Director/PDMR Shareholding

Shell plc (SHEL) announced a conditional award of 11,269 ordinary shares to Andrew Smith, President, Trading and Supply, under the Shell Share Plan 2023.

Rhea-AI Summary

Shell plc (SHEL) announced a conditional award of 11,269 ordinary shares to Andrew Smith, President, Trading and Supply, under the Shell Share Plan 2023.

The award was granted on 2 March 2026, priced at €35.93 per share, valuing the award at €404,895.17, and recorded as executed outside a trading venue.

Argus Mar 4 session

+0.45% close to close Open Argus

Details

News Market Reaction – SHEL

On Mar 4, the day this news came out, SHEL closed 0.45% above the previous close.

Data tracked by StockTitan Argus for the Mar 4 session.

Key Figures

Shares awarded: 11,269 shares Award price: 35.93 EUR Award value: 404,895.17 EUR +3 more

Shares awarded

11,269 shares

Conditional award to Andrew Smith under Shell Share Plan 2023

Award price

35.93 EUR

Price used in conditional share award

Award value

404,895.17 EUR

Total value of conditional share award

Transaction date

02/03/2026

Date of conditional share award transaction

Publication date

March 4, 2026

Announcement date of PDMR shareholding

Share nominal value

€0.07

Ordinary shares of €0.07 each

Historical Context

5 past events · Latest: Mar 03

5 events

1. Mar 03

   Share buy-back

   24h Move

   -2.2%

   Disclosure of 2,060,266 shares purchased and cancelled under buy-back programme.

2. Mar 02

   Share buy-back

   24h Move

   +0.8%

   Repurchase of 153,314 shares for cancellation across multiple trading venues.

3. Feb 27

   Share buy-back

   24h Move

   +2.9%

   Purchase of 867,321 shares for cancellation as part of ongoing buy-back.

4. Feb 27

   PDMR shareholding

   24h Move

   +2.9%

   Multiple executives received bonus-related share acquisitions with three-year holding period.

5. Feb 27

   Voting rights update

   24h Move

   +2.9%

   Notification of total voting rights and 5,663,769,613 ordinary shares in issue.

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

Key Terms

person discharging managerial responsibilities, market abuse, legal entity identifier, ordinary shares, +2 more

6 terms

person discharging managerial responsibilities regulatory

"NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES"

A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.

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.

identification code technical

"Identification Code | GB00BP6MXD84"

A unique alphanumeric label assigned to a financial instrument, company, or official document that lets market participants unambiguously identify and track it across trading, settlement, and filing systems. Think of it like a barcode or social security number for a stock, bond, or corporate filing: it prevents confusion between similarly named instruments, reduces trading and reporting errors, and helps investors verify they are looking at the correct asset and historical data.

conditional award financial

"Nature of the transaction | Conditional award of shares of Shell plc"

A conditional award is a promise to give securities or pay compensation that only becomes real if specified conditions are met, such as performance targets, continued employment, regulatory or shareholder approval, or achievement of milestones. For investors, these awards matter because they can increase the number of shares outstanding and company expenses if the conditions are satisfied, and they reveal how management is being incentivized to reach certain goals—like a gift that only arrives once the recipient clears a set of tasks.

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
March 4, 2026
Shell plc announces that the following Person Discharging Managerial Responsibilities (“PDMR”) has been made a conditional award of shares of Shell plc under the Shell Share Plan 2023 as set out below.
PDMR	Date	Share Type	Number of shares awarded
Andrew Smith	2 March 2026	SHELL (AMS)	11,269
The Notification of Dealing Form for the 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)	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	Conditional award of shares of Shell plc under the Shell Share Plan 2023
Currency	EUR
Price	35.93
Volume	11,269
Total	404,895.17
Aggregated information
Volume	11,269
Price	35.93
Total	404,895.17
Date of transaction	02/03/2026
Place of transaction	Outside a trading venue

FAQ

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

What did Shell (SHEL) disclose about Andrew Smith's share award on March 4, 2026?

Shell disclosed a conditional award of 11,269 shares to Andrew Smith on 2 March 2026. According to Shell, the award under the Shell Share Plan 2023 was priced at €35.93 per share, valued at €404,895.17, and recorded outside a trading venue.

How much is the Andrew Smith award worth in euros per Shell (SHEL) disclosure?

The award's stated value is €404,895.17 in total. According to Shell, that total reflects 11,269 shares at a unit price of €35.93 under the Shell Share Plan 2023 on 2 March 2026.

When were the Shell (SHEL) conditional shares for the PDMR granted and where was the transaction recorded?

The conditional award was granted on 2 March 2026 and noted on 4 March 2026. According to Shell, the transaction date is 02/03/2026 and the place of transaction is recorded as outside a trading venue.

What role does Andrew Smith hold at Shell (SHEL) per the disclosure?

Andrew Smith is identified as President, Trading and Supply in the notification. According to Shell, the notification is an initial report of a PDMR conditional award under the Shell Share Plan 2023.

Does the Shell (SHEL) disclosure indicate any cash purchase or open-market trade for the award?

No open-market purchase is indicated; it is a conditional grant under the share plan. According to Shell, the transaction is a conditional award of shares and the place of transaction is recorded as outside a trading venue.