Director/PDMR Shareholding
Shell (NYSE:SHEL) reported conditional awards of performance shares under the Shell Share Plan 2023 to senior executives.
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Rhea-AI Summary
Shell (NYSE:SHEL) reported conditional awards of performance shares under the Shell Share Plan 2023 to senior executives. Chief Executive Officer Wael Sawan received 82,987 ordinary shares and Chief Financial Officer Sinead Gorman received 10,964 shares, both awarded on 20 May 2026 at a reference price of £32.52.
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May 21 session
+0.24%
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News Market Reaction – SHEL
On May 21, the day this news came out, SHEL closed 0.24% above the previous close.
Data tracked by StockTitan Argus for the May 21 session.
Key Figures
CEO award shares: 82,987 shares
CFO award shares: 10,964 shares
Par value: €0.07 each
+5 more
- CEO award shares
- 82,987 shares
- Wael Sawan performance share award on 20 May 2026
- CFO award shares
- 10,964 shares
- Sinead Gorman performance share award on 20 May 2026
- Par value
- €0.07 each
- Ordinary shares of Shell plc
- Award price
- £32.52
- Price used for performance share awards
- CEO award value
- £2,698,737.24
- Total value of CEO conditional award
- CFO award value
- £356,549.28
- Total value of CFO conditional award
- Transaction date
- 20/05/2026
- Date of conditional awards to CEO and CFO
- LEI code
- 21380068P1DRHMJ8KU70
- Legal Entity Identifier for Shell plc
Historical Context
5 past events · Latest: May 20
5 events
-
Announced 225,000-share buy-back at VWAP £32.8939 for cancellation.
-
AGM approved Resolutions 1–22, including director elections and buy-back authorities.
-
Reported 231,000-share repurchase on May 18 under the buy-back programme.
-
Disclosed 1,450,000 shares repurchased for cancellation across three venues.
-
Announced 1,297,296-share buy-back on May 14 under ongoing programme.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
market abuse, persons discharging managerial responsibilities, performance shares, legal entity identifier, +4 more
8 terms
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.
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.
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.
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 performance 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.
remuneration committee financial
"subject to performance conditions determined by the Remuneration Committee"
A remuneration committee is a group of independent board members who design, approve and oversee pay packages for a company’s executives and directors. Think of them as the household budget planners for top management: they decide salaries, bonuses and stock awards so pay rewards performance and limits excessive risk. For investors, their role matters because compensation policies affect management incentives, business strategy and the long‑term value shareholders receive.
AI-generated analysis. How Rhea-AI works. 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 21, 2026 | ||||
| Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have been made a conditional award of performance shares of Shell plc under the Shell Share Plan 2023, subject to performance conditions determined by the Remuneration Committee and Remuneration Committee discretion, as set out below. | ||||
| PDMR | Date | Share Type | Number of shares awarded | |
| Wael Sawan | 20 May 2026 | Ordinary Shares of | 82,987 | |
| Sinead Gorman | 20 May 2026 | Ordinary Shares of | 10,964 | |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Conditional award of performance shares of Shell plc under the Shell Share Plan 2023 |
| Currency | GBP |
| Price | 32.52 |
| Volume | 82,987 |
| Total | 2,698,737.24 |
| Aggregated information | |
| Volume | 82,987 |
| Price | 32.52 |
| Total | 2,698,737.24 |
| Date of transaction | 20/05/2026 |
| 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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Conditional award of performance shares of Shell plc under the Shell Share Plan 2023 |
| Currency | GBP |
| Price | 32.52 |
| Volume | 10,964 |
| Total | 356,549.28 |
| Aggregated information | |
| Volume | 10,964 |
| Price | 32.52 |
| Total | 356,549.28 |
| Date of transaction | 20/05/2026 |
| Place of transaction | Outside a trading venue |
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