Shell (SHEL) disclosed dividend-share acquisitions by eight senior managers, including its chief executive and chief financial officer, on September 24, 2026.
Shell (SHEL) disclosed dividend-share acquisitions by eight senior managers, including its chief executive and chief financial officer, on September 24, 2026. The acquisitions relate to shares previously delivered under annual bonus arrangements and/or vested under employee share plans and held in a Share Plan Account. Chief Executive Wael Sawan acquired 2,211.85048 ordinary shares in Amsterdam and 2,001.51133 in London. Chief Financial Officer Sinead Gorman acquired 2,417.41860 ordinary shares in London.
The disclosures also cover Philippa Bounds, Peter Costello, Cederic Cremers, Machteld de Haan, Andrew Smith and Rachel Solway. Most transactions involved ordinary shares in Amsterdam or London; de Haan also acquired 18.37605 American Depositary Shares in New York. The Amsterdam ordinary-share entries show a price of €42.2073, the London entries £36.17998, and the New York depositary-share entry $96.32.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
September 28, 2026
Shell plc (the “Company”) announces that it has received notification that, on 24 September 2026, the following Persons Discharging Managerial Responsibilities (“PDMRs”) acquired dividend shares in respect of shares previously delivered under annual bonus arrangements and/or shares previously vested under employee share plans and held in a Share Plan Account. Details of the transactions are set out below.
PDMR
Number
Share Type
Place of Transaction
Wael Sawan
2,211.85048
Ordinary Shares
Amsterdam
Wael Sawan
2,001.51133
Ordinary Shares
London
Sinead Gorman
2,417.41860
Ordinary Shares
London
Philippa Bounds
0.00491
Ordinary Shares
Amsterdam
Philippa Bounds
212.96999
Ordinary Shares
London
Peter Costello
25.63528
Ordinary Shares
Amsterdam
Peter Costello
1,074.45175
Ordinary Shares
London
Cederic Cremers
403.99964
Ordinary Shares
Amsterdam
Machteld de Haan
435.12124
Ordinary Shares
Amsterdam
Machteld de Haan
18.37605
American Depositary Shares
New York
Andrew Smith
645.62164
Ordinary Shares
Amsterdam
Rachel Solway
124.66164
Ordinary Shares
London
The Notification of Dealing Form for each PDMR can be found below.
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 €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
42.2073
Volume
2,211.85048
Total
93,356.24
Aggregated information
Volume
2,211.85048
Price
42.2073
Total
93,356.24
Date of transaction
24/09/2026
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
36.17998
Volume
2,001.51133
Total
72,414.64
Aggregated information
Volume
2,001.51133
Price
36.17998
Total
72,414.64
Date of transaction
24/09/2026
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
36.17998
Volume
2,417.41860
Total
87,462.16
Aggregated information
Volume
2,417.41860
Price
36.17998
Total
87,462.16
Date of transaction
24/09/2026
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
42.2073
Volume
0.00491
Total
0.21
Aggregated information
Volume
0.00491
Price
42.2073
Total
0.21
Date of transaction
24/09/2026
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
36.17998
Volume
212.96999
Total
7,705.25
Aggregated information
Volume
212.96999
Price
36.17998
Total
7,705.25
Date of transaction
24/09/2026
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
42.2073
Volume
25.63528
Total
1,082.00
Aggregated information
Volume
25.63528
Price
42.2073
Total
1,082.00
Date of transaction
24/09/2026
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
36.17998
Volume
1,074.45175
Total
38,873.64
Aggregated information
Volume
1,074.45175
Price
36.17998
Total
38,873.64
Date of transaction
24/09/2026
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
42.2073
Volume
403.99964
Total
17,051.73
Aggregated information
Volume
403.99964
Price
42.2073
Total
17,051.73
Date of transaction
24/09/2026
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
42.2073
Volume
435.12124
Total
18,365.29
Aggregated information
Volume
435.12124
Price
42.2073
Total
18,365.29
Date of transaction
24/09/2026
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
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
96.32
Volume
18.37605
Total
1,769.98
Aggregated information
Volume
18.37605
Price
96.32
Total
1,769.98
Date of transaction
24/09/2026
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
42.2073
Volume
645.62164
Total
27,249.95
Aggregated information
Volume
645.62164
Price
42.2073
Total
27,249.95
Date of transaction
24/09/2026
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
36.17998
Volume
124.66164
Total
4,510.26
Aggregated information
Volume
124.66164
Price
36.17998
Total
4,510.26
Date of transaction
24/09/2026
Place of transaction
London
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many dividend shares did Shell CEO Wael Sawan acquire?
Wael Sawan acquired 2,211.85048 ordinary shares in Amsterdam and 2,001.51133 ordinary shares in London on September 24, 2026. The reported transaction values were €93,356.24 and £72,414.64, respectively.
