Director/PDMR Shareholding
Shell (SHEL) notified multiple PDMR share acquisitions dated 25-26 February 2026.
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.
Rhea-AI Summary
Shell (SHEL) notified multiple PDMR share acquisitions dated 25-26 February 2026. Senior executives received shares from bonus delivery: largest grant was 23,980 shares to CEO Wael Sawan at GBP 30.11. Purchases occurred outside a trading venue and carry a three-year holding period.
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Argus
Feb 27 session
+2.87%
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Details
News Market Reaction – SHEL
On Feb 27, the day this news came out, SHEL closed 2.87% above the previous close.
Data tracked by StockTitan Argus for the Feb 27 session.
Key Figures
CEO bonus shares: 23,980 shares
CEO share price: GBP 30.11
CEO bonus value: GBP 722,037.80
+5 more
- CEO bonus shares
- 23,980 shares
- Wael Sawan bonus delivered in shares at GBP 30.11
- CEO share price
- GBP 30.11
- Per-share price for Wael Sawan bonus share delivery
- CEO bonus value
- GBP 722,037.80
- Total value of Wael Sawan bonus shares
- CFO bonus shares
- 15,841 shares
- Sinead Gorman bonus delivered in shares at GBP 30.11
- Trading & Supply shares
- 6,853 shares
- Andrew Smith bonus shares at EUR 34.57
- Trading & Supply value
- EUR 236,908.21
- Total value of Andrew Smith bonus shares
- Integrated Gas shares
- 5,321 shares
- Cederic Cremers bonus shares at EUR 34.18
- Ordinary share nominal
- €0.07
- Nominal value of each ordinary share referenced in disclosures
Historical Context
5 past events · Latest: Feb 26
5 events
-
Disclosure of 1,287,020 shares repurchased for cancellation under buy-back.
-
Report of 1,090,750 shares bought back as part of ongoing programme.
-
Company repurchased 1,191,059 shares across multiple trading venues.
-
Announcement of 1,028,319 shares purchased for cancellation that day.
-
Disclosure of 1,595,356 shares repurchased and cancelled under 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, pdmr, legal entity identifier, ordinary shares, +2 more
6 terms
persons discharging managerial responsibilities regulatory
"NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES"
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.
pdmr regulatory
"Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have received"
A PDMR (person discharging managerial responsibilities) is an individual who can shape a company’s strategy or finances—typically senior executives, board members, or close advisors with decision-making authority. Investors care because PDMRs often hold material, non‑public information and their buying or selling of shares must be reported; monitoring those disclosures is like watching a ship’s captain to read the likely course and spot possible insider risk.
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.
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.
trading venue technical
"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.
| 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 27, 2026 | ||||
| Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have received the number of shares as set out below. A percentage of the PDMR’s annual bonus is delivered in cash and a percentage is delivered in shares. Shares are subject to a three-year holding period, which continues to apply after PDMRs leave employment. | ||||
| PDMR | Date Acquired | Share Type | Number of shares acquired | Purchase price per Share |
| Wael Sawan | 26 February 2026 | SHEL (LSE) | 23,980 | GBP 30.11 |
| Sinead Gorman | 26 February 2026 | SHEL (LSE) | 15,841 | GBP 30.11 |
| Philippa Bounds | 26 February 2026 | SHEL (LSE) | 6,892 | GBP 30.11 |
| Peter Costello | 26 February 2026 | SHEL (LSE) | 3,060 | GBP 30.11 |
| Andrew Smith | 26 February 2026 | SHELL (AMS) | 6,853 | EUR 34.57 |
| Rachel Solway | 26 February 2026 | SHEL (LSE) | 6,892 | GBP 30.11 |
| Cederic Cremers | 25 February 2026 | SHELL (AMS) | 5,321 | EUR 34.18 |
| Machteld de Haan | 25 February 2026 | SHELL (AMS) | 4,979 | EUR 34.18 |
| Robin Mooldijk | 25 February 2026 | SHELL (AMS) | 3,648 | EUR 34.18 |
| The Notification of Dealing Form for each PDMR can be found below. | ||||
| Julie Keefe | ||||
| Deputy Company Secretary | ||||
| ENQUIRIES | ||||
| Shell Media Relations | ||||
| International, UK, European Press: +44 20 7934 5550 | ||||
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | GBP |
| Price | 30.11 |
| Volume | 23,980.00 |
| Total | 722,037.80 |
| Aggregated information | |
| Volume | 23,980.00 |
| Price | 30.11 |
| Total | 722,037.80 |
| Date of transaction | 26/02/2026 |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | GBP |
| Price | 30.11 |
| Volume | 15,841.00 |
| Total | 476,972.51 |
| Aggregated information | |
| Volume | 15,841.00 |
| Price | 30.11 |
| Total | 476,972.51 |
| Date of transaction | 26/02/2026 |
| 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/ 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | GBP |
| Price | 30.11 |
| Volume | 6,892.00 |
| Total | 207,518.12 |
| Aggregated information | |
| Volume | 6,892.00 |
| Price | 30.11 |
| Total | 207,518.12 |
| Date of transaction | 26/02/2026 |
| Place of transaction | Outside a trading venue |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | GBP |
| Price | 30.11 |
| Volume | 3,060.00 |
| Total | 92,136.60 |
| Aggregated information | |
| Volume | 3,060.00 |
| Price | 30.11 |
| Total | 92,136.60 |
| Date of transaction | 26/02/2026 |
| Place of transaction | Outside a trading venue |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | EUR |
| Price | 34.57 |
| Volume | 6,853.00 |
| Total | 236,908.21 |
| Aggregated information | |
| Volume | 6,853.00 |
| Price | 34.57 |
| Total | 236,908.21 |
| Date of transaction | 26/02/2026 |
| 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 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | GBP |
| Price | 30.11 |
| Volume | 6,892.00 |
| Total | 207,518.12 |
| Aggregated information | |
| Volume | 6,892.00 |
| Price | 30.11 |
| Total | 207,518.12 |
| Date of transaction | 26/02/2026 |
| Place of transaction | Outside a trading venue |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | EUR |
| Price | 34.18 |
| Volume | 5,321.00 |
| Total | 181,871.78 |
| Aggregated information | |
| Volume | 5,321.00 |
| Price | 34.18 |
| Total | 181,871.78 |
| Date of transaction | 25/02/2026 |
| Place of transaction | Outside a trading venue |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | EUR |
| Price | 34.18 |
| Volume | 4,979.00 |
| Total | 170,182.22 |
| Aggregated information | |
| Volume | 4,979.00 |
| Price | 34.18 |
| Total | 170,182.22 |
| Date of transaction | 25/02/2026 |
| Place of transaction | Outside a trading venue |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |
| First Name(s) | Robin |
| Last Name(s) | Mooldijk |
| 2. Reason for the notification | |
| Position/status | President, Projects & Technology |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Delivery of |
| Currency | EUR |
| Price | 34.18 |
| Volume | 3,648.00 |
| Total | 124,688.64 |
| Aggregated information | |
| Volume | 3,648.00 |
| Price | 34.18 |
| Total | 124,688.64 |
| Date of transaction | 25/02/2026 |
| Place of transaction | Outside a trading venue |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Where can investors find the official Shell (SHEL) notifications for these PDMR transactions?
Investors can access the individual Notification of Dealing forms accompanying the announcement. According to the company, the forms detail volumes, prices, aggregated totals and confirm transactions were executed outside trading venues.