Director/PDMR Shareholding
On March 8, 2022, Shell plc disclosed that several Persons Discharging Managerial Responsibilities (PDMRs) received shares following the vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP). Notable recipients include CEO Ben van Beurden, who received 113,445 shares, and CFO Jessica Uhl, who received 29,134 American Depository Shares (SHEL). The transactions were executed on March 3, 2022, with no monetary price attributed, as the awards vested without a cash transaction. This disclosure aligns with the EU Market Abuse Regulation.
- High number of shares vested, indicating confidence in company performance.
- Retention of key management personnel through incentive plans.
- None.
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 8, 2022
Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have received the number of shares of Shell plc as set out below following the vesting of conditional awards granted in 2019 under the Long Term Incentive Plan (“LTIP”).
Details of the LTIP can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2020 (www.shell.com/annualreport).
LONG TERM INCENTIVE PLAN | |||
PDMR | VESTING DATE | SHARE TYPE | NUMBER OF SHARES VESTED |
Ben van Beurden | March 3, 2022 | SHELL (AMS) | 113,445 |
Jessica Uhl | March 3, 2022 | SHEL ADS (NYSE) | 29,134 |
Harry Brekelmans | March 3, 2022 | SHELL (AMS) | 32,059 |
Ronan Cassidy | March 3, 2022 | SHEL (LSE) | 27,446 |
Donny Ching | March 3, 2022 | SHELL (AMS) | 23,899 |
Ed Daniels | March 3, 2022 | SHEL (LSE) | 13,139 |
Wael Sawan | March 3, 2022 | SHELL (AMS) | 27,396 |
Huibert Vigeveno | March 3, 2022 | SHELL (AMS) | 13,115 |
Zoe Yujnovich | March 3, 2022 | SHELL (AMS) | 13,115 |
The Notification of Dealing Form for each PDMR can be found below.
This notification is made in accordance with Article 19 of the EU Market Abuse Regulation.
Anthony Clarke
Deputy Company Secretary
ENQUIRIES
Shell Media Relations
International, UK, European Press: +44 20 7934 5550
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be disclosed under the laws of a Member State.
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Ben |
Last Name(s) | van Beurden |
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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | EUR |
Price | NIL |
Volume | 113,445 |
Total | N/A |
Aggregated information Volume Price Total | 113,445 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Uhl |
Last Name(s) | Jessica |
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 | American Depository Shares (SHEL) |
Identification Code | US7802593050 |
Nature of the transaction | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | USD |
Price | NIL |
Volume | 29,134 |
Total | N/A |
Aggregated information Volume Price Total | 29,134 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Harry |
Last Name(s) | Brekelmans |
2. Reason for the notification | |
Position/status | Projects and Technology Director |
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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | EUR |
Price | NIL |
Volume | 32,059 |
Total | N/A |
Aggregated information Volume Price Total | 32,059 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Ronan |
Last Name(s) | Cassidy |
2. Reason for the notification | |
Position/status | Chief Human Resources & 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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | GBP |
Price | NIL |
Volume | 27,446 |
Total | N/A |
Aggregated information Volume Price Total | 27,446 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Donny |
Last Name(s) | Ching |
2. Reason for the notification | |
Position/status | Legal Director |
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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | EUR |
Price | NIL |
Volume | 23,899 |
Total | N/A |
Aggregated information Volume Price Total | 23,899 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Ed |
Last Name(s) | Daniels |
2. Reason for the notification | |
Position/status | Strategy, Sustainability and Corporate Relations Director |
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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | GBP |
Price | NIL |
Volume | 13,139 |
Total | N/A |
Aggregated information Volume Price Total | 13,139 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
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 | Integrated Gas, Renewables and Energy Solutions Director |
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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | EUR |
Price | NIL |
Volume | 27,396 |
Total | N/A |
Aggregated information Volume Price Total | 27,396 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Huibert |
Last Name(s) | Vigeveno |
2. Reason for the notification | |
Position/status | Downstream Director |
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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | EUR |
Price | NIL |
Volume | 13,115 |
Total | N/A |
Aggregated information Volume Price Total | 13,115 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
1. Details of the person discharging managerial responsibilities/person closely associated | |
First Name(s) | Zoe |
Last Name(s) | Yujnovich |
2. Reason for the notification | |
Position/status | Upstream Director |
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 | Vesting of awards granted in 2019 under the Long Term Incentive Plan (LTIP) |
Currency | EUR |
Price | NIL |
Volume | 13,115 |
Total | N/A |
Aggregated information Volume Price Total | 13,115 NIL N/A |
Date of transaction | March 3, 2022 |
Place of transaction | Outside a trading venue |
FAQ
What is the significance of the recent share vesting at Shell plc?
How many shares did Ben van Beurden receive from the LTIP?
When did the vesting of shares occur for Shell's management?
What are American Depository Shares (SHEL)?