Director/PDMR Shareholding

Rhea-AI Summary

Shell (NYSE:SHEL) disclosed a management share transaction under EU and UK market abuse regulations. Chief Executive Officer Wael Sawan disposed of 40,000 ordinary shares of €0.07 each in Shell.

The transaction was executed in Amsterdam on May 22, 2026 at a price of €37.170105 per share, for a total value of €1,486,804.20.

AI-generated analysis. Not financial advice.

Key Figures

Disposal price: €37.170105 Disposal volume: 40,000 shares Transaction value: €1,486,804.20 +1 more

4 metrics

Disposal price €37.170105 Price per ordinary share disposed by CEO on May 22, 2026

Disposal volume 40,000 shares Ordinary shares of €0.07 each sold by CEO

Transaction value €1,486,804.20 Total consideration for CEO’s disposal on May 22, 2026

Transaction date May 22, 2026 Date of PDMR share disposal in Amsterdam

Market Reality Check

Price: $86.93 Vol: Volume 5,665,587 is below...

low vol

$86.93 Last Close

Volume Volume 5,665,587 is below 20-day average 8,943,293 (relative volume 0.63). low

Technical Trading above 200-day MA at 78.31; shares are 8.4% below 52-week high of 94.9.

Peers on Argus

SHEL is up 0.24% while key peers CVX, XOM, TTE, BP and PBR show declines between...

SHEL is up 0.24% while key peers CVX, XOM, TTE, BP and PBR show declines between about -0.89% and -1.98%, indicating stock-specific resilience vs. broader energy weakness.

Historical Context

5 past events · Latest: May 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 20	Share repurchase	Positive	-1.5%	Disclosure of 225,000-share buy-back for cancellation on 19 May 2026.
May 19	AGM results	Neutral	-0.8%	Annual General Meeting outcomes with resolutions 1–22 approved.
May 19	Share repurchase	Positive	-0.8%	Announcement of 231,000-share buy-back on 18 May 2026.
May 18	Share repurchase	Positive	+3.8%	Repurchase of 1,450,000 shares across multiple venues on 15 May 2026.
May 15	Share repurchase	Positive	+1.0%	Buy-back of 1,297,296 shares on 14 May 2026 under ongoing programme.

Pattern Detected

Recent buy-back disclosures often saw mixed reactions, with both aligned gains and divergences where shares slipped after positive capital-return news.

Recent Company History

In the last week, Shell has repeatedly highlighted its capital return strategy via multiple “Transaction in Own Shares” updates, including repurchases of 1,450,000 shares on 15 May 2026 and 1,297,296 shares on 14 May 2026. These were executed under a buy-back programme running from 7 May to 24 July 2026. The 19 May 2026 AGM saw resolutions 1–22 approved. Price reactions have alternated between modest declines and rises, showing no uniform pattern around these corporate actions.

Market Pulse Summary

This announcement details a notified disposal by Shell’s Chief Executive Officer of 40,000 ordinary ...

Analysis

This announcement details a notified disposal by Shell’s Chief Executive Officer of 40,000 ordinary shares at €37.170105 each, totalling €1,486,804.20, under EU and UK market abuse regimes. Set against recent news dominated by large share repurchases and AGM approvals, it adds another governance and capital-structure data point. Investors may watch for further PDMR filings and subsequent buy-back activity to assess how leadership transactions intersect with Shell’s ongoing capital return programme.

Key Terms

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

4 terms

persons discharging managerial responsibilities regulatory

"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.

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.

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.

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

May 22, 2026

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/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	EUR
Price	€37.170105
Volume	40,000
Total	€1,486,804.20
Aggregated information:
Price	€37.170105
Volume	40,000
Total	€1,486,804.20
Date of transaction	May 22, 2026
Place of transaction	Amsterdam

Julie Keefe
Deputy Company Secretary

ENQUIRIES

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

FAQ

What insider share transaction did Shell (SHEL) report on May 22, 2026?

Shell reported that CEO Wael Sawan disposed of 40,000 ordinary shares on May 22, 2026. According to Shell, the shares were sold in Amsterdam at €37.170105 each, for a total value of €1,486,804.20, under market abuse disclosure rules.

How many Shell (SHEL) shares did CEO Wael Sawan sell and at what price?

CEO Wael Sawan sold 40,000 Shell ordinary shares at €37.170105 per share. According to Shell, this disposal of €0.07 nominal value shares resulted in an aggregated transaction amount of €1,486,804.20, reported under EU and UK market abuse regimes.

What is the total value of Wael Sawan’s May 22, 2026 Shell (SHEL) share sale?

The total value of Wael Sawan’s Shell share sale is €1,486,804.20. According to Shell, the CEO disposed of 40,000 ordinary shares at a price of €37.170105 each, as disclosed in mandatory PDMR transaction reporting.

Where was the May 22, 2026 Shell (SHEL) CEO share transaction executed?

The May 22, 2026 CEO share transaction was executed in Amsterdam. According to Shell, Wael Sawan disposed of 40,000 ordinary shares there at €37.170105 per share, triggering public disclosure under EU and UK market abuse regulations.

What type of financial instrument did Shell (SHEL) disclose in the CEO’s May 2026 transaction?

Shell disclosed a transaction in ordinary shares with a nominal value of €0.07 each. According to Shell, CEO Wael Sawan sold 40,000 of these ordinary shares identified by code GB00BP6MXD84, for an aggregated consideration of €1,486,804.20.

Why did Shell (SHEL) publish details of Wael Sawan’s share disposal?

Shell published the details to comply with EU and UK market abuse disclosure requirements. According to Shell, the notification records CEO Wael Sawan’s disposal of 40,000 ordinary shares in Amsterdam on May 22, 2026, including price, volume, and total transaction value.