NWG insiders dispose of shares; routine 6-K filing details £0.5m sale

Rhea-AI Filing Summary

NatWest Group plc (NWG) filed a Form 6-K on 19 June 2025 disclosing insider transactions by two persons discharging managerial responsibility (PDMRs) under Article 19 of the EU/UK Market Abuse Regulation.

• Jen Tippin, Group Chief Operating Officer, sold 63,799 ordinary shares at £5.1501 each, raising approximately £329k.
• Angela Byrne, Interim CEO, Retail Banking, sold 26,600 ordinary shares at £5.1200 each, raising roughly £136k.

The sales were executed on the London Stock Exchange (XLON) and relate to ordinary shares with ISIN GB00BM8PJY71 (nominal value £1.0769). No other financial data, strategic updates or material corporate events were included in the filing.

Given NWG’s multibillion-pound market capitalisation, the combined disposals (~£0.5 million) are immaterial in absolute terms; however, investors often monitor insider selling for sentiment signals. The company provided standard contact details for Investor and Media Relations and filed the report in compliance with U.S. Exchange Act requirements for foreign private issuers.

Positive

• None.

Negative

• Executive insider selling: Two senior officers disposed of a combined 90,399 shares, which can be perceived as a mild negative sentiment signal despite limited financial materiality.

Insights

Financial Analyst

TL;DR: Routine PDMR sales; cash value small versus NWG size—no financial impact.

The combined £465k share sale represents a negligible fraction of NatWest’s daily trading volume and market cap. No link to earnings, guidance, or corporate actions is indicated. Such transactions are common around vesting periods or personal liquidity events. From a valuation standpoint, the filing does not alter revenue, capital ratios or dividend outlook; therefore, I view it as operationally neutral. Monitoring patterns of cumulative insider activity remains prudent, but this isolated disclosure is unlikely to sway institutional positioning.

Corporate Governance Expert

TL;DR: Insider sales disclosed promptly; governance compliance observed.

The filing satisfies MAR and SEC transparency rules, signalling adherence to best-practice governance. The PDMRs’ roles (COO and Interim Retail CEO) are senior, yet the transaction sizes are modest. No breach of blackout periods or unexplained timing is noted. Investors may interpret any executive sale cautiously, but the disclosure’s completeness mitigates governance concern. Overall, the event is neutral to slightly negative in sentiment but immaterial in governance risk.

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

June, 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:

19 June 2025

NatWest Group plc

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 the PDMR set out below has sold ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) on the date and at the price indicated:-

Name of PDMR	Position of PDMR	No. of Shares sold	Sale price	Date of transaction
Jen Tippin	Group Chief Operating Officer	63,799	£5.1501	19 June 2025
Angela Byrne	Interim CEO, Retail Banking	26,600	£5.1200	19 June 2025

The 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:	19 June 2025			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

How many NatWest (NWG) shares did Jen Tippin sell on 19 June 2025?

She sold 63,799 ordinary shares at £5.1501 each.

What was the sale price for Angela Byrne's NWG shares?

Angela Byrne sold her shares at £5.1200 per share.

Are the disclosed insider sales material to NatWest Group's market value?

No. The combined ~£0.5 million proceeds are immaterial relative to NatWest’s multibillion-pound market capitalisation.

On which exchange were the NWG insider transactions executed?

Both transactions took place on the London Stock Exchange (XLON).

Why did NatWest file these sales on Form 6-K?

As a foreign private issuer, NWG must furnish insider transaction disclosures to the SEC under Rule 13a-16, hence the Form 6-K filing.