan	March 03, 2023	SHELL (AMS)	65,882.57345
Sinead Gorman	March 03, 2023	SHEL (LSE)	21,213.42019
Harry Brekelmans	March 03, 2023	SHELL (AMS)	51,764.87911
Ronan Cassidy	March 03, 2023	SHEL (LSE)	44,312.47779
Donny Ching	March 03, 2023	SHELL (AMS)	38,588.36442
Ed Daniels	March 03, 2023	SHEL (LSE)	21,213.42019
Huibert Vigeveno	March 03, 2023	SHELL (AMS)	51,764.87911
Zoe Yujnovich	March 03, 2023	SHELL (AMS)	28,235.38859

The Notification of Dealing Form for each PDMR can be found below.        
This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.
                        
Anthony Clarke                        
Deputy Company Secretary                
                        
ENQUIRIES                        
                        
Shell Media Relations                        
International, UK, European Press: +44 20 7934 5550        
                        
                        
                        
                        
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70        
Classification: Additional regulated information required to be disclosed under the laws of a Member State.

        

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Wael
Last Name(s)	Sawan
2. Reason for the notification
Position/status	Chief Executive Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	65,882.57345
Total	N/A
Aggregated information Volume Price Total	65,882.57345 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Sinead
Last Name(s)	Gorman
2. Reason for the notification
Position/status	Chief Financial Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	21,213.42019
Total	N/A
Aggregated information Volume Price Total	21,213.42019 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Harry
Last Name(s)	Brekelmans
2. Reason for the notification
Position/status	Projects & Technology Director
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	51,764.87911
Total	N/A
Aggregated information Volume Price Total	51,764.87911 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Ronan
Last Name(s)	Cassidy
2. Reason for the notification
Position/status	Chief Human Resources & Corporate Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	44,312.47779
Total	N/A
Aggregated information Volume Price Total	44,312.47779 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Donny
Last Name(s)	Ching
2. Reason for the notification
Position/status	Legal Director
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	38,588.36442
Total	N/A
Aggregated information Volume Price Total	38,588.36442 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Ed
Last Name(s)	Daniels
2. Reason for the notification
Position/status	Strategy, Sustainability and Corporate Relations Director
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	21,213.42019
Total	N/A
Aggregated information Volume Price Total	21,213.42019 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Huibert
Last Name(s)	Vigeveno
2. Reason for the notification
Position/status	Downstream Director
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	51,764.87911
Total	N/A
Aggregated information Volume Price Total	51,764.87911 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Zoe
Last Name(s)	Yujnovich
2. Reason for the notification
Position/status	Upstream Director
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Vesting of awards granted in 2020 under the Long Term Incentive Plan (LTIP)
Currency
Price	NIL
Volume	28,235.38859
Total	N/A
Aggregated information Volume Price Total	28,235.38859 NIL N/A
Date of transaction	March 03, 2023
Place of transaction	Outside a trading venue

FAQ

What is the date of the Shell plc PDMR share vesting announcement?

The announcement was made on March 7, 2023.

Who are the PDMRs that received shares from Shell plc?

PDMRs include Wael Sawan, Sinead Gorman, Harry Brekelmans, Ronan Cassidy, Donny Ching, Ed Daniels, Huibert Vigeveno, and Zoe Yujnovich.

How many shares did Wael Sawan receive from Shell plc?

Wael Sawan received 65,882.57 shares.

What is the purpose of the Long Term Incentive Plan at Shell plc?

The LTIP aims to reward executives based on long-term performance and align their interests with those of shareholders.

When did the actual share vesting occur for Shell plc executives?

The actual vesting of shares occurred on March 3, 2023.