Director/PDMR Shareholding

Rhea-AI Summary

Shell (NYSE:SHEL) disclosed PDMR transactions linked to the Q1 2026 interim dividend paid on 29 June 2026.

On 2 July 2026, several senior managers, including the CEO and CFO, received dividend shares in ordinary shares and American Depositary Shares across Amsterdam, London and New York at specified prices and volumes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

News Market Reaction – SHEL

+0.15%

58 alerts

+0.15% News Effect

+$345M Valuation Impact

$230.25B Market Cap

1.1x Rel. Volume

On the day this news was published, SHEL gained 0.15%, reflecting a mild positive market reaction. Our momentum scanner triggered 58 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $345M to the company's valuation, bringing the market cap to $230.25B at that time.

Data tracked by StockTitan Argus on the day of publication.

What This Means

Multiple PDMRs received dividend shares across EUR, GBP and USD lines, adding to management share ex...

Analysis

Multiple PDMRs received dividend shares across EUR, GBP and USD lines, adding to management share exposure. Compared with prior governance and capital updates, this fits a pattern of routine disclosures; the main watchpoint is how such activity aligns with broader capital returns.

Key Figures

Dividend shares acquired: 3,131.40275 shares Purchase price per share: EUR 33.9265 Transaction total: EUR 106,237.54 +5 more

8 metrics

Dividend shares acquired 3,131.40275 shares Wael Sawan, ordinary shares, 02 Jul 2026 (EUR line)

Purchase price per share EUR 33.9265 Wael Sawan, ordinary shares, Amsterdam transaction

Transaction total EUR 106,237.54 Wael Sawan, aggregated information, Amsterdam

Dividend shares acquired 2,504.94524 shares Wael Sawan, ordinary shares, 02 Jul 2026 (GBP line)

Purchase price per share GBP 28.87677 Multiple PDMRs, ordinary shares, London transactions

Transaction total GBP 96,032.06 Sinead Gorman, aggregated information, London

ADS dividend shares 22.45849 ADS Machteld de Haan, American Depositary Shares, New York

ADS purchase price USD 78.03 Machteld de Haan, ADS transaction, New York

Historical Context

5 past events · Latest: Jun 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 30	Capital structure update	Neutral	+0.8%	Reported total voting rights and share count as of June 30, 2026.
Jun 15	Dividend payment details	Neutral	-3.6%	Confirmed currency equivalents for first quarter 2026 interim dividend and payment date.
Jun 12	Buyback programme update	Neutral	-0.2%	Announced temporary pause of $3.0 billion share buyback programme due to regulatory constraints.
Jun 12	Share repurchase report	Neutral	-0.2%	Disclosed 1,986,023 shares repurchased for cancellation under ongoing buy-back programme.
Jun 11	Share repurchase report	Neutral	-0.2%	Reported 1,901,813 shares bought back across multiple venues with VWAP around £32.14–£32.16.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Shell disclosures on capital, dividends and buybacks have typically produced modest single-day share moves within about +1% to -4%.

Regulatory & Risk Context

Short Interest: 1.07%

Short Interest

1.07% of float

0% 15% 30%+

low as of 2026-06-15 Days to cover: 4.49

Short interest data indicated relatively low positioning, implying limited short-squeeze potential and generally less extreme volatility driven purely by short covering pressure.

Key Terms

persons discharging managerial responsibilities, market abuse, legal entity identifier, american depository shares

4 terms

persons discharging managerial responsibilities regulatory

"the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend"

Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.

market abuse regulatory

"in accordance with the requirements of the EU and UK Market Abuse regimes"

Market abuse is illegal or unethical behavior that distorts the price or fairness of buying and selling financial assets, such as using secret information to trade, spreading false or misleading news, or creating fake buying and selling to give a false impression of demand. It matters to investors because it can cause unfair losses, unreliable prices and legal or reputational fallout; like cheating in a game or tampering with a scale, it destroys confidence that markets reflect true value.

legal entity identifier regulatory

"Legal Entity Identifier code | 21380068P1DRHMJ8KU70"

A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.

american depository shares financial

"Description of the financial instrument | American Depository Shares (SHEL)"

American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
July 6, 2026
Shell plc (the "Company") has been notified that following the payment of the interim dividend on June 29, 2026 in respect of the first quarter of 2026, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. Further information can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2025 (www.shell.com/annualreport).
PDMR	Date of Transaction	Share Type	Number of dividend shares acquired	Purchase price per Share
Wael Sawan	02 July 2026	Ordinary Shares of €0.07 each	3,131.40275	EUR 33.9265
Wael Sawan	02 July 2026	Ordinary Shares of €0.07 each	2,504.94524	GBP 28.87677
Sinead Gorman	02 July 2026	Ordinary Shares of €0.07 each	3,325.58192	GBP 28.87677
Philippa Bounds	02 July 2026	Ordinary Shares of €0.07 each	0.00607	EUR 33.9265
Philippa Bounds	02 July 2026	Ordinary Shares of €0.07 each	346.31749	GBP 28.87677
Peter Costello	02 July 2026	Ordinary Shares of €0.07 each	31.71838	EUR 33.9265
Peter Costello	02 July 2026	Ordinary Shares of €0.07 each	1,346.17166	GBP 28.87677
Cederic Cremers	02 July 2026	Ordinary Shares of €0.07 each	499.8664	EUR 33.9265
Machteld de Haan	02 July 2026	Ordinary Shares of €0.07 each	538.37297	EUR 33.9265
Machteld de Haan	02 July 2026	American Depositary Shares	22.45849	USD 78.03
Andrew Smith	02 July 2026	Ordinary Shares of €0.07 each	798.82389	EUR 33.9265
Rachel Solway	02 July 2026	Ordinary Shares of €0.07 each	154.76587	GBP 28.87677
The Notification of Dealing Form for each PDMR can be found below.
Karen Heslop
Deputy Company Secretary
ENQUIRIES
Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	33.9265
Volume	3,131.40275
Total	106,237.54
Aggregated information
Volume	3,131.40275
Price	33.9265
Total	106,237.54
Date of transaction	02/07/2026
Place of transaction	Amsterdam

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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	28.87677
Volume	2,504.94524
Total	72,334.73
Aggregated information
Volume	2,504.94524
Price	28.87677
Total	72,334.73
Date of transaction	02/07/2026
Place of transaction	London

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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	28.87677
Volume	3,325.58192
Total	96,032.06
Aggregated information
Volume	3,325.58192
Price	28.87677
Total	96,032.06
Date of transaction	02/07/2026
Place of transaction	London

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	Chief Legal 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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	33.9265
Volume	0.00607
Total	0.21
Aggregated information
Volume	0.00607
Price	33.9265
Total	0.21
Date of transaction	02/07/2026
Place of transaction	Amsterdam

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	Chief Legal 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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	28.87677
Volume	346.31749
Total	10,000.53
Aggregated information
Volume	346.31749
Price	28.87677
Total	10,000.53
Date of transaction	02/07/2026
Place of transaction	London

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Peter
Last Name(s)	Costello
2. Reason for the notification
Position/status	President, Upstream
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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	33.9265
Volume	31.71838
Total	1,076.09
Aggregated information
Volume	31.71838
Price	33.9265
Total	1,076.09
Date of transaction	02/07/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Peter
Last Name(s)	Costello
2. Reason for the notification
Position/status	President, Upstream
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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	28.87677
Volume	1,346.17166
Total	38,873.09
Aggregated information
Volume	1,346.17166
Price	28.87677
Total	38,873.09
Date of transaction	02/07/2026
Place of transaction	London

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Cederic
Last Name(s)	Cremers
2. Reason for the notification
Position/status	President, Integrated Gas
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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	33.9265
Volume	499.8664
Total	16,958.72
Aggregated information
Volume	499.8664
Price	33.9265
Total	16,958.72
Date of transaction	02/07/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Machteld
Last Name(s)	de Haan
2. Reason for the notification
Position/status	President, Downstream, Renewables and Energy Solutions
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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	33.9265
Volume	538.37297
Total	18,265.11
Aggregated information
Volume	538.37297
Price	33.9265
Total	18,265.11
Date of transaction	02/07/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Machteld
Last Name(s)	de Haan
2. Reason for the notification
Position/status	President, Downstream, Renewables and Energy Solutions
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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	USD
Price	78.03
Volume	22.45849
Total	1,752.44
Aggregated information
Volume	22.45849
Price	78.03
Total	1,752.44
Date of transaction	02/07/2026
Place of transaction	New York

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Andrew
Last Name(s)	Smith
2. Reason for the notification
Position/status	President, Trading and Supply
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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	33.9265
Volume	798.82389
Total	27,101.30
Aggregated information
Volume	798.82389
Price	33.9265
Total	27,101.30
Date of transaction	02/07/2026
Place of transaction	Amsterdam

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 and 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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	28.87677
Volume	154.76587
Total	4,469.14
Aggregated information
Volume	154.76587
Price	28.87677
Total	4,469.14
Date of transaction	02/07/2026
Place of transaction	London

FAQ

What PDMR share transactions did Shell (NYSE:SHEL) report on 6 July 2026?

Shell reported dividend share acquisitions by several PDMRs on 2 July 2026. According to Shell, these involved ordinary shares and American Depositary Shares received as dividend shares following the Q1 2026 interim dividend, executed in Amsterdam, London and New York at disclosed prices and volumes.

Which Shell executives acquired dividend shares on 2 July 2026 and in what context?

On 2 July 2026, Shell executives including Wael Sawan, Sinead Gorman and other PDMRs acquired dividend shares. According to Shell, the shares relate to dividends on stock previously delivered under annual bonus awards and employee share plans and held in Share Plan Accounts.

How many Shell shares did CEO Wael Sawan receive as dividend shares on 2 July 2026?

Wael Sawan received 3,131.40275 ordinary shares in EUR and 2,504.94524 in GBP. According to Shell, these dividend shares were credited at EUR 33.9265 and GBP 28.87677 per share, with transactions executed in Amsterdam and London respectively on 2 July 2026.

What is the nature of the Shell (SHEL) PDMR dividend share transactions disclosed in July 2026?

The transactions are allocations of dividend shares on already‑held incentive and bonus shares. According to Shell, they reflect dividends on shares previously delivered under annual bonus and employee share plans and retained in Share Plan Accounts, not open‑market purchases by the PDMRs.

In which markets and currencies were Shell’s 2 July 2026 PDMR dividend share transactions executed?

The PDMR dividend share transactions were executed in Amsterdam, London and New York. According to Shell, ordinary shares were transacted in euros and pounds, while American Depositary Shares were transacted in U.S. dollars, with detailed prices and volumes disclosed for each executive.