Director/PDMR Shareholding

Rhea-AI Summary

On February 27, 2023, Shell plc disclosed share transactions by Persons Discharging Managerial Responsibilities (PDMRs) under the EU and UK Market Abuse Regulations. A total of nine PDMRs received shares as part of their annual bonus, with 50% paid in shares and subject to a three-year holding period. Key transactions include Wael Sawan receiving 7,213 shares at GBP 24.82 and Sinead Gorman receiving 12,426 shares at the same price. Other executives also received shares in similar amounts and prices, totaling hundreds of thousands in value. The complete details of these transactions can be found on Shell's website and required filings.

Positive

• PDMRs are incentivized through share-based bonuses, potentially aligning their interests with shareholders.
• The three-year holding period for shares may encourage long-term commitment and stability.

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

February 27, 2023

Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have received the number of shares as set out below. 50% of the PDMR’s annual bonus is delivered in cash and 50% is delivered in shares. Shares are subject to a three-year holding period, which continues to apply after PDMRs leave employment.

The Directors’ Remuneration Policy 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 awarded	Purchase price per Share
Wael Sawan	February 24, 2023	SHEL (LSE)	7,213	GBP 24.82
Wael Sawan	February 24, 2023	SHELL (AMS)	2,602	EUR 28.23
Sinead Gorman	February 24, 2023	SHEL (LSE)	12,426	GBP 24.82
Harry Brekelmans	February 22, 2023	SHELL (AMS)	11,804	EUR 28.27
Ronan Cassidy	February 24, 2023	SHEL (LSE)	9,738	GBP 24.82
Donny Ching	February 24, 2023	SHELL (AMS)	10,377	EUR 28.23
Ed Daniels	February 24, 2023	SHEL (LSE)	8,200	GBP 24.82
Huibert Vigeveno	February 24, 2023	SHELL (AMS)	14,341	EUR 28.23
Zoe Yujnovich	February 24, 2023	SHELL (AMS)	24,062	EUR 28.23

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	Delivery of 50% of bonus in shares
Currency	GBP
Price	24.82
Volume	7,213
Total	179,026.66
Aggregated information Volume Price Total	7,213 24.82 179,026.66
Date of transaction	February 24, 2023
Place of transaction	Outside a trading venue

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	Delivery of 50% of bonus in shares
Currency	EUR
Price	28.23
Volume	2,602
Total	73,454.46
Aggregated information Volume Price Total	2,602 28.23 73,454.46
Date of transaction	February 24, 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	Delivery of 50% of bonus in shares
Currency	GBP
Price	24.82
Volume	12,426
Total	308,413.32
Aggregated information Volume Price Total	12,426 24.82 308,413.32
Date of transaction	February 24, 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	Delivery of 50% of bonus in shares
Currency	EUR
Price	28.27
Volume	11,804
Total	333,699.08
Aggregated information Volume Price Total	11,804 28.27 333,699.08
Date of transaction	February 22, 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	Delivery of 50% of bonus in shares
Currency	GBP
Price	24.82
Volume	9,738
Total	241,697.16
Aggregated information Volume Price Total	9,738 24.82 241,697.16
Date of transaction	February 24, 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	Delivery of 50% of bonus in shares
Currency	EUR
Price	28.23
Volume	10,377
Total	292,942.71
Aggregated information Volume Price Total	10,377 28.23 292,942.71
Date of transaction	February 24, 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	Delivery of 50% of bonus in shares
Currency	GBP
Price	24.82
Volume	8,200
Total	203,524.00
Aggregated information Volume Price Total	8,200 24.82 203,524.00
Date of transaction	February 24, 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	Delivery of 50% of bonus in shares
Currency	EUR
Price	28.23
Volume	14,341
Total	404,846.43
Aggregated information Volume Price Total	14,341 28.23 404,846.43
Date of transaction	February 24, 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	Delivery of 50% of bonus in shares
Currency	EUR
Price	28.23
Volume	24,062
Total	679,270.26
Aggregated information Volume Price Total	24,062 28.23 679,270.26
Date of transaction	February 24, 2023
Place of transaction	Outside a trading venue

FAQ

What share transactions did Shell plc announce on February 27, 2023?

Shell plc announced that nine PDMRs received shares as part of their annual bonus, with notable transactions occurring on February 24, 2023.

How are bonuses structured for Shell's PDMRs?

Shell's PDMRs receive 50% of their annual bonus in cash and 50% in shares, with shares subject to a three-year holding period.

What was the share price for transactions involving Shell plc executives?

The shares were awarded at GBP 24.82 and EUR 28.23 during the recent transactions.

What is the significance of the three-year holding period for Shell's PDMRs?

The three-year holding period for shares aims to align the interests of PDMRs with long-term shareholder value.

Where can I find more information about Shell plc's executive remuneration policy?

More information can be found in Shell's Annual Report and Form 20-F for the year ended December 31, 2021, available on their official website.