Director/PDMR Shareholding

Rhea-AI Summary

Shell plc announced that two Persons Discharging Managerial Responsibilities (PDMRs), Sinead Gorman and Ed Daniels, have vested in a total of 56 ordinary shares each under the Powering Progress Share Award (PPSA) on June 20, 2022. This transaction follows the conditional awards granted on June 18, 2021. The shares were issued without a specified price, indicating potentially minimal immediate financial impact. This disclosure is in accordance with the EU and UK Market Abuse Regulations, underscoring compliance and transparency within the company.

Positive

• Successful vesting of shares under the Powering Progress Share Award indicates adherence to performance metrics.
• Transparent reporting of managerial transactions promotes investor confidence.

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

June 22, 2022

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 on June 18, 2021 under the Powering Progress Share Award (“PPSA”).

POWERING PROGRESS SHARE AWARD
PDMR	VESTING DATE	SHARE TYPE	NUMBER OF SHARES VESTED
Sinead Gorman	June 20, 2022	SHEL (LSE)	56
Ed Daniels	June 20, 2022	SHEL (LSE)	56

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 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)	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 award granted in 2021 under the Powering Progress Share Award (PPSA)
Currency	GBP
Price	NIL
Volume	56
Total	N/A
Aggregated information Volume Price Total	56 NIL N/A
Date of transaction	June 20, 2022
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 award granted in 2021 under the Powering Progress Share Award (PPSA)
Currency	GBP
Price	NIL
Volume	56
Total	N/A
Aggregated information Volume Price Total	56 NIL N/A
Date of transaction	June 20, 2022
Place of transaction	Outside a trading venue

FAQ

What shares did Shell plc executives vest on June 20, 2022?

Sinead Gorman and Ed Daniels each vested 56 ordinary shares of Shell plc.

What is the significance of the Powering Progress Share Award at Shell?

The Powering Progress Share Award is designed to incentivize management based on performance metrics, aligning their interests with shareholders.

Who are the Persons Discharging Managerial Responsibilities involved in the share vesting?

The PDMRs involved are Sinead Gorman and Ed Daniels.

Is there any financial cost associated with the share vesting on June 20, 2022?

No price was specified for the shares vested, indicating no immediate cost associated with this transaction.

What regulatory compliance did Shell follow for this share vesting announcement?

Shell plc made this notification in accordance with Article 19 of the EU Market Abuse Regulation.