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Lloyds Banking Group (NYSE: LYG) executives acquire shares via SIP

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.

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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
           reDirector/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

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.

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.
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