Director/PDMR Shareholding

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.

News Market Reaction – SHEL

+2.87%

1 alert

+2.87% News Effect

On the day this news was published, SHEL gained 2.87%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

CEO bonus shares: 23,980 shares CEO share price: GBP 30.11 CEO bonus value: GBP 722,037.80 +5 more

8 metrics

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

Market Reality Check

Price: $83.51 Vol: Volume 5,767,625 is at 0....

normal vol

$83.51 Last Close

Volume Volume 5,767,625 is at 0.85x the 20-day average, indicating subdued trading ahead of this disclosure. normal

Technical Shares trade above the 200-day MA at 72.75, with price at 81.18, keeping the longer-term uptrend intact.

Peers on Argus

While SHEL was down 1.34%, peers like CVX (+0.68%), XOM (+0.50%), TTE (+0.37%), ...

While SHEL was down 1.34%, peers like CVX (+0.68%), XOM (+0.50%), TTE (+0.37%), BP (+1.41%) and PBR (+0.54%) were all higher, pointing to a stock-specific move rather than a sector-wide shift.

Historical Context

5 past events · Latest: Feb 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	Share buy-back update	Positive	-1.3%	Disclosure of 1,287,020 shares repurchased for cancellation under buy-back.
Feb 25	Share buy-back update	Positive	+1.9%	Report of 1,090,750 shares bought back as part of ongoing programme.
Feb 24	Share buy-back update	Positive	+1.0%	Company repurchased 1,191,059 shares across multiple trading venues.
Feb 23	Share buy-back update	Positive	+0.2%	Announcement of 1,028,319 shares purchased for cancellation that day.
Feb 20	Share buy-back update	Positive	-0.8%	Disclosure of 1,595,356 shares repurchased and cancelled under programme.

Pattern Detected

Recent news has focused on routine share buy-back disclosures, with mixed price reactions around these capital return updates.

Recent Company History

Over the last week, Shell has repeatedly reported daily buy-back activity, cancelling between 1.0M and 1.6M shares per day across UK and European venues. Price reactions to these routine capital return updates have alternated between modest gains and small declines. Today’s announcement shifts focus from company repurchases to PDMR bonus shares with multi-year holding periods, adding detail on management compensation while the broader buy-back programme continues in the background.

Market Pulse Summary

This announcement details how several senior executives received portions of their bonuses in compan...

Analysis

This announcement details how several senior executives received portions of their bonuses in company shares at prices like GBP 30.11 and EUR 34.18–34.57, all subject to a three-year holding period even after leaving employment. It follows a series of buy-back disclosures, adding clarity on management compensation and alignment with shareholders. Investors may watch how these awards interact with ongoing repurchases and future governance or remuneration updates.

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.

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.

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. 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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 50% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 50% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 50% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 25% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 50% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 50% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 50% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 50% of bonus in shares
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Delivery of 25% of bonus in shares
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

What share acquisitions did Shell (SHEL) report on 26 February 2026?

Shell reported several PDMR bonus-share deliveries on 26 February 2026, including 23,980 shares to CEO Wael Sawan. According to the company, grants to other executives were priced at GBP 30.11 on the London market and occurred outside a trading venue.

How many shares and what value did CFO Sinead Gorman receive at SHEL on 26 February 2026?

CFO Sinead Gorman received 15,841 shares at a price of GBP 30.11. According to the company, the aggregated transaction totalled GBP 476,972.51 and the shares were delivered as part of the bonus-share arrangement.

What is the holding period for PDMR shares issued by Shell (SHEL) in February 2026?

The shares are subject to a three-year holding period that continues after employment ends. According to the company, this holding requirement applies to PDMR bonus-share deliveries reported on 25–26 February 2026.

Which SHEL executives received shares on 25 February 2026 and at what approximate totals?

On 25 February 2026, Shell reported grants to executives including Cederic Cremers (5,321 shares) and Machteld de Haan (4,979 shares). According to the company, these were priced at EUR 34.18 and recorded outside a trading venue.

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.