Lloyds Banking Group (NYSE: LYG) execs receive 2026 share awards and transfers
Filing Impact
Filing Sentiment
Form Type
6-K
Lloyds Banking Group plc reported routine share transactions by senior executives for early 2026. Under the first-quarter Fixed Share Award, Group Chief Executive Charlie Nunn acquired 192,885 ordinary shares and Chief Financial Officer William Chalmers acquired 123,027 shares at 94.48 pence each, to be released in thirds annually over three years.
Nunn, Chirantan Barua and Jayne Opperman also acquired 725,576, 226,735 and 336,745 shares respectively on 23 March 2026 through share buyout awards for nil consideration, net of tax and national insurance. On 20 March 2026, Chalmers sold 21,387 shares at 93.562 pence and bought 21,276 shares at 93.52 pence to transfer holdings into an ISA while maintaining compliance with the Group’s shareholder policy.
Positive
- None.
Negative
- None.
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
23 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, 23 March 2026
re: Director/PDMR
Shareholding
23 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')
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.
Fixed Share Awards
This announcement details the number of Shares acquired by PDMRs in
respect of the first quarter of 2026 under the Group's Fixed Share
Award. In this respect, the PDMRs listed in the table below
acquired on 20 March 2026, after the settlement of income tax and
national insurance contributions, the number of Shares as set out
by their name. The acquisition price
was 94.48 pence per Share.
The Shares will be held on behalf of the PDMRs and will be released
over a three-year period, with one-third being released each year
on 20 March.
|
Name
|
Net Shares
|
|
Charlie Nunn
|
192,885
|
|
William Chalmers
|
123,027
|
Transfer of Shares into an Individual Savings Account
('ISA')
To effect a transfer into an ISA, on 20 March 2026 William
Chalmers, a PDMR, sold 21,387 Shares from his personal holding at a
price of 93.562 pence per Share and on 20 March 2026 purchased
21,276 Shares at a price of 93.52 pence per Share. William
continues to comply with the Group's shareholder policy
requirements.
Exercise of options to acquire Shares
Charlie Nunn, Chirantan Barua and Jayne Opperman acquired Shares
following the exercise of share buyout awards (for nil
consideration) on 23 March 2026. The number of Shares acquired by
each, after the settlement of income tax and national insurance
contributions, is as set out below by their name. The Shares are
subject to holding periods in line with the periods applicable to
the awards from their previous employer which were bought
out.
|
Name
|
Net Shares
|
|
Charlie Nunn
|
725,576
|
|
Chirantan Barua
|
226,735
|
|
Jayne Opperman
|
336,745
|
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
|
Acquisition of Shares - In respect of the first quarter of 2026
under the Group's Fixed Share Award
|
|||
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
|
GBP00.944800
|
192,885
|
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|||
|
e)
|
Date of the transaction
|
2026-03-20
|
|||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|||
|
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 following the exercise of a share award on a
net of income tax and national insurance contributions (NICs)
basis
|
|||
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
||
|
|
GBP00.00
|
725,576
|
|
||
|
|
|
|
|
||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|||
|
e)
|
Date of the transaction
|
2026-03-23
|
|||
|
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
|
Acquisition of Shares - In respect of the first quarter of 2026
under the Group's Fixed Share Award
|
|||
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
|
GBP00.944800
|
123,027
|
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|||
|
e)
|
Date of the transaction
|
2026-03-20
|
|||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|||
|
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
|
Disposal of ordinary shares (to effect transfer to
ISA).
|
|||
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
||
|
|
GBP00.93562
|
21,387
|
|
||
|
|
|
|
|
||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|||
|
e)
|
Date of the transaction
|
2026-03-20
|
|||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|||
|
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 ordinary shares (to effect
transfer to ISA).
|
|||
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
||
|
|
GBP00.9352
|
21,276
|
|
||
|
|
|
|
|
||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|||
|
e)
|
Date of the transaction
|
2026-03-20
|
|||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|||
|
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 following the exercise of a share award on a
net of income tax and national insurance contributions (NICs)
basis
|
|||
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
|
GBP00.00
|
226,735
|
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|||
|
e)
|
Date of the transaction
|
2026-03-23
|
|||
|
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
|
Acquisition of Shares following the exercise of a share award on a
net of income tax and national insurance contributions (NICs)
basis
|
|||
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
|
GBP00.00
|
336,745
|
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|||
|
e)
|
Date of the transaction
|
2026-03-23
|
|||
|
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: 23
March 2026
FAQ
What PDMR share awards did Lloyds Banking Group (LYG) disclose in this 6-K?
Lloyds Banking Group disclosed Fixed Share Awards for the first quarter of 2026. Charlie Nunn received 192,885 shares and William Chalmers 123,027 shares at 94.48 pence each, to be held on their behalf and released in three equal annual instalments from 20 March.
Which Lloyds Banking Group executives exercised share buyout awards and how many shares did they receive?
Three senior executives received shares from buyout awards on 23 March 2026. Charlie Nunn acquired 725,576 shares, Chirantan Barua 226,735 shares, and Jayne Opperman 336,745 shares, all on a net-of-tax and national insurance basis and subject to holding periods aligned with prior employer awards.
What transactions did Lloyds Banking Group CFO William Chalmers make to transfer shares into an ISA?
On 20 March 2026, William Chalmers executed matched sale and purchase transactions. He sold 21,387 shares at 93.562 pence each and purchased 21,276 shares at 93.52 pence each to effect a transfer into an Individual Savings Account, while remaining within the Group’s shareholder policy requirements.
At what prices were the Lloyds Banking Group Fixed Share Award shares acquired in Q1 2026?
The Fixed Share Award shares were acquired at 94.48 pence per share. This price applied to the ordinary shares granted to PDMRs, including 192,885 shares for Group Chief Executive Charlie Nunn and 123,027 shares for Chief Financial Officer William Chalmers under the first-quarter 2026 award.
Are the Lloyds Banking Group share awards to PDMRs immediately transferable or subject to holding periods?
The disclosed awards are subject to holding and release conditions. Fixed Share Awards will be released in three equal tranches each 20 March over a three-year period, while the buyout awards for Nunn, Barua and Opperman are subject to holding periods aligned with their previous employers’ award schedules.
Which Lloyds Banking Group executives are covered by the 2026 PDMR transactions in this filing?
The filing covers transactions for four senior executives. These are Group Chief Executive Charlie Nunn, Chief Financial Officer William Chalmers, CEO Insurance, Pensions & Investments Chirantan Barua, and CEO Consumer Lending Jayne Opperman, each involved in compensation-related share acquisitions and, for Chalmers, an ISA-related transfer.