Director/PDMR Shareholding
Shell plc has reported the conditional award of performance shares under the Long Term Incentive Plan (LTIP). On May 6, 2022, Sinead Gorman received 105,675 shares, while Ed Daniels was awarded 61,000 shares, with both tied to performance conditions set by the Remuneration Committee. Each share is valued at £23.00, totaling approximately £2.43 million and £1.40 million respectively. This notification complies with Article 19 of the EU Market Abuse Regulation.
- Conditional award of 105,675 shares to Sinead Gorman valued at £2,429,997.
- Conditional award of 61,000 shares to Ed Daniels valued at £1,402,695.
- 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
May 11, 2022
Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have been made a conditional award of performance shares of Shell plc under the Long Term Incentive Plan (“LTIP”), subject to performance conditions determined by the Remuneration Committee and Remuneration Committee discretion, as set out below.
| LONG TERM INCENTIVE PLAN | |||
| PDMR | DATE OF AWARD | SHARE TYPE | NUMBER OF SHARES AWARDED |
| Sinead Gorman | May 6, 2022 | SHEL (LSE) | 105,675 |
| Ed Daniels | May 6, 2022 | SHEL (LSE) | 61,000 |
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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP) |
| Currency | GBP |
| Price | 23.00 |
| Volume | 105,675 |
| Total | 2,429,997 |
| Aggregated information Volume Price Total | 105,675 23.00 2,429,997 |
| Date of transaction | May 6, 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP) |
| Currency | GBP |
| Price | 23.00 |
| Volume | 61,000 |
| Total | 1,402,695 |
| Aggregated information Volume Price Total | 61,000 23.00 1,402,695 |
| Date of transaction | May 6, 2022 |
| Place of transaction | Outside a trading venue |
FAQ
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