Director/PDMR Shareholding

Rhea-AI Summary

Shell plc announced the vesting of shares under the Powering Progress Share Award (PPSA) for its Upstream Director, Zoe Yujnovich. On June 20, 2022, 53 shares of Shell (AMS) were vested, following the conditional award granted on June 18, 2021. This notification complies with Article 19 of the EU Market Abuse Regulation. The transaction took place outside a trading venue, and the shares were vested at a price of NIL. The announcement reinforces Shell's commitment to transparency in its managerial transactions.

Positive

• Compliance with EU Market Abuse Regulation enhances corporate governance.
• Vesting of shares reflects the company's commitment to aligning managerial incentives with shareholder interests.

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 24, 2022

Shell plc announces that the following Person Discharging Managerial Responsibilities (“PDMR”) has received the number of shares of Shell plc as set out below, following the vesting of a conditional award 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
Zoe Yujnovich	June 20, 2022	SHELL (AMS)	53

The Notification of Dealing Form for the 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)	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 award granted in 2021 under the Powering Progress Share Award (PPSA)
Currency	EUR
Price	NIL
Volume	53
Total	N/A
Aggregated information Volume Price Total	53 NIL N/A
Date of transaction	June 20, 2022
Place of transaction	Outside a trading venue

 

FAQ

What is the significance of the share vesting announcement by Shell on June 24, 2022?

The announcement details the vesting of 53 shares to Zoe Yujnovich under the Powering Progress Share Award, highlighting transparency in managerial transactions.

Who received shares in Shell plc as per the June 24, 2022 announcement?

Zoe Yujnovich, the Upstream Director at Shell, received 53 shares on June 20, 2022, following a prior conditional award.

What is the Powering Progress Share Award related to Shell plc?

The Powering Progress Share Award (PPSA) is a program designed to align the interests of management with shareholders by granting share awards based on performance.

What does the vesting of shares mean for Shell plc shareholders?

The vesting of shares indicates that management is being rewarded in line with company performance, which may align their interests with those of shareholders.