What did Shell (SHEL) disclose about PDMR share purchases on April 7, 2026?

Directors and PDMRs acquired dividend shares on 1 April 2026 following the interim dividend payment. According to Shell, acquisitions occurred across Amsterdam, London and New York with specific volumes and prices disclosed per executive.

Which Shell executives reported dividend share acquisitions related to the March 30, 2026 interim dividend?

Several senior executives reported acquisitions, including the CEO, CFO and division presidents on 1 April 2026. According to Shell, named PDMRs include Wael Sawan, Sinead Gorman, Peter Costello, Machteld de Haan and others.

Director/PDMR Shareholding

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Shell (SHEL) disclosed that multiple PDMRs acquired dividend shares following the interim dividend payment on 30 March 2026, with transactions executed on 1 April 2026 across Amsterdam, London and New York.

Notable volumes include Wael Sawan: 2,486.44716 AMS shares (EUR 40.4578) and 527.92 LSE shares (GBP 35.25802); other senior executives likewise acquired small dividend share allotments.

News Market Reaction – SHEL

+0.54%

10 alerts

+0.54% News Effect

+$1.44B Valuation Impact

$267.85B Market Cap

0.0x Rel. Volume

On the day this news was published, SHEL gained 0.54%, reflecting a mild positive market reaction. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $1.44B to the company's valuation, bringing the market cap to $267.85B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

CEO dividend shares (AMS): 2,486.44716 shares CEO dividend shares (LSE): 527.92 shares CFO dividend shares (LSE): 1,726.49108 shares +5 more

8 metrics

CEO dividend shares (AMS) 2,486.44716 shares Wael Sawan, 01 April 2026, SHELL (AMS)

CEO dividend shares (LSE) 527.92 shares Wael Sawan, 01 April 2026, SHEL (LSE)

CFO dividend shares (LSE) 1,726.49108 shares Sinead Gorman, 01 April 2026, SHEL (LSE)

EUR purchase price EUR 40.45780 Dividend share acquisitions in Amsterdam on 01 April 2026

GBP purchase price GBP 35.25802 Dividend share acquisitions in London on 01 April 2026

USD purchase price (ADS) USD 93.59000 Machteld de Haan, SHEL ADS (NYSE), 01 April 2026

CEO AMS transaction total EUR 100,596.18 Wael Sawan, aggregated total for 2,486.44716 shares

Share nominal value €0.07 Ordinary shares of €0.07 each described in PDMR forms

Market Reality Check

Price: $92.21 Vol: Volume 4,425,140 is at 0....

low vol

$92.21 Last Close

Volume Volume 4,425,140 is at 0.51x the 20-day average of 8,677,481, indicating relatively light trading ahead of this disclosure. low

Technical Shares trade at 93.64, above the 200-day moving average of 75.49, placing SHEL in a longer-term uptrend into this PDMR dividend-share update.

Peers on Argus

SHEL’s 0.58% gain sits alongside advances in key integrated oil peers: XOM +1.74...

1 Up

SHEL’s 0.58% gain sits alongside advances in key integrated oil peers: XOM +1.74%, TTE +0.70%, CVX +0.18%, BP +0.53%, and PBR +0.87%, indicating a broader Energy move rather than an isolated reaction to the PDMR filings.

Historical Context

5 past events · Latest: Apr 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 02	Share buy-back update	Positive	+1.2%	Disclosure of 858,749 shares bought and cancelled under ongoing buy-back.
Apr 01	Share buy-back update	Positive	-1.0%	Update on 2,379,170 shares repurchased and cancelled across multiple venues.
Mar 31	Share buy-back update	Positive	+0.3%	Report of 1,337,682 shares repurchased as part of the buy-back programme.
Mar 31	Voting rights update	Neutral	+0.3%	Notification of total voting rights and capital with 5.64B ordinary shares.
Mar 30	Share buy-back update	Positive	+0.6%	Disclosure of 472,613 shares repurchased for cancellation in multiple venues.

Pattern Detected

Recent disclosures have been dominated by share buy-backs and capital structure updates, with mostly modest positive price reactions and one notable down day despite ongoing repurchases.

Recent Company History

Over the last few sessions, Shell has repeatedly reported "Transaction in Own Shares" updates, cancelling shares under its buy-back programme on 30–31 March 2026, 1 April 2026, and 2 April 2026. A "Voting Rights and Capital" notice on 31 March 2026 detailed 5,638,556,417 ordinary shares and no treasury stock. These events frame today’s PDMR dividend-share acquisitions within an ongoing capital return and disclosure cycle rather than a shift in operating fundamentals.

Market Pulse Summary

This announcement details automatic dividend-share allocations to several senior executives followin...

Analysis

This announcement details automatic dividend-share allocations to several senior executives following the 30 March 2026 interim dividend, specifying prices in EUR 40.45780, GBP 35.25802, and USD 93.59000 across venues. It follows a series of buy-back and capital-structure disclosures in late March and early April. Investors monitoring governance and alignment may track the scale of such PDMR holdings alongside ongoing repurchases and voting rights updates rather than treating this as a fundamental earnings catalyst.

Key Terms

market abuse, legal entity identifier, american depository shares

3 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.

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.

american depository shares financial

"Description of the financial instrument | American Depository Shares (SHEL)"

American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.

AI-generated analysis. Not financial advice.

04/07/2026 - 05:56 AM

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

April 7, 2026

Shell plc (the "Company") has been notified that following the payment of the interim dividend on March 30, 2026 in respect of the fourth quarter of 2025, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. Further information can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2025 (www.shell.com/annualreport).

PDMR	Date of Transaction	Share Type	Number of dividend shares acquired	Purchase price per Share
Wael Sawan	01 April 2026	SHELL (AMS)	2,486.44716	EUR 40.4578
Wael Sawan	01 April 2026	SHEL (LSE)	527.92	GBP 35.25802
Sinead Gorman	01 April 2026	SHEL (LSE)	1,726.49108	GBP 35.25802
Philippa Bounds	01 April 2026	SHELL (AMS)	0.00482	EUR 40.4578
Philippa Bounds	01 April 2026	SHEL (LSE)	98.72712	GBP 35.25802
Peter Costello	01 April 2026	SHELL (AMS)	25.18554	EUR 40.4578
Peter Costello	01 April 2026	SHEL (LSE)	809.76937	GBP 35.25802
Cederic Cremers	01 April 2026	SHELL (AMS)	275.0696	EUR 40.4578
Machteld de Haan	01 April 2026	SHELL (AMS)	237.13363	EUR 40.4578
Machteld de Haan	01 April 2026	SHEL ADS (NYSE)	17.69231	USD 93.59
Andrew Smith	01 April 2026	SHELL (AMS)	342.42509	EUR 40.4578
Rachel Solway	01 April 2026	SHEL (LSE)	69.05541	GBP 35.25802

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


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










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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	2,486.44716
Total	100,596.18
Aggregated information
Volume	2,486.44716
Price	40.45780
Total	100,596.18
Date of transaction	01/04/2026
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	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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	527.92
Total	18,613.41
Aggregated information
Volume	527.92
Price	35.25802
Total	18,613.41
Date of transaction	01/04/2026
Place of transaction	London

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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	1,726.49108
Total	60,872.66
Aggregated information
Volume	1,726.49108
Price	35.25802
Total	60,872.66
Date of transaction	01/04/2026
Place of transaction	London

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/ 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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	0.00482
Total	0.20
Aggregated information
Volume	0.00482
Price	40.45780
Total	0.20
Date of transaction	01/04/2026
Place of transaction	Amsterdam

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/ 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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	98.72712
Total	3,480.92
Aggregated information
Volume	98.72712
Price	35.25802
Total	3,480.92
Date of transaction	01/04/2026
Place of transaction	London

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Peter
Last Name(s)	Costello
2. Reason for the notification
Position/status	President, Upstream
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	25.18554
Total	1,018.95
Aggregated information
Volume	25.18554
Price	40.45780
Total	1,018.95
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Peter
Last Name(s)	Costello
2. Reason for the notification
Position/status	President, Upstream
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	809.76937
Total	28,550.86
Aggregated information
Volume	809.76937
Price	35.25802
Total	28,550.86
Date of transaction	01/04/2026
Place of transaction	London

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/ 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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	275.0696
Total	11,128.71
Aggregated information
Volume	275.0696
Price	40.45780
Total	11,128.71
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Machteld
Last Name(s)	de Haan
2. Reason for the notification
Position/status	President, Downstream, Renewables and Energy Solutions
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	237.13363
Total	9,593.90
Aggregated information
Volume	237.13363
Price	40.45780
Total	9,593.90
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Machteld
Last Name(s)	de Haan
2. Reason for the notification
Position/status	President, Downstream, Renewables and Energy Solutions
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	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	USD
Price	93.59000
Volume	17.69231
Total	1,655.82
Aggregated information
Volume	17.69231
Price	93.59000
Total	1,655.82
Date of transaction	01/04/2026
Place of transaction	New York

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Andrew
Last Name(s)	Smith
2. Reason for the notification
Position/status	President, Trading and Supply
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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	342.42509
Total	13,853.77
Aggregated information
Volume	342.42509
Price	40.45780
Total	13,853.77
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Rachel
Last Name(s)	Solway
2. Reason for the notification
Position/status	Chief Human Resources and 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 €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	69.05541
Total	2,434.76
Aggregated information
Volume	69.05541
Price	35.25802
Total	2,434.76
Date of transaction	01/04/2026
Place of transaction	London

FAQ

How many shares did CEO Wael Sawan acquire in Shell (SHEL) on 1 April 2026?

Wael Sawan acquired dividend shares in two markets on 1 April 2026 totaling 3,014.36716 shares. According to Shell, he received 2,486.44716 AMS shares at EUR 40.4578 and 527.92 LSE shares at GBP 35.25802.

Where were the Shell (SHEL) PDMR transactions executed and at what prices?

Transactions were executed in Amsterdam, London and New York with market-specific prices per share. According to Shell, AMS trades used EUR 40.4578, LSE trades used GBP 35.25802, and NYSE ADS used USD 93.59 for listed volumes.