Director/PDMR Shareholding

Rhea-AI Summary

Shell plc has announced that several Persons Discharging Managerial Responsibilities have been awarded performance shares under the Long Term Incentive Plan. The awards are subject to performance conditions and Remuneration Committee discretion. The awards were made in GBP and EUR, with the total value exceeding millions of pounds. The notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

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 6, 2024
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.
PDMR	Date Acquired	Share Type	Number of shares awarded
Wael Sawan	02 February 2024	SHEL (LSE)	169,937
Sinead Gorman	02 February 2024	SHEL (LSE)	101,051
Philippa Bounds	02 February 2024	SHEL (LSE)	36,298
Robertus Mooldijk	02 February 2024	SHELL (AMS)	46,463
Rachel Solway	02 February 2024	SHEL (LSE)	36,415
Huibert Vigeveno	02 February 2024	SHELL (AMS)	64,229
Zoe Yujnovich	02 February 2024	SHELL (AMS)	62,194
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)	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	Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency	GBP
Price	24.72
Volume	169,937
Total	4,199,992.96
Aggregated information
Volume	169,937
Price	24.72
Total	4,199,992.96
Date of transaction	02/02/2024
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	Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency	GBP
Price	24.72
Volume	101,051
Total	2,497,475.47
Aggregated information
Volume	101,051
Price	24.72
Total	2,497,475.47
Date of transaction	02/02/2024
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Philippa
Last Name(s)	Bounds
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	Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency	GBP
Price	24.72
Volume	36,298
Total	897,105.07
Aggregated information
Volume	36,298
Price	24.72
Total	897,105.07
Date of transaction	02/02/2024
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Robertus
Last Name(s)	Mooldijk
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	Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	29.27
Volume	46,463
Total	1,359,972.01
Aggregated information
Volume	46,463
Price	29.27
Total	1,359,972.01
Date of transaction	02/02/2024
Place of transaction	Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Rachel
Last Name(s)	Solway
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	Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency	GBP
Price	24.72
Volume	36,415
Total	899,996.73
Aggregated information
Volume	36,415
Price	24.72
Total	899,996.73
Date of transaction	02/02/2024
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, Renewables & 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	Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	29.27
Volume	64,229
Total	1,879,982.83
Aggregated information
Volume	64,229
Price	29.27
Total	1,879,982.83
Date of transaction	02/02/2024
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	Integrated Gas & 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	Conditional award of performance shares of Shell plc under the Long Term Incentive Plan (LTIP)
Currency	EUR
Price	29.27
Volume	62,194
Total	1,820,418.38
Aggregated information
Volume	62,194
Price	29.27
Total	1,820,418.38
Date of transaction	02/02/2024
Place of transaction	Outside a trading venue

 

FAQ

Who are the Persons Discharging Managerial Responsibilities who have been awarded performance shares?

The PDMRs awarded performance shares are Wael Sawan, Sinead Gorman, Philippa Bounds, Robertus Mooldijk, Rachel Solway, Huibert Vigeveno, and Zoe Yujnovich.

What is the total value of the performance shares awarded?

The total value of the awarded performance shares exceeds millions of pounds.

Under which plan were the performance shares awarded?

The performance shares were awarded under the Long Term Incentive Plan (LTIP).

In which currencies were the awards made?

The awards were made in GBP and EUR.

What regulations is the notification made in accordance with?

The notification is made in accordance with Article 19 of the EU Market Abuse Regulation.