NatWest (NWG) PDMRs set trading plans allowing sale of 25%

Rhea-AI Filing Summary

NatWest Group plc reports that four senior executives — the Group Chief Executive Officer, Group Chief Financial Officer, CEO, Retail Banking and Group Chief Risk Officer — each entered irrevocable trading plans on 29 August 2025 covering their beneficially owned ordinary shares of £1.076923076923077 nominal value. The plans permit regular, structured sales of up to 25% of the PDMRs' vested shares that are free of regulatory retention requirements, with the first possible trading date no earlier than 30 days after this announcement.

The trading plans cannot be amended and will expire on the earliest of: 21 July 2026, the date the PDMR leaves the group, or when the maximum number of shares specified in a plan has been sold. Transactions under these plans will occur outside a trading venue. Contact details for Investor Relations are provided in the filing.

Positive

• Structured liquidity provided to PDMRs via trading plans limiting sales to 25% of vested shares
• Irrevocable plans reduce risk of opportunistic timing by executives and enhance transparency

Negative

• Potential share supply into the market if multiple PDMRs sell up to 25% under the plans
• Short expiry window (plans expire by 21 July 2026) could concentrate selling over a limited period

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NatWest (NWG) announce in this 6-K filing?

The company announced that four PDMRs entered irrevocable trading plans on 29 August 2025 permitting sales of up to 25% of their vested shares.

Who are the executives covered by the trading plans?

The plans cover the Group CEO, Group CFO, CEO, Retail Banking and the Group Chief Risk Officer.

When can sales under the trading plans begin?

The first trading date will be no earlier than 30 days after the publication of the announcement.

How long do the trading plans last?

Each plan expires on the earliest of: 21 July 2026, the PDMR leaving employment, or when the specified maximum number of shares is sold.

How many shares may be sold under each plan?

Up to 25% of the PDMRs' vested shares that are free of regulatory retention requirements may be sold under the plans.

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

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Accepted by SEC EDGAR 09/02/2025 - 08:54 AM Learn about SEC filing dates

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

September, 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:

01 September 2025

NatWest Group plc

Execution of Trading Plans

This is an initial notification of transactions of persons discharging managerial responsibility (PDMRs) in accordance with Article 19 of the Market Abuse Regulation.

NatWest Group plc (the Company) announces that in accordance with the Company Directors' Remuneration Policy or Executive Shareholding Policy, as applicable, the PDMRs set out below each entered into a trading plan on 29 August 2025 in respect of ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) they beneficially own (the Trading Plans).

It was announced in the shareholding requirements section of the Company Directors' Remuneration Policy, on page 137 of the Company 2024 Annual Report and Accounts here, that the Company may offer the opportunity to enter into a trading plan and the Company has now implemented this.

The Trading Plans will facilitate regular and structured Share dealing to aid normal portfolio management. Under the terms of the Trading Plans, up to 25% of the PDMRs vested Shares (free of regulatory retention requirements) may be sold in accordance with the terms specified in the Trading Plans. The first trading date will be no earlier than 30-days after the publication of this announcement.

The Trading Plans are irrevocable, cannot be amended and will expire on the earliest to occur of (a) 21 July 2026; (b) the date the PDMR ceases to be employed by the Company or a member of the Company's group; and (c) the sale of maximum number of Shares specified in the Trading Plan agreement.

Name of PDMR	Position of PDMR
Paul Thwaite	Group Chief Executive Officer
Katie Murray	Group Chief Financial Officer
Solange Chamberlain	CEO, Retail Banking
Keiran Foad	Group Chief Risk Officer

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share.

The transactions took place outside a trading venue.

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:	01 September 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary