Lloyds (NYSE: LYG) details 2026 LTIP and bonus share awards

Rhea-AI Filing Summary

Lloyds Banking Group is reporting routine share-based remuneration for senior executives. On 3 March 2026 it granted new 2026 Long Term Incentive Plan awards to Group Executive Committee members, such as 1,944,201 Shares each for Chirantan Barua, Jayne Opperman, Stephen Shelley, Jasjyot Singh and Ron van Kemenade, based on a Share price of 102.87 pence. These awards have a three-year performance period to 31 December 2028 and then vest over a further one to two years.

The Group also set 2025 Group Performance Share awards, for example 346,284 Shares for Group Chief Executive Charlie Nunn, and released previously deferred awards and Long Term Share Plan and Group Ownership Share awards granted between 2019 and 2023. Released Shares are delivered net of tax and national insurance and many are subject to 12‑month or longer holding periods.

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

05 March 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, 05 March 2026

           re: Director/PDMR Shareholding

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

The Group announces that the awards described below were made on 3 March 2026 and that the release of awards described below occurred on 4 March 2026.

This announcement should be read in conjunction with the disclosures in the 2025 Annual Report and Accounts published on 13 February 2026. The 2025 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com.

2026 Long Term Incentive Plan ("LTIP")

Long term incentive plan awards ("LTIP awards") were made to members of the Group Executive Committee, other than the executive directors, on 3 March 2026 under the rules of the LTIP, as part of their variable pay for the performance year ended 31 December 2025.

An LTIP award is an award of Shares, with a three-year forward-looking performance period commencing on 1 January 2026 and ending on 31 December 2028.

At the end of this performance period, the number of Shares that will become eligible to vest will be determined based upon an assessment by the Group Remuneration Committee of performance against financial, strategic and sustainability performance measures in the LTIP scorecard, as detailed in the Directors' Remuneration Report in the Annual Report and Accounts 2025. Subject to that assessment, the Shares will vest in two tranches with 75% on the third anniversary and 25% on the fourth anniversary in line with regulatory requirements.  

As set out in the 2025 Annual Report and Accounts, the Executive Directors' LTIP grants will be made, subject to approval of the 2026 Directors' Remuneration Policy ("2026 DRP"), shortly after the 2026 Annual General Meeting, by reference to the same grant date, grant price and performance and vesting periods used in March 2026 for the Group's other LTIP participants.

Name	Gross number of Shares awarded 1 & 2
Chirantan Barua	1,944,201
Kate Cheetham	1,458,151
Sharon Doherty	1,458,151
Jayne Opperman	1,944,201
Stephen Shelley	1,944,201
Jasjyot Singh	1,944,201
Ron van Kemenade	1,944,201
Andrew Walton	1,458,151

1.    Based on a Share price of 102.87 pence, being the average of the closing Share price of the five trading days prior to the date of award. This is the maximum number of Shares under award, which will be subject to income tax and national insurance contributions on vesting.

2.   Subject to approval of the 2026 DRP, dividend equivalents will accrue over the vesting period and are payable in respect of awards that vest.

2025 Group Performance Share Awards

The Shares element for the 2025 Group Performance Share awards is detailed in the table below.

Name	Gross number of Shares awarded1	Net number of Shares released2
Charlie Nunn	346,284	183,528
William Chalmers	220,869	117,057
Chirantan Barua	291,630	154,563

1.    Based on a Share price of 102.87 pence, being the average of the closing Share price of the five trading days prior to the date of award. This is the maximum number of Shares under award, which will be subject to income tax and national insurance contributions on vesting.

2.   Net number of Shares, after settlement of income tax and national insurance contributions, released in full on 4 March 2026, with one-third subject to a 12-month holding period, one-third to a 24-month holding period and one-third to a 36-month holding period. For Chirantan Barua, the net number of Shares released in full will be subject to a 12-month holding period.

Release of the Deferred Group Performance Share Awards

Deferred Group Performance Share Awards were released on 4 March 2026 which related to performance in 2021 and 2022.

In this respect, the Group announces that on 4 March 2026, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received (for no payment) the number of Shares as set out by their name. All Shares released to Executive Directors are subject to a holding period of 12 months.

Name	2021 Group Performance Share	2022 Group Performance Share
Charlie Nunn	-	12,350
Chirantan Barua	-	40,207
Kate Cheetham	5,950	13,504

Release of Long Term Share Plan ("LTSP") Awards granted in March 2021, March 2022 and March 2023

The first tranche of the Long-Term Share Plan awards made in March 2023 vested in full.

In this respect, the Group announces that, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below on 4 March 2026 received (for no payment) the number of Shares as set out by their name. All Shares released to Executive Directors are subject to a holding period of 12 months.

Name	2021 LTSP	2022 LTSP	2023 LTSP
Charlie Nunn	-	380,366	348,092
William Chalmers	164,018	274,146	250,885
Chirantan Barua	-	-	718,013
Kate Cheetham	82,531	229,910	396,458
Sharon Doherty	-	-	574,410
Jayne Opperman	-	-	718,013
Stephen Shelley	436,698	811,016	699,260
Jasjyot Singh	47,091	112,701	574,410
Ron van Kemenade	-	-	718,013
Andrew Walton	278,542	517,298	446,015
John Winter	-	-	718,013

Release of Group Ownership Share ("Exec GOS") Awards granted in 2019 and 2020

The Exec GOS awards which related to performance in 2019 and 2020 were partially released on 4 March 2026. In respect of the portion of these awards that were released, the Group announces that on 4 March 2026, after the settlement of income tax and national insurance contributions, the PDMRs listed in the table below received (for no payment) the number of Shares as set out by their name. All Shares released to Executive Directors are subject to a holding period of 12 months.

Name	2019 Exec GOS1	2020 Exec GOS1
William Chalmers	-	228,237
Stephen Shelley	173,498	405,120
Andrew Walton	112,877	272,001

1.    As previously disclosed, the 2019 Exec GOS vested as to performance at 41.8% and the 2020 Exec GOS vested at 43.7%.

ENQUIRIES:

Investor Relations Douglas Radcliffe Group Investor Relations Director Email: douglas.radcliffe@lloydsbanking.com Group Corporate Affairs Matt Smith Head of Media Relations Email: matt.smith@lloydsbanking.com +44 (0) 20 7356 1571 +44 (0) 7788 352 487

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	Charlie Nunn
2	Reason for the notification
a)	Position/status	Group Chief Executive
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 transaction	Award of Shares under the 2025 Group Performance Share Award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	346,284
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2025 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	183,528
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of 2022 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	12,350
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2022 and 2023 Long Term Share Plan Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2022			GBP00.0000	380,366
	2023	GBP00.0000	348,092
	d)			Aggregated information - Aggregated volume - Price	728,458 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Chalmers
2	Reason for the notification
a)	Position/status	Chief Financial 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 transaction	Award of Shares under the 2025 Group Performance Share Award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	220,869
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2025 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	117,057
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2021, 2022 and 2023 Long Term Share Plan Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2021			GBP00.0000	164,018
	2022	GBP00.0000	274,146
	2023	GBP00.0000	250,885
	d)			Aggregated information - Aggregated volume - Price	689,049 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2020 Group Ownership Share (GOS) Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	228,237
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chirantan Barua
2	Reason for the notification
a)	Position/status	CEO, Insurance, Pensions & Investments
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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	1,944,201
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Award of Shares under the 2025 Group Performance Share Award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	291,630
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2025 Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	154,563
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2022 Deferred Group Performance Share Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	40,207
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2023 Long Term Share Plan Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	718,013
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Cheetham
2	Reason for the notification
a)	Position/status	Chief Legal Officer and Company Secretary
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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
				GBP00.0000	1,458,151
	d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
	e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2021 and 2022 Deferred Group Performance Share Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2021			GBP00.0000	5,950
	2022	GBP00.0000	13,504
	d)			Aggregated information - Aggregated volume - Price	19,454 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2021, 2022 and 2023 Long Term Share Plan Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2021			GBP00.0000	82,531
	2022	GBP00.0000	229,910
	2023	GBP00.0000	396,458
	d)			Aggregated information - Aggregated volume - Price	708,899 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sharon Doherty
2	Reason for the notification
a)	Position/status	Chief People and Places 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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	1,458,151
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2023 Long Term Share Plan Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	574,410
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jayne Opperman
2	Reason for the notification
a)	Position/status	CEO, Consumer Lending
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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	1,944,201
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2023 Long Term Share Plan Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	718,013
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	1,944,201
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2021, 2022 and 2023 Long Term Share Plan Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2021			GBP00.0000	436,698
	2022	GBP00.0000	811,016
	2023	GBP00.0000	699,260
	d)			Aggregated information - Aggregated volume - Price	1,946,974 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2019 and 2020 Group Ownership Share (GOS) Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2019 GOS			GBP00.0000	173,498
	2020 GOS	GBP00.0000	405,120
	d)			Aggregated information - Aggregated volume - Price	578,618 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jasjyot Singh
2	Reason for the notification
a)	Position/status	CEO, Consumer Relationships
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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	1,944,201
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2021, 2022 and 2023 Long Term Share Plan Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2021			GBP00.0000	47,091
	2022	GBP00.0000	112,701
	2023	GBP00.0000	574,410
	d)			Aggregated information - Aggregated volume - Price	734,202 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ron van Kemenade
2	Reason for the notification
a)	Position/status	Group Chief Operating 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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	1,944,201
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2023 Long Term Share Plan Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	718,013
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Walton
2	Reason for the notification
a)	Position/status	Chief Sustainability Officer and Chief Corporate Affairs 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 transaction	Award of Shares under Long Term Incentive Plan - 2026 award.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	1,458,151
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-03
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2021, 2022 and 2023 Long Term Share Plan Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2021			GBP00.0000	278,542
	2022	GBP00.0000	517,298
	2023	GBP00.0000	446,015
	d)			Aggregated information - Aggregated volume - Price	1,241,855 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue
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 transaction	Shares acquired in respect of the vesting of the 2019 and 2020 Group Ownership Share (GOS) Awards on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
	2019 GOS			GBP00.0000	112,877
	2020 GOS	GBP00.0000	272,001
	d)			Aggregated information - Aggregated volume - Price	384,878 GBP00.0000
	e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Winter
2	Reason for the notification
a)	Position/status	CEO, Corporate & Institutional Banking
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 transaction	Shares acquired in respect of the vesting of the 2023 Long Term Share Plan Award on a net of income tax and national insurance contributions (NICs) basis.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP00.0000	718,013
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2026-03-04
f)	Place of the transaction	Outside a trading venue

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: 05 March 2026

FAQ

What did Lloyds Banking Group (LYG) announce about 2026 LTIP awards?

Lloyds Banking Group granted new 2026 Long Term Incentive Plan awards to Group Executive Committee members on 3 March 2026. Awards are in Shares, with performance measured from 1 January 2026 to 31 December 2028 before vesting over the third and fourth anniversaries.

How are Lloyds (LYG) 2026 LTIP awards structured and when do they vest?

Each 2026 LTIP award is a conditional grant of Lloyds Shares with a three-year performance period ending 31 December 2028. Subject to scorecard outcomes, 75% of the Shares vest on the third anniversary of grant and 25% on the fourth anniversary, in line with regulatory requirements.

Which Lloyds (LYG) executives received the largest 2026 LTIP share awards?

Chirantan Barua, Jayne Opperman, Stephen Shelley, Jasjyot Singh and Ron van Kemenade each received 1,944,201 Shares under the 2026 LTIP. These maximum awards were calculated using a Share price of 102.87 pence, being the average closing price over the five trading days before grant.

What 2025 Group Performance Share awards did Lloyds (LYG) executives receive?

For 2025 Group Performance Share awards, Charlie Nunn received 346,284 Shares, William Chalmers 220,869 Shares and Chirantan Barua 291,630 Shares. These represent gross maximum awards, with Shares subject to income tax and national insurance on vesting and then released net to the executives.

What previous Lloyds (LYG) share awards vested on 4 March 2026?

On 4 March 2026, Lloyds released Deferred Group Performance Share Awards for 2021 and 2022, Long Term Share Plan awards granted in 2021–2023, and Group Ownership Share awards from 2019 and 2020. Executives received Shares for no payment, net of tax, with director holdings often locked for 12 months.

How is the Lloyds (LYG) LTIP performance measured for these awards?

The number of LTIP Shares that vest depends on performance against financial, strategic and sustainability measures in the LTIP scorecard. The Group Remuneration Committee assesses performance over the period from 1 January 2026 to 31 December 2028, as described in the 2025 Directors’ Remuneration Report.