Lloyds Banking Group (NYSE: LYG) execs get shares via incentive plan

Rhea-AI Filing Summary

Lloyds Banking Group plc filed a report detailing routine share acquisitions by several senior executives under its Share Incentive Plan. On 9 February 2026, six persons discharging managerial responsibilities acquired ordinary shares of 10 pence each, combining paid Partnership Shares at GBP1.0675 per share with free Matching Shares awarded at GBP0.0000 per share.

Participants included the CEOs of Insurance, Pensions & Investments and Consumer Relationships, the Chief Legal Officer and Company Secretary, the Chief People and Places Officer, the Chief Risk Officer, and the Chief Sustainability Officer and Chief Corporate Affairs Officer. All transactions took place outside a trading venue as part of the Group’s established employee share plan.

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

11 February 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, 11 February 2026

           re: Director/PDMR Shareholding

11 February 2026

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')

Monthly Partnership and Matching Shares

This announcement includes details in respect of the monthly acquisition of Partnership Shares and award of Matching Shares under the Group's Share Incentive Plan ('SIP'), made on 9 February 2026, in respect of those PDMRs who are participants in the SIP.

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	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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP01.0675	28
	Matching Shares		GBP00.0000	42
	d)	Aggregated information - Aggregated volume - Price	70 See 4(c)
e)	Date of the transaction	2026-02-09
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP01.0675	140
	Matching Shares		GBP00.0000	42
	d)	Aggregated information - Aggregated volume - Price	182 See 4(c)
e)	Date of the transaction	2026-02-09
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP01.0675	141
	Matching Shares		GBP00.0000	42
	d)	Aggregated information - Aggregated volume - Price	183 See 4(c)
e)	Date of the transaction	2026-02-09
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP01.0675	141
	Matching Shares		GBP00.0000	42
	d)	Aggregated information - Aggregated volume - Price	183 See 4(c)
e)	Date of the transaction	2026-02-09
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP01.0675	94
	Matching Shares		GBP00.0000	42
	d)	Aggregated information - Aggregated volume - Price	136 See 4(c)
e)	Date of the transaction	2026-02-09
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	Acquisition of Shares under the Group's Share Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Partnership Shares		GBP01.0675	28
	Matching Shares		GBP00.0000	42
	d)	Aggregated information - Aggregated volume - Price	70 See 4(c)
e)	Date of the transaction	2026-02-09
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: 11 February 2026

FAQ

What did Lloyds Banking Group (LYG) disclose in this 6-K filing?

Lloyds Banking Group disclosed that several senior executives acquired ordinary shares on 9 February 2026 through its Share Incentive Plan. The transactions combined purchased Partnership Shares at GBP1.0675 with free Matching Shares, forming part of routine share-based remuneration rather than discretionary market trades.

Which Lloyds (LYG) executives acquired shares under the Share Incentive Plan?

Executives acquiring shares included the CEOs of Insurance, Pensions & Investments and Consumer Relationships, the Chief Legal Officer and Company Secretary, the Chief People and Places Officer, the Chief Risk Officer, and the Chief Sustainability Officer and Chief Corporate Affairs Officer. Each is classified as a person discharging managerial responsibilities.

What type of shares were acquired by Lloyds (LYG) PDMRs?

The executives acquired ordinary shares of 10 pence each in Lloyds Banking Group. These were obtained as Partnership Shares they paid for and Matching Shares awarded for free under the Share Incentive Plan, all described as acquisitions outside a trading venue on 9 February 2026.

At what price did Lloyds (LYG) executives buy Partnership Shares?

Partnership Shares were acquired at a price of GBP1.0675 per share. This price applied consistently across all participating executives, reflecting the cost of the shares purchased under the Share Incentive Plan on 9 February 2026, separate from the free Matching Shares awarded.

What are Matching Shares in the Lloyds (LYG) Share Incentive Plan?

Matching Shares are additional ordinary shares awarded at GBP0.0000 to participating executives under the Share Incentive Plan. They are granted alongside paid Partnership Shares, effectively providing extra equity at no cost as part of the Group’s share-based compensation structure.

Were Lloyds (LYG) PDMR share acquisitions executed on an exchange?

No, each transaction is recorded as taking place outside a trading venue. The acquisitions occurred within the framework of Lloyds Banking Group’s Share Incentive Plan, rather than through open-market trades on a stock exchange, and are disclosed as regulatory PDMR notifications.