Director/PDMR Shareholding

Rhea-AI Summary

Shell (NYSE:SHEL) reported a transaction by a person discharging managerial responsibilities under EU and UK market abuse rules.

Cederic Cremers, President Integrated Gas, disposed of 9,000 ordinary shares at €35.825 each on May 8, 2026, totaling €322,425, outside a trading venue.

AI-generated analysis. Not financial advice.

Key Figures

Disposal price: €35.825 Disposal volume: 9,000 shares Transaction value: €322,425 +2 more

5 metrics

Disposal price €35.825 Price per ordinary share in director disposal on May 8, 2026

Disposal volume 9,000 shares Number of ordinary shares disposed by President, Integrated Gas

Transaction value €322,425 Total value of disclosed director share disposal

Nominal share value €0.07 Nominal value per ordinary share referenced in the notification

Transaction date May 8, 2026 Date of the director share disposal

Market Reality Check

Price: $83.97 Vol: Volume 5,724,779 is below...

low vol

$83.97 Last Close

Volume Volume 5,724,779 is below the 20-day average of 8,424,168 (relative volume 0.68x). low

Technical Price 83.97 is trading above the 200-day MA at 77.68.

Peers on Argus

SHEL slipped -0.32% with key peers also down: CVX -0.23%, XOM -0.88%, TTE -0.53%...

SHEL slipped -0.32% with key peers also down: CVX -0.23%, XOM -0.88%, TTE -0.53%, BP -1.47%, PBR -1.31%, indicating a sector-wide negative move.

Historical Context

5 past events · Latest: May 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 07	Share buyback launch	Positive	-3.4%	Announcement of a $3.0 billion on‑market share buyback programme.
May 07	Dividend declaration	Positive	-3.4%	Q1 2026 interim dividend of US$0.3906 per share and US$0.7812 per ADS.
May 07	Earnings release	Positive	-3.4%	Q1 2026 adjusted earnings, buyback announcement, dividend increase, ARC acquisition.
May 07	Results update	Positive	-3.4%	Unaudited Q1 2026 results with detailed earnings, cash flow and capital returns.
May 01	Financial statements	Neutral	-1.9%	Publication of 2025 annual financial statements for Shell International Finance B.V.

Pattern Detected

Recent positive corporate actions (earnings, buybacks, dividend) were followed by negative 24-hour price reactions, suggesting a tendency for the stock to sell off after ostensibly supportive news.

Recent Company History

Over the past weeks, Shell reported Q1 2026 results with adjusted earnings around $6.9 billion, detailed strong cash generation and shareholder returns, and announced a new $3.0 billion buyback plus a 5% dividend increase. It also published 2025 annual financial statements. Despite these supportive updates, 24-hour reactions ranged from -1.86% to -3.39%, indicating recent news-flow strength did not translate into immediate price gains ahead of this director transaction disclosure.

Market Pulse Summary

This announcement reports a disposal of 9,000 ordinary shares at €35.825 each (total €322,425) by Sh...

Analysis

This announcement reports a disposal of 9,000 ordinary shares at €35.825 each (total €322,425) by Shell’s President, Integrated Gas, under EU and UK market abuse regimes. It follows recent Q1 2026 results, a new $3.0 billion buyback, and a dividend increase, all of which previously saw short-term price weakness. Investors may watch future director dealings, ongoing buyback execution, and upcoming results for additional signals about capital allocation and governance.

Key Terms

persons discharging managerial responsibilities, market abuse, legal entity identifier

3 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.

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 11, 2026

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Cederic
Last Name(s)	Cremers
2. Reason for the notification
Position/status	President, Integrated Gas
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	35.825
Volume	9,000
Total	322,425
Aggregated information:
Price	35.825
Volume	9,000
Total	322,425
Date of transaction	May 8, 2026
Place of transaction	Outside a trading venue

Julie Keefe
Deputy Company Secretary

ENQUIRIES

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

FAQ

What PDMR share transaction did Shell (SHEL) disclose on May 11, 2026?

Shell disclosed that Cederic Cremers, President Integrated Gas, disposed of 9,000 ordinary shares on May 8, 2026. According to Shell, the shares were sold at €35.825 each, for a total value of €322,425, outside a trading venue.

Who is Cederic Cremers in the Shell (SHEL) May 2026 share dealing notice?

Cederic Cremers is President, Integrated Gas at Shell and a person discharging managerial responsibilities. According to Shell, he notified a disposal of 9,000 ordinary shares in Shell at €35.825 per share on May 8, 2026, executed outside a trading venue.

How many Shell (SHEL) shares did Cederic Cremers sell and at what price?

Cederic Cremers sold 9,000 Shell ordinary shares at a price of €35.825 per share. According to Shell, the aggregated transaction value was €322,425, with the trade conducted outside a trading venue on May 8, 2026, under market abuse disclosure rules.

When did the Shell (SHEL) PDMR share disposal by Cederic Cremers take place?

The share disposal took place on May 8, 2026. According to Shell, President Integrated Gas Cederic Cremers sold 9,000 ordinary shares at €35.825 each, for a total of €322,425, in a transaction carried out outside a trading venue and later notified.

What type of Shell (SHEL) financial instrument was involved in Cederic Cremers’ May 2026 transaction?

The transaction involved ordinary shares of €0.07 each in Shell. According to Shell, 9,000 ordinary shares with ISIN GB00BP6MXD84 were disposed of at €35.825 per share, resulting in total aggregated consideration of €322,425, outside a trading venue.

Why did Shell (SHEL) publish a director/PDMR shareholding notification for May 11, 2026?

Shell published the notification to comply with EU and UK market abuse disclosure requirements. According to Shell, the filing reports President Integrated Gas Cederic Cremers’ disposal of 9,000 ordinary shares at €35.825 each on May 8, 2026, outside a trading venue.