Lloyds Banking Group (LYG) executives acquire shares under incentive plan

Rhea-AI Filing Summary

Lloyds Banking Group plc reported routine share transactions by several senior executives under its Share Incentive Plan. On 9 December 2025, PDMRs acquired ordinary shares of 10 pence each through a mix of purchased Partnership Shares and free Matching Shares. For example, CEO of Insurance, Pensions & Investments Chirantan Barua acquired 31 Partnership Shares at GBP00.957 and received 45 Matching Shares, while Chief Legal Officer and Company Secretary Kate Cheetham acquired 157 Partnership Shares at GBP00.957 and received 47 Matching Shares. Similar acquisitions were reported for Chief People and Places Officer Sharon Doherty, Chief Risk Officer Stephen Shelley, and Chief Sustainability Officer and Chief Corporate Affairs Officer Andrew Walton. All transactions took place outside a trading venue as part of the Group’s ongoing 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

10 December 2025

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 December 2025

           re: Director/PDMR Shareholding

10 December 2025

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 December 2025, 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		GBP00.957	31
	Matching Shares		GBP00.000	45
	d)	Aggregated information - Aggregated volume - Price	76 See 4(c)
e)	Date of the transaction	2025-12-09
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		GBP00.957	157
	Matching Shares		GBP00.000	47
	d)	Aggregated information - Aggregated volume - Price	204 See 4(c)
e)	Date of the transaction	2025-12-09
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		GBP00.957	156
	Matching Shares		GBP00.000	47
	d)	Aggregated information - Aggregated volume - Price	203 See 4(c)
e)	Date of the transaction	2025-12-09
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		GBP00.957	156
	Matching Shares		GBP00.000	47
	d)	Aggregated information - Aggregated volume - Price	203 See 4(c)
e)	Date of the transaction	2025-12-09
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		GBP00.957	31
	Matching Shares		GBP00.000	45
	d)	Aggregated information - Aggregated volume - Price	76 See 4(c)
e)	Date of the transaction	2025-12-09
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 December 2025

FAQ

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

Lloyds Banking Group plc disclosed routine share acquisitions by several senior executives under its Share Incentive Plan, involving ordinary shares of 10 pence each.

Which Lloyds Banking Group (LYG) executives acquired shares in this update?

The filing covers transactions by Chirantan Barua, Kate Cheetham, Sharon Doherty, Stephen Shelley, and Andrew Walton, all of whom hold senior management roles.

What is the nature of the transactions reported by Lloyds Banking Group (LYG)?

The transactions are acquisitions of ordinary shares under the Group’s Share Incentive Plan, consisting of purchased Partnership Shares and free Matching Shares awarded to participating executives.

At what price were the Lloyds Banking Group (LYG) Partnership Shares acquired?

The Partnership Shares for the participating executives were acquired at a price of GBP00.957 per ordinary share.

When did the reported Lloyds Banking Group (LYG) share transactions occur?

The share acquisitions and awards under the Share Incentive Plan took place on 9 December 2025.

Were the Lloyds Banking Group (LYG) PDMR transactions executed on an exchange?

No. The filing states that the transactions for all listed executives were conducted outside a trading venue.

Does this Lloyds Banking Group (LYG) filing indicate any change in strategy or financial outlook?

No. The disclosure relates specifically to routine share plan activity for senior executives and does not describe changes in strategy, earnings, or financial guidance.