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Lloyds Banking Group (NYSE: LYG) execs receive 2026 share awards and transfers

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

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.

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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
 
 
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.
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