Director/PDMR Shareholding

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.

News Market Reaction – SHEL

+1.05%

1 alert

+1.05% News Effect

On the day this news was published, SHEL gained 1.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

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

6 metrics

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

Market Reality Check

Price: $85.59 Vol: Volume 9,919,221 is 1.52x...

high vol

$85.59 Last Close

Volume Volume 9,919,221 is 1.52x the 20-day average of 6,532,538 shares. high

Technical Price 84.70 trades above the 200-day MA at 73.24, near the 52-week high of 85.16.

Peers on Argus

Momentum scanner flags 5 energy peers (e.g., XOM, CVX, PBR) moving up between 0....

5 Up

Momentum scanner flags 5 energy peers (e.g., XOM, CVX, PBR) moving up between 0.68% and 2.06%, but this move is not classified as a sector-wide rotation.

Historical Context

5 past events · Latest: Mar 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 05	Share buy-back update	Positive	+0.3%	Purchase and cancellation of 1,109,500 shares under existing buy-back programme.
Mar 05	PDMR share awards	Positive	+0.3%	Vesting of 2023 LTIP nil-price awards to senior executives outside a trading venue.
Mar 04	Share buy-back update	Positive	+0.5%	Purchase of 1,949,746 shares for cancellation across multiple trading venues.
Mar 04	PDMR share award	Positive	+0.5%	Conditional award of 11,269 shares to a senior executive under Shell Share Plan 2023.
Mar 03	Share buy-back update	Positive	-2.2%	Purchase and cancellation of 2,060,266 shares under the existing buy-back programme.

Pattern Detected

Recent news has focused on buy-backs and director share dealings, with mostly small positive price reactions and one notable negative divergence despite a buy-back update.

Recent Company History

Over the past week, Shell issued multiple buy-back and Director/PDMR shareholding announcements. Between 03–05 March 2026, several updates detailed share repurchases for cancellation and equity awards under long-term and share plans, generally followed by modest positive moves of 0.29–0.45%. One buy-back disclosure on 03 March 2026 coincided with a -2.24% move, showing that repurchase news does not always align with price direction. Today’s PDMR disposals add to this stream of capital and insider activity disclosures.

Market Pulse Summary

This announcement details disposals of Shell ordinary shares by two senior executives under EU and U...

Analysis

This announcement details disposals of Shell ordinary shares by two senior executives under EU and UK market abuse regimes, providing transparency on prices, volumes, and venues. It follows several recent disclosures on buy-backs and PDMR share awards, indicating an active cadence of capital and insider reporting. Investors may monitor future Director/PDMR notifications, the scale and pace of buy-backs, and Shell’s position near its 52-week high to contextualize these routine regulatory filings.

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. Not financial advice.

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

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.

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.

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.

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.