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[6-K] NatWest Group plc American Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

NatWest Group plc (NWG) filed a Form 6-K on 8 Aug 2025 reporting routine insider transactions under the 2024 Employee Share Plan. On 7 Aug 2025 eight persons discharging managerial responsibility (PDMRs) received ordinary shares priced at £5.2384 as fixed share allowances for the quarter ending 30 Sep 2025. After withholding shares to cover taxes at £5.1732, each executive retained stock that will release in tranches over five years; CEO Paul Thwaite kept the largest individual balance (29,776 shares).

In a separate Article 19 Market Abuse Regulation disclosure, Group Chief Information Officer Scott Marcar sold 7,759 shares on 8 Aug 2025 at £5.1634, with the trade executed on the London Stock Exchange.

The filing contains no financial results, guidance or strategic announcements and therefore has limited direct impact on NatWest’s investment thesis beyond standard governance transparency.

NatWest Group plc (NWG) ha presentato un modulo 6-K l'8 agosto 2025, riportando transazioni ordinarie di insider nell'ambito del Piano Azionario per i Dipendenti 2024. Il 7 agosto 2025, otto persone con responsabilità manageriali (PDMR) hanno ricevuto azioni ordinarie al prezzo di £5,2384 come indennità fissa di azioni per il trimestre terminante il 30 settembre 2025. Dopo la trattenuta di azioni per coprire le tasse a £5,1732, ogni dirigente ha mantenuto azioni che verranno rilasciate a tranche nel corso di cinque anni; l'amministratore delegato Paul Thwaite ha mantenuto il saldo individuale più alto (29.776 azioni).

In un'altra comunicazione ai sensi dell'Articolo 19 del Regolamento sul Market Abuse, il Chief Information Officer del gruppo, Scott Marcar, ha venduto 7.759 azioni l'8 agosto 2025 a £5,1634, con l'operazione eseguita alla Borsa di Londra.

Il documento non contiene risultati finanziari, previsioni o annunci strategici e pertanto ha un impatto diretto limitato sulla tesi d'investimento di NatWest, oltre alla consueta trasparenza di governance.

NatWest Group plc (NWG) presentó un Formulario 6-K el 8 de agosto de 2025 informando sobre transacciones rutinarias de insiders bajo el Plan de Acciones para Empleados 2024. El 7 de agosto de 2025, ocho personas con responsabilidades gerenciales (PDMRs) recibieron acciones ordinarias a un precio de £5.2384 como asignaciones fijas de acciones para el trimestre que finaliza el 30 de septiembre de 2025. Tras retener acciones para cubrir impuestos a £5.1732, cada ejecutivo conservó acciones que se liberarán en tramos durante cinco años; el CEO Paul Thwaite mantuvo el saldo individual más alto (29,776 acciones).

En una divulgación separada conforme al Artículo 19 del Reglamento sobre Abuso de Mercado, el Director de Información del Grupo, Scott Marcar, vendió 7,759 acciones el 8 de agosto de 2025 a £5.1634, con la operación realizada en la Bolsa de Valores de Londres.

El informe no contiene resultados financieros, previsiones ni anuncios estratégicos, por lo que tiene un impacto directo limitado en la tesis de inversión de NatWest más allá de la transparencia habitual de gobernanza.

NatWest Group plc (NWG)는 2025년 8월 8일 2024년 직원 주식 계획에 따른 일상적인 내부자 거래를 보고하는 Form 6-K를 제출했습니다. 2025년 8월 7일, 8명의 경영 책임자(PDMRs)가 2025년 9월 30일 종료 분기에 대한 고정 주식 수당으로 £5.2384의 가격으로 보통주를 받았습니다. 세금 납부를 위해 £5.1732 가격으로 주식을 원천징수한 후, 각 임원은 5년에 걸쳐 분할 해제될 주식을 보유했으며, CEO인 폴 스웨이트가 가장 많은 29,776주를 보유했습니다.

별도의 시장 남용 규정 제19조 공시에 따르면, 그룹 최고정보책임자(Scott Marcar)는 2025년 8월 8일 런던 증권거래소에서 £5.1634에 7,759주를 매도했습니다.

이 제출 서류에는 재무 실적, 전망 또는 전략적 발표가 포함되어 있지 않아, 표준 거버넌스 투명성을 제외하고는 NatWest의 투자 논리에 직접적인 영향은 제한적입니다.

NatWest Group plc (NWG) a déposé un formulaire 6-K le 8 août 2025, rapportant des transactions d'initiés courantes dans le cadre du Plan d'Actions Employés 2024. Le 7 août 2025, huit personnes exerçant des responsabilités managériales (PDMR) ont reçu des actions ordinaires au prix de 5,2384 £ en tant qu'allocations d'actions fixes pour le trimestre se terminant le 30 septembre 2025. Après retenue d'actions pour couvrir les impôts à 5,1732 £, chaque dirigeant a conservé des actions qui seront libérées par tranches sur cinq ans ; le PDG Paul Thwaite a conservé le solde individuel le plus important (29 776 actions).

Dans une divulgation distincte au titre de l'article 19 du Règlement sur les Abus de Marché, le Directeur des Systèmes d'Information du groupe, Scott Marcar, a vendu 7 759 actions le 8 août 2025 à 5,1634 £, la transaction ayant été exécutée à la Bourse de Londres.

Le dépôt ne contient ni résultats financiers, ni prévisions, ni annonces stratégiques et a donc un impact direct limité sur la thèse d'investissement de NatWest au-delà de la transparence habituelle en matière de gouvernance.

NatWest Group plc (NWG) reichte am 8. August 2025 ein Formular 6-K ein, in dem routinemäßige Insider-Transaktionen im Rahmen des Mitarbeiteraktienplans 2024 gemeldet wurden. Am 7. August 2025 erhielten acht Personen mit Führungsverantwortung (PDMRs) Stammaktien zum Preis von £5,2384 als feste Aktienzulage für das Quartal bis zum 30. September 2025. Nach der Einbehaltung von Aktien zur Steuerabdeckung zu £5,1732 behielt jeder Geschäftsführer Aktien, die in Tranchen über fünf Jahre freigegeben werden; CEO Paul Thwaite behielt den größten Einzelbestand (29.776 Aktien).

In einer separaten Meldung gemäß Artikel 19 der Marktmissbrauchsverordnung verkaufte der Group Chief Information Officer Scott Marcar am 8. August 2025 7.759 Aktien zu £5,1634, der Handel erfolgte an der Londoner Börse.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder strategische Ankündigungen und hat daher nur begrenzte direkte Auswirkungen auf die Investmentthese von NatWest über die übliche Governance-Transparenz hinaus.

Positive
  • Equity-based remuneration keeps senior leadership incentives tied to shareholder returns, reinforcing alignment.
Negative
  • Insider sale by CIO could create minor perception of lowered confidence, albeit immaterial in scale.

Insights

TL;DR – Routine share-plan vesting; minimal governance concern.

The disclosure satisfies MAR Article 19 requirements for insider dealings. Share issuance aligns senior management compensation with equity performance, supporting shareholder alignment best practice. The single 7,759-share sale by the CIO represents a small fraction of overall insider ownership and appears linked to personal liquidity rather than signalling. No red flags emerge regarding compliance or insider-trading timing, so I view governance impact as neutral.

TL;DR – Administrative; negligible portfolio impact.

The vesting and modest insider sale do not alter NatWest’s earnings outlook, capital position or dividend capacity. Combined share movements are immaterial versus NWG’s ~9 bn share count and £26 bn market cap. I would not adjust position sizing or valuation models based on this filing.

NatWest Group plc (NWG) ha presentato un modulo 6-K l'8 agosto 2025, riportando transazioni ordinarie di insider nell'ambito del Piano Azionario per i Dipendenti 2024. Il 7 agosto 2025, otto persone con responsabilità manageriali (PDMR) hanno ricevuto azioni ordinarie al prezzo di £5,2384 come indennità fissa di azioni per il trimestre terminante il 30 settembre 2025. Dopo la trattenuta di azioni per coprire le tasse a £5,1732, ogni dirigente ha mantenuto azioni che verranno rilasciate a tranche nel corso di cinque anni; l'amministratore delegato Paul Thwaite ha mantenuto il saldo individuale più alto (29.776 azioni).

In un'altra comunicazione ai sensi dell'Articolo 19 del Regolamento sul Market Abuse, il Chief Information Officer del gruppo, Scott Marcar, ha venduto 7.759 azioni l'8 agosto 2025 a £5,1634, con l'operazione eseguita alla Borsa di Londra.

Il documento non contiene risultati finanziari, previsioni o annunci strategici e pertanto ha un impatto diretto limitato sulla tesi d'investimento di NatWest, oltre alla consueta trasparenza di governance.

NatWest Group plc (NWG) presentó un Formulario 6-K el 8 de agosto de 2025 informando sobre transacciones rutinarias de insiders bajo el Plan de Acciones para Empleados 2024. El 7 de agosto de 2025, ocho personas con responsabilidades gerenciales (PDMRs) recibieron acciones ordinarias a un precio de £5.2384 como asignaciones fijas de acciones para el trimestre que finaliza el 30 de septiembre de 2025. Tras retener acciones para cubrir impuestos a £5.1732, cada ejecutivo conservó acciones que se liberarán en tramos durante cinco años; el CEO Paul Thwaite mantuvo el saldo individual más alto (29,776 acciones).

En una divulgación separada conforme al Artículo 19 del Reglamento sobre Abuso de Mercado, el Director de Información del Grupo, Scott Marcar, vendió 7,759 acciones el 8 de agosto de 2025 a £5.1634, con la operación realizada en la Bolsa de Valores de Londres.

El informe no contiene resultados financieros, previsiones ni anuncios estratégicos, por lo que tiene un impacto directo limitado en la tesis de inversión de NatWest más allá de la transparencia habitual de gobernanza.

NatWest Group plc (NWG)는 2025년 8월 8일 2024년 직원 주식 계획에 따른 일상적인 내부자 거래를 보고하는 Form 6-K를 제출했습니다. 2025년 8월 7일, 8명의 경영 책임자(PDMRs)가 2025년 9월 30일 종료 분기에 대한 고정 주식 수당으로 £5.2384의 가격으로 보통주를 받았습니다. 세금 납부를 위해 £5.1732 가격으로 주식을 원천징수한 후, 각 임원은 5년에 걸쳐 분할 해제될 주식을 보유했으며, CEO인 폴 스웨이트가 가장 많은 29,776주를 보유했습니다.

별도의 시장 남용 규정 제19조 공시에 따르면, 그룹 최고정보책임자(Scott Marcar)는 2025년 8월 8일 런던 증권거래소에서 £5.1634에 7,759주를 매도했습니다.

이 제출 서류에는 재무 실적, 전망 또는 전략적 발표가 포함되어 있지 않아, 표준 거버넌스 투명성을 제외하고는 NatWest의 투자 논리에 직접적인 영향은 제한적입니다.

NatWest Group plc (NWG) a déposé un formulaire 6-K le 8 août 2025, rapportant des transactions d'initiés courantes dans le cadre du Plan d'Actions Employés 2024. Le 7 août 2025, huit personnes exerçant des responsabilités managériales (PDMR) ont reçu des actions ordinaires au prix de 5,2384 £ en tant qu'allocations d'actions fixes pour le trimestre se terminant le 30 septembre 2025. Après retenue d'actions pour couvrir les impôts à 5,1732 £, chaque dirigeant a conservé des actions qui seront libérées par tranches sur cinq ans ; le PDG Paul Thwaite a conservé le solde individuel le plus important (29 776 actions).

Dans une divulgation distincte au titre de l'article 19 du Règlement sur les Abus de Marché, le Directeur des Systèmes d'Information du groupe, Scott Marcar, a vendu 7 759 actions le 8 août 2025 à 5,1634 £, la transaction ayant été exécutée à la Bourse de Londres.

Le dépôt ne contient ni résultats financiers, ni prévisions, ni annonces stratégiques et a donc un impact direct limité sur la thèse d'investissement de NatWest au-delà de la transparence habituelle en matière de gouvernance.

NatWest Group plc (NWG) reichte am 8. August 2025 ein Formular 6-K ein, in dem routinemäßige Insider-Transaktionen im Rahmen des Mitarbeiteraktienplans 2024 gemeldet wurden. Am 7. August 2025 erhielten acht Personen mit Führungsverantwortung (PDMRs) Stammaktien zum Preis von £5,2384 als feste Aktienzulage für das Quartal bis zum 30. September 2025. Nach der Einbehaltung von Aktien zur Steuerabdeckung zu £5,1732 behielt jeder Geschäftsführer Aktien, die in Tranchen über fünf Jahre freigegeben werden; CEO Paul Thwaite behielt den größten Einzelbestand (29.776 Aktien).

In einer separaten Meldung gemäß Artikel 19 der Marktmissbrauchsverordnung verkaufte der Group Chief Information Officer Scott Marcar am 8. August 2025 7.759 Aktien zu £5,1634, der Handel erfolgte an der Londoner Börse.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder strategische Ankündigungen und hat daher nur begrenzte direkte Auswirkungen auf die Investmentthese von NatWest über die übliche Governance-Transparenz hinaus.


 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
August, 2025
 
Commission File Number 001-10306
 
NatWest Group plc
 
250 Bishopsgate,
London, EC2M 4AA
United Kingdom
(Address of principal executive offices)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
 
Form 20-F
 
Form 40-F
 
 
 
 
The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:
 

8 August 2025
 
NatWest Group plc
 
  
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION
 
1.    NatWest Group plc (the Company) announces that ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 7 August 2025 under the NatWest Group 2024 Employee Share Plan (the Plan), as set out below. 
 
The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2025 and have been calculated using a Share price of £5.2384.
 
The number of Shares delivered, the number of Shares withheld to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-
 
Name of PDMR
Position of PDMR
No. of Shares vested
No. of Shares withheld to satisfy associated tax liability
 
No. of vested Shares retained
Robert Begbie
 
CEO, NatWest Commercial & Institutional
17,301
8,664
8,637
Solange Chamberlain
 
CEO, Retail Banking
13,841
6,516
7,325
Emma Crystal
 
CEO, Coutts and Wealth Businesses
13,125
6,179
6,946
Keiran Foad
 
Group Chief Risk Officer
19,687
9,267
10,420
Scott Marcar
 
Group Chief Information Officer
19,687
9,267
10,420
 
Katie Murray
 
Group Chief Financial Officer
38,357
18,055
20,302
 
Paul Thwaite
Group Chief Executive Officer
56,257
26,481
29,776
 
Jen Tippin
Group Chief Operating Officer
19,687
9,267
10,420
 
The market price used to determine the number of Shares withheld to meet associated tax liabilities was £5.1732. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a five year period.
 
2.  The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:
Name of PDMR
 
Position of PDMR
 
No. of Shares sold
 
Sale price
 
Date of transaction
 
Scott Marcar
 
Group Chief Information Officer
 
7,759
 
£5.1634
 
8 August 2025
 
 
   
All of the above transactions took place on the London Stock Exchange (XLON).
 
* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share 
 
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:
 
NatWest Group Investor Relations
       Claire Kane
       Director of Investor Relations
       +44 20 7672 1758
 
NatWest Group Media Relations 
+44(0)131 523 4205
 
 
 
SIGNATURE
 
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.
 
 
 
 
 
 
NatWest Group plc
(Registrant)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Date:
08 August 2025
 
 
By:
/s/ Mark Stevens
 
 
 
 
 
 
 
 
 
 
 
 
Name:
Mark Stevens
 
 
 
 
 
Title:
Assistant Secretary
 

FAQ

What did NatWest (NWG) disclose in its 8 Aug 2025 Form 6-K?

The filing reports share grants to eight executives under the 2024 Employee Share Plan and one executive share sale, with no financial results included.

How many shares did CEO Paul Thwaite retain from the 2024 plan?

Paul Thwaite retained 29,776 ordinary shares after tax withholding.

At what price were the plan shares calculated for vesting?

Share grants were calculated using a price of £5.2384 per share.

Which executive sold shares and at what price?

Group CIO Scott Marcar sold 7,759 shares at £5.1634 on 8 Aug 2025.

Does the 6-K include earnings or guidance updates for NWG?

No. The document is limited to PDMR share transactions and contains no financial performance data or outlook.
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