Director/PDMR Shareholding

Rhea-AI Summary

SHELL (SHEL) announced PDMR transactions dated October 31, 2025. CEO Wael Sawan elected to join a Dividend Reinvestment Plan (DRIP) and held 374,808.246425 ordinary shares in a Computershare Share Plan Account as at that date. Chief Legal Officer Philippa Bounds disposed of 5,973 ordinary shares on October 31, 2025 at a price of £28.34 per share for a total of £169,274.82. Transactions were reported under EU/UK market abuse rules; Sawan's DRIP participation was outside a trading venue and Bounds' sale occurred in London.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES

November 3, 2025

Shell plc (the “Company”) announces that on October 31, 2025:

a)      Wael Sawan, a Person Discharging Managerial Responsibilities (“PDMR”) has elected to participate in a Dividend Reinvestment Plan (“DRIP”) and reinvest future dividend payments on his shareholdings in a Computershare Share Plan Account. As at October 31, 2025, Wael Sawan held 374,808.246425 ordinary shares of €0.07 each in the Company in his Computershare Share Plan Account.

b)      Philippa Bounds, a PDMR has sold 5,973 ordinary shares of €0.07 each in the Company.

The Notification of Dealing Form for each PDMR can be found below.

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	Participation in a DRIP to reinvest future dividend payments on shareholdings in a Computershare Share Plan Account. As at October 31, 2025, Wael Sawan held 374,808.246425 ordinary shares in his Computershare Share Plan Account.
Currency	N/A
Price	N/A
Volume	N/A
Total	N/A
Aggregated information Volume Price Total	N/A N/A N/A
Date of transaction	October 31, 2025
Place of transaction	Outside 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 with a nominal value of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Disposal of ordinary shares
Currency	GBP
Price	£28.34
Volume	5,973
Total	£169,274.82
Aggregated information:
Price	£28.34
Volume	5,973
Total	£169,274.82
Date of transaction	October 31, 2025
Place of transaction	London

Julie Keefe
Deputy Company Secretary

ENQUIRIES

Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

FAQ

What did SHEL announce on November 3, 2025 about executive shareholdings?

SHEL reported that CEO Wael Sawan joined a DRIP holding 374,808.246425 shares and CLO Philippa Bounds sold 5,973 shares on October 31, 2025.

How many shares does Wael Sawan hold in his Computershare Share Plan Account as of October 31, 2025 (SHEL)?

Wael Sawan held 374,808.246425 ordinary shares in his Computershare Share Plan Account as at October 31, 2025.

At what price and value did Philippa Bounds sell SHEL shares on October 31, 2025?

Philippa Bounds sold 5,973 shares at £28.34 per share, totaling £169,274.82 on October 31, 2025.

Does Wael Sawan’s DRIP participation change SHEL share count or immediate cash flows?

The announcement states Sawan will reinvest future dividends via DRIP; no immediate share issuance or cash flow impact figures were disclosed.

Where were the SHEL transactions executed and how were they reported?

Sawan’s DRIP participation was reported as occurring outside a trading venue; Bounds’ disposal took place in London and was filed under EU/UK market abuse rules.

How can investors view the formal notification of dealing for SHEL PDMRs?

The company provided the Notification of Dealing forms in the announcement dated November 3, 2025; contact details for enquiries are listed in the release.