Director/PDMR Shareholding
Shell plc reported managerial transactions involving Wael Sawan, the Integrated Gas, Renewables and Energy Solutions Director.
Rhea-AI Summary
Shell plc reported managerial transactions involving Wael Sawan, the Integrated Gas, Renewables and Energy Solutions Director. On September 22, 2022, Sawan disposed of 19,384 ordinary shares at €26.605 each, totaling €515,711.32. Additionally, he sold 4,750 American Depository Shares (SHEL) at $53.08, amounting to $252,130. These transactions were notified in compliance with the EU and UK market abuse regulations.
Positive
- Significant volume of shares traded by a high-level executive, indicating confidence in Shell's stock.
Negative
- Disposal of shares might signal a lack of confidence in future stock performance from the director.
News Market Reaction – SHEL
In the trading session that priced this news, SHEL declined 8.08%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 REGIME
September 23, 2022
| 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/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 |
| Identification Code | GB00BP6MXD84 |
| Nature of the transaction | Disposal of shares |
| Currency | EUR |
| Price | |
| Volume | 19,384 |
| Total | |
| Aggregated information Volume Price Total | 19,384 |
| Date of transaction | 22 September 2022 |
| Place of transaction | Amsterdam |
| 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/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 | American Depository Shares (SHEL) (1 ADS is equal to 2 ordinary shares) |
| Identification Code | US7802593050 |
| Nature of the transaction | Disposal of shares |
| Currency | USD |
| Price | |
| Volume | 4,750 |
| Total | |
| Aggregated information Volume Price Total | 4,750 |
| Date of transaction | 22 September 2022 |
| Place of transaction | New York |
Anthony Clarke
Deputy Company Secretary
ENQUIRIES
Shell Media Relations
International, UK, European Press: +44 20 7934 5550
