What are Matching Shares in Lloyds Banking Group’s (LYG) Share Incentive Plan?

Matching Shares are additional ordinary shares awarded at GBP0.0000 per share alongside Partnership Shares. In this disclosure, each participating executive received 47 Matching Shares on 9 March 2026, supplementing their purchased Partnership Shares under the Share Incentive Plan.

Where were the Lloyds (LYG) PDMR share transactions conducted?

All disclosed PDMR share transactions were conducted outside a trading venue. The Form 6-K specifies this for each executive’s acquisition of ordinary shares under the Share Incentive Plan on 9 March 2026, covering both Partnership and Matching Share components.

Lloyds Banking Group PDMRs Acquire SIP Shares

Lloyds Banking Group reported routine share acquisitions by several senior executives under its Share Incentive Plan.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Lloyds Banking Group reported routine share acquisitions by several senior executives under its Share Incentive Plan. On 9 March 2026, PDMRs including Chirantan Barua, Kate Cheetham, Sharon Doherty, Stephen Shelley, Jasjyot Singh and Andrew Walton acquired ordinary shares of 10 pence each.

Each executive bought Partnership Shares at GBP0.9542 per share and received additional Matching Shares at GBP0.0000 per share, reflecting the plan’s matching feature. Individual Partnership Share allocations ranged from 32 to 158 shares, with separate Matching Share awards of 47 shares for each participant.

FAQ

What does Lloyds Banking Group (LYG) disclose in this Form 6-K?

Lloyds Banking Group discloses routine share acquisitions by several senior executives under its Share Incentive Plan. On 9 March 2026 they acquired ordinary shares of 10 pence each through Partnership Shares and received additional Matching Shares at no cost.

Which Lloyds Banking Group (LYG) executives acquired shares in March 2026?

Executives named are Chirantan Barua, Kate Cheetham, Sharon Doherty, Stephen Shelley, Jasjyot Singh and Andrew Walton. Each is a person discharging managerial responsibilities and participated in the Share Incentive Plan transaction dated 9 March 2026 conducted outside a trading venue.

What price did Lloyds (LYG) executives pay for Partnership Shares?

The Partnership Shares for Lloyds executives were acquired at GBP0.9542 per share. This price applied consistently to all participating PDMRs under the Share Incentive Plan acquisition made on 9 March 2026, as disclosed in the detailed transaction tables.

How many Lloyds (LYG) shares did Kate Cheetham acquire under the SIP?

Kate Cheetham acquired 158 Partnership Shares at GBP0.9542 each and received 47 Matching Shares at GBP0.0000. Her aggregated volume was 205 ordinary shares of 10 pence each, all under the Group’s Share Incentive Plan on 9 March 2026.

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Accepted by SEC EDGAR 03/10/2026 - 11:59 AM

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 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, 10 March 2026

re: Director/PDMR Shareholding

10 March 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 March 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		GBP00.9542	32
	Matching Shares		GBP00.0000	47

d)	Aggregated information - Aggregated volume - Price	79 See 4(c)
e)	Date of the transaction	2026-03-09
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		GBP00.9542	158
	Matching Shares		GBP00.0000	47

d)	Aggregated information - Aggregated volume - Price	205 See 4(c)
e)	Date of the transaction	2026-03-09
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		GBP00.9542	157
	Matching Shares		GBP00.0000	47

d)	Aggregated information - Aggregated volume - Price	204 See 4(c)
e)	Date of the transaction	2026-03-09
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		GBP00.9542	157
	Matching Shares		GBP00.0000	47

d)	Aggregated information - Aggregated volume - Price	204 See 4(c)
e)	Date of the transaction	2026-03-09
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		GBP00.9542	105
	Matching Shares		GBP00.0000	47

d)	Aggregated information - Aggregated volume - Price	152 See 4(c)
e)	Date of the transaction	2026-03-09
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		GBP00.9542	32
	Matching Shares		GBP00.0000	47

d)	Aggregated information - Aggregated volume - Price	79 See 4(c)
e)	Date of the transaction	2026-03-09
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: 10 March 2026

Source: View Original Filing on SEC EDGAR