LYG insider reinvests dividend to buy 1,806 shares at 81.477p

Rhea-AI Filing Summary

Lloyds Banking Group plc disclosed that Catherine Woods, a person discharging managerial responsibilities, together with James Woods (a person closely associated), acquired a joint holding of 1,806 ordinary shares of 10 pence each on 12 September 2025. The shares were purchased at 81.477 pence per share through the reinvestment of the interim dividend paid by the Group on 9 September 2025. The notification was made under the UK Market Abuse Regulation and reported via the Group’s regulatory announcement and Form 6-K.

Insights

Financial Analyst

TL;DR Insider acquisition of 1,806 shares via dividend reinvestment; transaction is small and routine, implying limited market impact.

The transaction shows a PDMR participating in the company's dividend reinvestment mechanism rather than an open-market purchase. At 81.477 pence per share for 1,806 shares, the total consideration is modest and is unlikely to affect valuations or signal a material change in insider sentiment. The disclosure fulfills regulatory transparency requirements.

Corporate Governance Expert

TL;DR Regulatory notification is standard; the purchase via dividend reinvestment is a common, non-disclosable trading pattern in terms of governance concerns.

The filing complies with Article 19(3) reporting obligations for PDMRs and persons closely associated. Because the acquisition arose from dividend reinvestment, it represents an administrative allocation rather than an active trading decision, reducing its relevance as a governance signal. Documentation appears complete for the disclosed event.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 09/18/2025 - 10:50 AM Learn about SEC filing dates

FAQ

What transaction did Lloyds Banking Group (LYG) report on 18 September 2025?

The company reported that Catherine Woods and James Woods acquired 1,806 ordinary shares via dividend reinvestment on 12 September 2025 at 81.477 pence per share.

How were the shares acquired by the PDMR purchased?

The shares were acquired through the reinvestment of the interim dividend paid by Lloyds on 9 September 2025.

Does this Form 6-K disclosure indicate a material transaction for Lloyds (LYG)?

No materiality is indicated in the filing; the disclosed acquisition of 1,806 shares at 81.477 pence is modest and reported for regulatory transparency.

Under what regulation was the transaction disclosed?

The notifications were made pursuant to Article 19(3) of the UK Market Abuse Regulation and reported in the Group’s regulatory announcement and Form 6-K.

When was the interim dividend paid that funded the reinvestment?

The interim dividend was paid on 9 September 2025, which funded the reinvestment that resulted in the share acquisition.

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

18 September 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, 18 September 2025

           re: Director/PDMR Shareholding

18 September 2025

LLOYDS BANKING GROUP PLC ("GROUP") - NOTIFICATION OF TRANSACTION BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") AND PERSON CLOSELY ASSOCIATED IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ("SHARES")

Catherine Woods, a PDMR, and James Woods, a Person Closely Associated with Catherine Woods, acquired in a joint account 1,806 Shares on 12 September 2025 at a price of 81.477 pence per Share through the reinvestment of the interim dividend in respect of the year ending 31 December 2025 paid by the Group on 9 September 2025.

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

The following notifications, made pursuant to Article 19(3) of the UK Market Abuse Regulation, provide further details of the above transactions.  

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	Catherine and James Woods
2	Reason for the notification
a)	Position/status	Catherine Woods - Non-Executive Director James Woods - Person Closely Associated with Catherine Woods
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 through the reinvestment of the interim dividend in respect of the year ending 31 December 2025 paid by the Group on 9 September 2025.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP00.81477	1,806
	d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2025-09-12
f)	Place of the transaction	London Stock Exchange (XLON)

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: 18 September 2025