Lloyds CRO sells 4M shares at about 111p

Lloyds Banking Group’s Chief Risk Officer sold 4 million shares on September 9, 2026 but remains above the group’s shareholding policy threshold.

Rhea-AI Filing Summary

Lloyds Banking Group plc (LYG) reported that Stephen Shelley, Chief Risk Officer and person discharging managerial responsibilities, disposed of ordinary shares on September 9, 2026. He sold 4,000,000 ordinary shares of 10 pence each at an average price of 110.9827 pence (GBP 1.109827) per share on the London Stock Exchange. The transactions comprised 2,518,379 shares at GBP 1.108500 and 1,481,621 shares at GBP 1.00. Following these sales, the company states that Shelley continues to exceed its shareholding policy requirements.

Key Figures

Total shares sold: 4,000,000 shares Price and volume leg 1: 2,518,379 shares at GBP 1.108500 Price and volume leg 2: 1,481,621 shares at GBP 1.00 +2 more

5 metrics

Total shares sold 4,000,000 shares Ordinary shares of 10 pence each sold by Chief Risk Officer on September 9, 2026

Price and volume leg 1 2,518,379 shares at GBP 1.108500 First tranche of the disposal of ordinary shares

Price and volume leg 2 1,481,621 shares at GBP 1.00 Second tranche of the disposal of ordinary shares

Aggregated average price GBP 1.109827 per share (110.9827 pence) Average price across 4,000,000 shares sold

Transaction date September 9, 2026 Date of the reported share disposals

Key Terms

Person Discharging Managerial Responsibilities, PDMR, LEI, Ordinary Shares of 10p each, +1 more

5 terms

Person Discharging Managerial Responsibilities regulatory

"NOTIFICATION OF TRANSACTIONS BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES"

A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.

PDMR regulatory

"transactions by person discharging managerial responsibilities ('PDMR')"

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.

LEI regulatory

"b) | LEI | 549300PPXHEU2JF0AM85"

A Legal Entity Identifier (LEI) is a unique 20-character code assigned to a company or organization that participates in financial markets, like a corporate passport number. It helps investors and regulators unambiguously identify counterparties across databases and transactions, reducing confusion much like using a vehicle identification number to track a car’s history; clearer identification improves transparency, risk monitoring, and regulatory reporting.

Ordinary Shares of 10p each financial

"Description of the financial instrument, type of instrument"

London Stock Exchange (XLON) market

"Place of the transaction | London Stock Exchange (XLON)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider share transaction did Lloyds Banking Group (LYG) disclose in this 6-K?

Lloyds Banking Group disclosed that Chief Risk Officer Stephen Shelley sold 4,000,000 ordinary shares on September 9, 2026 in transactions on the London Stock Exchange.

At what prices did the Lloyds Banking Group (LYG) PDMR sell shares?

Stephen Shelley sold 2,518,379 shares at GBP 1.108500 and 1,481,621 shares at GBP 1.00 per share, for an aggregated average price of 110.9827 pence (GBP 1.109827) per share.

How many Lloyds Banking Group (LYG) shares did the Chief Risk Officer sell in total?

The Chief Risk Officer, Stephen Shelley, sold an aggregate of 4,000,000 ordinary shares of 10 pence each in Lloyds Banking Group on September 9, 2026.

Does the Lloyds Banking Group (LYG) Chief Risk Officer still meet the shareholding policy after the sale?

Yes. Lloyds Banking Group states that following the 4,000,000-share sale, Stephen Shelley continues to exceed the Group’s shareholding policy requirements.

On which market were the Lloyds Banking Group (LYG) insider share sales executed?

The disclosed transactions by Chief Risk Officer Stephen Shelley were conducted on the London Stock Exchange (XLON) on September 9, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 09/10/2026 - 10:26 AM Accepted by SEC EDGAR 09/10/2026 - 10:25 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16a

of the Securities Exchange Act of 1934

 10 September 2026

LLOYDS BANKING GROUP plc

(Translation of registrant's name into English)

5th Floor

25 Gresham Street

London

EC2V 7HN

United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports

under cover Form 20-F or Form 40-F.

Form 20-F..X..     Form 40-F 

Index to Exhibits

Item

 No. 1 Regulatory News Service Announcement, 10 September 2026

           re: Director/PDMR Shareholding

10 September 2026

LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')

Stephen Shelley, a PDMR, sold 4,000,000 Shares in aggregate at an average price of 110.9827 pence per Share on 9 September 2026. Following these Share sales, Stephen continues to exceed the Group's shareholding policy requirements.

ENQUIRIES:

Investor Relations

Douglas Radcliffe                                                                   +44 (0) 20 7356 1571

Group Investor Relations Director

Email: douglas.radcliffe@lloydsbanking.com

Group Corporate Affairs

Matt Smith                                                                              +44 (0) 7788 352 487

Head of Media Relations

Email: matt.smith@lloydsbanking.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Shelley
2	Reason for the notification
a)	Position/status	Chief Risk Officer
b)	Initial notification / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Lloyds Banking Group plc
b)	LEI	549300PPXHEU2JF0AM85
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 10p each GB0008706128
b)	Nature of the transactions	Disposal of Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP 1.108500	2,518,379
			GBP 1.112083	1,481,621
	d)	Aggregated information - Aggregated volume - Price	4,000,000 GBP 1.109827
e)	Date of the transaction	2026-09-09
f)	Place of the transaction	London Stock Exchange (XLON)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

LLOYDS BANKING GROUP plc

 (Registrant)

By: Douglas Radcliffe

Name: Douglas Radcliffe

Title: Group Investor Relations Director

Date: 10 September 2026