Director/PDMR Shareholding
Shell plc (SHEL) notified that several Persons Discharging Managerial Responsibilities acquired dividend shares following the interim dividend payment on 18 December 2025.
Rhea-AI Summary
Shell plc (SHEL) notified that several Persons Discharging Managerial Responsibilities acquired dividend shares following the interim dividend payment on 18 December 2025. The acquisitions occurred on 22 December 2025 across Amsterdam, London and New York.
Key disclosed transactions: Wael Sawan bought 3,054.9554 AMS shares at EUR 31.0198 (€94,764.11) and 656.18285 LSE shares at GBP 27.05954 (£17,756.01); Sinead Gorman bought 2,145.9574 LSE shares at GBP 27.05954 (£58,068.62); Machteld de Haan bought 291.35253 AMS shares at EUR 31.0198 and 21.62565 SHEL ADS at USD 72.97.
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Dec 24 session
-0.31%
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News Market Reaction – SHEL
On Dec 24, the day this news came out, SHEL closed 0.31% below the previous close.
Data tracked by StockTitan Argus for the Dec 24 session.
Key Figures
Wael Sawan dividend shares (AMS): 3,054.9554 shares at EUR 31.0198
Wael Sawan dividend shares (LSE): 656.18285 shares at GBP 27.05954
Sinead Gorman dividend shares: 2,145.9574 shares at GBP 27.05954
+5 more
- Wael Sawan dividend shares (AMS)
- 3,054.9554 shares at EUR 31.0198
- Dividend shares acquired on 22/12/2025 in Amsterdam
- Wael Sawan dividend shares (LSE)
- 656.18285 shares at GBP 27.05954
- Dividend shares acquired on 22/12/2025 in London
- Sinead Gorman dividend shares
- 2,145.9574 shares at GBP 27.05954
- Dividend shares acquired on 22/12/2025 in London
- Peter Costello dividend shares (LSE)
- 1,007.40788 shares at GBP 27.05954
- Dividend shares acquired on 22/12/2025 in London
- Machteld De Haan ADS dividend
- 21.62565 ADS at USD 72.97
- Dividend shares acquired on 22/12/2025 in New York
- Robertus Mooldijk dividend shares
- 703.89909 shares at EUR 31.0198
- Dividend shares acquired on 22/12/2025 in Amsterdam
- Andrew Smith dividend shares
- 420.71812 shares at EUR 31.0198
- Dividend shares acquired on 22/12/2025 in Amsterdam
- Rachel Solway dividend shares
- 84.59008 shares at GBP 27.05954
- Dividend shares acquired on 22/12/2025 in London
Historical Context
5 past events · Latest: Dec 22
5 events
-
Disclosure of 1,464,165 shares repurchased for cancellation across LSE and XAMS.
-
Nearly 1.97M shares bought back for cancellation across UK and Dutch venues.
-
1,486,776 shares repurchased under the ongoing capital return programme.
-
1,504,212 shares purchased across LSE and XAMS for cancellation.
-
Disclosure of 2,393,719 shares cancelled following buy-backs on LSE and XAMS.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
persons discharging managerial responsibilities, PDMR, Market Abuse, ordinary shares, +4 more
8 terms
persons discharging managerial responsibilities regulatory
"following the payment of the interim dividend... the following 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.
PDMR regulatory
"PDMR | Date Acquired | Share Type | Number of dividend shares acquired"
A PDMR (person discharging managerial responsibilities) is an individual who can shape a company’s strategy or finances—typically senior executives, board members, or close advisors with decision-making authority. Investors care because PDMRs often hold material, non‑public information and their buying or selling of shares must be reported; monitoring those disclosures is like watching a ship’s captain to read the likely course and spot possible insider risk.
Market Abuse regulatory
"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 code regulatory
"Legal Entity Identifier code | 21380068P1DRHMJ8KU70"
A legal entity identifier code (LEI) is a unique, standardized 20-character code that works like a passport number for companies and other organizations, letting anyone unambiguously identify who is behind a financial transaction or filing. Investors care because it improves transparency and reduces fraud or confusion—making it easier to track ownership, confirm counterparties, and comply with reporting rules, much like a clear ID speeds up background checks.
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 | ||||
| December 24, 2025 | ||||
| Shell plc (the "Company") has been notified that following the payment of the interim dividend on December 18, 2025 in respect of the third 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, 2024 (www.shell.com/annualreport). | ||||
| PDMR | Date Acquired | Share Type | Number of dividend shares acquired | Purchase price per Share |
| Wael Sawan | 22 December 2025 | SHELL (AMS) | 3,054.9554 | EUR 31.0198 |
| Wael Sawan | 22 December 2025 | SHEL (LSE) | 656.18285 | GBP 27.05954 |
| Sinead Gorman | 22 December 2025 | SHEL (LSE) | 2,145.9574 | GBP 27.05954 |
| Philippa Bounds | 22 December 2025 | SHELL (AMS) | 0.00593 | EUR 31.0198 |
| Philippa Bounds | 22 December 2025 | SHEL (LSE) | 307.48192 | GBP 27.05954 |
| Peter Costello | 22 December 2025 | SHELL (AMS) | 30.33224 | EUR 31.0198 |
| Peter Costello | 22 December 2025 | SHEL (LSE) | 1,007.40788 | GBP 27.05954 |
| Cederic Cremers | 22 December 2025 | SHELL (AMS) | 337.96228 | EUR 31.0198 |
| Machteld de Haan | 22 December 2025 | SHELL (AMS) | 291.35253 | EUR 31.0198 |
| Machteld de Haan | 22 December 2025 | SHEL ADS (NYSE) | 21.62565 | USD 72.97 |
| Robertus Mooldijk | 22 December 2025 | SHELL (AMS) | 703.89909 | EUR 31.0198 |
| Andrew Smith | 22 December 2025 | SHELL (AMS) | 420.71812 | EUR 31.0198 |
| Rachel Solway | 22 December 2025 | SHEL (LSE) | 84.59008 | GBP 27.05954 |
| 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 |
| 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 | 31.0198 |
| Volume | 3,054.9554 |
| Total | 94,764.11 |
| Aggregated information | |
| Volume | 3,054.9554 |
| Price | 31.0198 |
| Total | 94,764.11 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 27.05954 |
| Volume | 656.18285 |
| Total | 17,756.01 |
| Aggregated information | |
| Volume | 656.18285 |
| Price | 27.05954 |
| Total | 17,756.01 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 27.05954 |
| Volume | 2,145.9574 |
| Total | 58,068.62 |
| Aggregated information | |
| Volume | 2,145.9574 |
| Price | 27.05954 |
| Total | 58,068.62 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 31.0198 |
| Volume | 0.00593 |
| Total | 0.18 |
| Aggregated information | |
| Volume | 0.00593 |
| Price | 31.0198 |
| Total | 0.18 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 27.05954 |
| Volume | 307.48192 |
| Total | 8,320.32 |
| Aggregated information | |
| Volume | 307.48192 |
| Price | 27.05954 |
| Total | 8,320.32 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 31.0198 |
| Volume | 30.33224 |
| Total | 940.90 |
| Aggregated information | |
| Volume | 30.33224 |
| Price | 31.0198 |
| Total | 940.90 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 27.05954 |
| Volume | 1,007.40788 |
| Total | 27,259.99 |
| Aggregated information | |
| Volume | 1,007.40788 |
| Price | 27.05954 |
| Total | 27,259.99 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 31.0198 |
| Volume | 337.96228 |
| Total | 10,483.52 |
| Aggregated information | |
| Volume | 337.96228 |
| Price | 31.0198 |
| Total | 10,483.52 |
| Date of transaction | 22/12/2025 |
| 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 |
| 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 | 31.0198 |
| Volume | 291.35253 |
| Total | 9,037.70 |
| Aggregated information | |
| Volume | 291.35253 |
| Price | 31.0198 |
| Total | 9,037.70 |
| Date of transaction | 22/12/2025 |
| 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 | 72.97 |
| Volume | 21.62565 |
| Total | 1,578.02 |
| Aggregated information | |
| Volume | 21.62565 |
| Price | 72.97 |
| Total | 1,578.02 |
| Date of transaction | 22/12/2025 |
| Place of transaction | New York |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |
| First Name(s) | Robertus |
| Last Name(s) | Mooldijk |
| 2. Reason for the notification | |
| Position/status | President, Projects and Technology |
| 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 | 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 | 31.0198 |
| Volume | 703.89909 |
| Total | 21,834.81 |
| Aggregated information | |
| Volume | 703.89909 |
| Price | 31.0198 |
| Total | 21,834.81 |
| Date of transaction | 22/12/2025 |
| Place of transaction | Amsterdam |
| 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 |
| 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 | 31.0198 |
| Volume | 420.71812 |
| Total | 13,050.59 |
| Aggregated information | |
| Volume | 420.71812 |
| Price | 31.0198 |
| Total | 13,050.59 |
| Date of transaction | 22/12/2025 |
| 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 & 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 |
| 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 | 27.05954 |
| Volume | 84.59008 |
| Total | 2,288.97 |
| Aggregated information | |
| Volume | 84.59008 |
| Price | 27.05954 |
| Total | 2,288.97 |
| Date of transaction | 22/12/2025 |
| Place of transaction | London |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How can investors view the full notifications of Shell (SHEL) PDMR transactions from December 2025?
The company provided detailed Notification of Dealing Forms for each PDMR and referenced the Shell annual report and Form 20-F for further information.