What did SHEL disclose about Rachel Solway's share sale on March 5, 2026?

She sold 9,000 ordinary shares at £31.00, totaling £279,026.65. According to Shell, the disposal was executed outside a trading venue on March 5, 2026 and reported as an initial notification by the Chief Human Resources and Corporate Officer.

Do the March 2026 SHEL disclosures affect outstanding share count or dilution?

These director disposals are sales of existing shares and do not create new shares or dilution. According to Shell, the disclosures report individual PDMR transactions and do not change the company's issued share capital.

Where can investors find the transaction details for SHEL director share sales in March 2026?

Transaction specifics are in the company disclosure listing name, date, price, volume, and place of trade. According to Shell, notifications include prices, volumes and whether the trade was on-exchange or outside a trading venue.

Director/PDMR Shareholding

Shell plc (SHEL) published notifications of share disposals by two persons discharging managerial responsibilities on March 5–6, 2026.

Rhea-AI Impact

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Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

Shell plc (SHEL) published notifications of share disposals by two persons discharging managerial responsibilities on March 5–6, 2026. Rachel Solway disposed of 9,000 ordinary shares at £31.00 (£279,026.65) on March 5, 2026 outside a trading venue. Philippa Bounds disposed of 6,000 ordinary shares at £31.07 (£186,420) on March 6, 2026 on the London Stock Exchange.

Argus Mar 9 session

+1.05% close to close Open Argus

Details

News Market Reaction – SHEL

On Mar 9, the day this news came out, SHEL closed 1.05% above the previous close.

Data tracked by StockTitan Argus for the Mar 9 session.

Key Figures

Disposal price: £31.00 Shares disposed: 9,000 Transaction value: £279,026.65 +3 more

Disposal price: £31.00; Sale of ordinary shares by Rachel Solway on March 5, 2026
Shares disposed: 9,000; Volume sold by Rachel Solway
Transaction value: £279,026.65; Total proceeds from Rachel Solway’s disposal
Disposal price: £31.07; Sale of ordinary shares by Philippa Bounds on March 6, 2026
Shares disposed: 6,000; Volume sold by Philippa Bounds
Transaction value: £186,420; Total proceeds from Philippa Bounds’ disposal

Historical Context

5 past events · Latest: Mar 05

5 events

Mar 05
Share buy-back update

24h Move

+0.3%

Purchase and cancellation of 1,109,500 shares under existing buy-back programme.
Mar 05
PDMR share awards

24h Move

+0.3%

Vesting of 2023 LTIP nil-price awards to senior executives outside a trading venue.
Mar 04
Share buy-back update

24h Move

+0.5%

Purchase of 1,949,746 shares for cancellation across multiple trading venues.
Mar 04
PDMR share award

24h Move

+0.5%

Conditional award of 11,269 shares to a senior executive under Shell Share Plan 2023.
Mar 03
Share buy-back update

24h Move

-2.2%

Purchase and cancellation of 2,060,266 shares under the existing buy-back programme.

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

Key Terms

persons discharging managerial responsibilities, market abuse, legal entity identifier, ordinary shares, +1 more

5 terms

persons discharging managerial responsibilities regulatory

"OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE"

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.

ordinary shares financial

"Description of the financial instrument | Ordinary shares of €0.07 each"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

trading venue regulatory

"Place of transaction | Outside a trading venue"

A trading venue is any organized place or system where buyers and sellers meet to swap stocks, bonds or other securities, like a physical market or an online exchange. It matters to investors because the venue determines how easily orders are filled, how quickly prices move, what rules and fees apply, and how transparent pricing is — much like choosing a busy bazaar versus a small shop affects price, speed and cost.

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

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03/09/2026 - 06:02 AM EDT

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 9, 2025

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/amendments	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	Disposal of ordinary shares
Currency	GBP
Price	£31.00
Volume	9,000
Total	£279,026.65
Aggregated information:
Price	£31.00
Volume	9,000
Total	£279,026.65
Date of transaction	March 5, 2026
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	Chief Legal Officer
Initial notification/amendments	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	Disposal of ordinary shares
Currency	GBP
Price	£31.07
Volume	6,000
Total	£186,420
Aggregated information:
Price	£31.07
Volume	6,000
Total	£186,420
Date of transaction	March 6, 2026
Place of transaction	London Stock Exchange

Julie Keefe
Deputy Company Secretary

ENQUIRIES

Shell Media Relations
International, UK, European Press: +44 20 7934 5550

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did SHEL Chief Legal Officer Philippa Bounds sell on March 6, 2026?

She sold 6,000 ordinary shares at £31.07, totaling £186,420. According to Shell, the transaction occurred on the London Stock Exchange on March 6, 2026 and was filed as an initial notification by the Chief Legal Officer.

Will the March 5–6, 2026 PDMR disposals trigger insider trading concerns for SHEL shareholders?

The disclosures are routine PDMR filings required by market abuse rules and do not by themselves imply wrongdoing. According to Shell, these are initial notifications reporting lawful disposals by named persons discharging managerial responsibilities.

Director/PDMR Shareholding