Director/PDMR Shareholding

Rhea-AI Summary

On March 8, 2022, Shell plc disclosed that several Persons Discharging Managerial Responsibilities (PDMRs) received shares following the vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP). Notable recipients include CEO Ben van Beurden, who received 113,445 shares, and CFO Jessica Uhl, who received 29,134 American Depository Shares (SHEL). The transactions were executed on March 3, 2022, with no monetary price attributed, as the awards vested without a cash transaction. This disclosure aligns with the EU Market Abuse Regulation.

Positive

• High number of shares vested, indicating confidence in company performance.
• Retention of key management personnel through incentive plans.

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 8, 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 in 2019 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, 2020 (www.shell.com/annualreport).

LONG TERM INCENTIVE PLAN
PDMR	VESTING DATE	SHARE TYPE	NUMBER OF SHARES VESTED
Ben van Beurden	March 3, 2022	SHELL (AMS)	113,445
Jessica Uhl	March 3, 2022	SHEL ADS (NYSE)	29,134
Harry Brekelmans	March 3, 2022	SHELL (AMS)	32,059
Ronan Cassidy	March 3, 2022	SHEL (LSE)	27,446
Donny Ching	March 3, 2022	SHELL (AMS)	23,899
Ed Daniels	March 3, 2022	SHEL (LSE)	13,139
Wael Sawan	March 3, 2022	SHELL (AMS)	27,396
Huibert Vigeveno	March 3, 2022	SHELL (AMS)	13,115
Zoe Yujnovich	March 3, 2022	SHELL (AMS)	13,115

 

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)	Ben
Last Name(s)	van Beurden
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 2019 under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	NIL
Volume	113,445
Total	N/A
Aggregated information Volume Price Total	113,445 NIL N/A
Date of transaction	March 3, 2022
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Uhl
Last Name(s)	Jessica
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	American Depository Shares (SHEL)
Identification Code	US7802593050
Nature of the transaction	Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP)
Currency	USD
Price	NIL
Volume	29,134
Total	N/A
Aggregated information Volume Price Total	29,134 NIL N/A
Date of transaction	March 3, 2022
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 and 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 2019 under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	NIL
Volume	32,059
Total	N/A
Aggregated information Volume Price Total	32,059 NIL N/A
Date of transaction	March 3, 2022
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 2019 under the Long Term Incentive Plan (LTIP)
Currency	GBP
Price	NIL
Volume	27,446
Total	N/A
Aggregated information Volume Price Total	27,446 NIL N/A
Date of transaction	March 3, 2022
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 2019 under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	NIL
Volume	23,899
Total	N/A
Aggregated information Volume Price Total	23,899 NIL N/A
Date of transaction	March 3, 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 awards granted in 2019 under the Long Term Incentive Plan (LTIP)
Currency	GBP
Price	NIL
Volume	13,139
Total	N/A
Aggregated information Volume Price Total	13,139 NIL N/A
Date of transaction	March 3, 2022
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	Integrated Gas, Renewables and Energy Solutions 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 2019 under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	NIL
Volume	27,396
Total	N/A
Aggregated information Volume Price Total	27,396 NIL N/A
Date of transaction	March 3, 2022
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 2019 under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	NIL
Volume	13,115
Total	N/A
Aggregated information Volume Price Total	13,115 NIL N/A
Date of transaction	March 3, 2022
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 2019 under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	NIL
Volume	13,115
Total	N/A
Aggregated information Volume Price Total	13,115 NIL N/A
Date of transaction	March 3, 2022
Place of transaction	Outside a trading venue

FAQ

What is the significance of the recent share vesting at Shell plc?

The share vesting indicates Shell's commitment to incentivize its management, which can bolster investor confidence.

How many shares did Ben van Beurden receive from the LTIP?

Ben van Beurden received 113,445 shares as part of the LTIP.

When did the vesting of shares occur for Shell's management?

The vesting of shares occurred on March 3, 2022.

What are American Depository Shares (SHEL)?

American Depository Shares (SHEL) represent shares of Shell plc traded on U.S. exchanges.

What is the Long Term Incentive Plan (LTIP) at Shell?

The LTIP is a program designed to reward Shell's management team based on performance over several years.