NatWest Group details PDMR trading plans, share sale

NatWest Group plc reports that several Persons Discharging Managerial Responsibility entered into structured share trading plans on 3 August 2026 for ordinary shares of £1.0769 each that they beneficially own.

Rhea-AI Filing Summary

NatWest Group plc reports that several Persons Discharging Managerial Responsibility entered into structured share trading plans on 3 August 2026 for ordinary shares of £1.0769 each that they beneficially own. The plans allow sales of up to 25% of vested shares free of regulatory retention requirements.

The trading plans, covering the Group Chief Executive Officer, Group Chief Financial Officer and CEO, Retail, are irrevocable, cannot be amended, start no earlier than 30 days after adoption and expire by 22 July 2027 or on earlier specified events. Separately, Commercial & Institutional CEO Robert Begbie sold 137,547 shares at £7.2456 per share on 4 August 2026 on the London Stock Exchange.

Key Figures

Maximum sale under trading plans: 25% of vested Shares Shares sold by Robert Begbie: 137,547 shares Sale price per share: £7.2456 +3 more

6 metrics

Maximum sale under trading plans 25% of vested Shares Under each PDMR trading plan, up to 25% of vested Shares free of regulatory retention may be sold

Shares sold by Robert Begbie 137,547 shares Sale by CEO, Commercial & Institutional, on 04/08/2026

Sale price per share £7.2456 Price received per NatWest Group ordinary share sold by Robert Begbie on 04/08/2026

Trading plan earliest start 30 days First trading date under each PDMR trading plan is no earlier than 30-days after plan entry

Trading plan latest expiry date 22 July 2027 Each PDMR trading plan expires on the earliest of 22 July 2027 or other specified events

Nominal value per ordinary share £1.076923076923077 Nominal value of NatWest Group ordinary shares referenced, stated without rounding

Key Terms

Persons Discharging Managerial Responsibility (PDMRs), trading plan, UK Market Abuse Regulation, nominal value, +1 more

5 terms

Persons Discharging Managerial Responsibility (PDMRs) regulatory

"INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs)"

trading plan financial

"the PDMRs set out below each entered into a trading plan on 3 August 2026"

A trading plan is a written set of rules an investor follows about what to buy or sell, when to enter and exit positions, and how much risk to accept—like a travel itinerary that maps the route, stops, and budget before a trip. It matters because it helps remove emotional decisions during market swings, enforces discipline, and makes performance easier to review and improve, reducing the chance of costly impulsive moves.

UK Market Abuse Regulation regulatory

"in accordance with Article 19 the UK Market Abuse Regulation"

nominal value financial

"the nominal value of ordinary shares without rounding is £1.076923076923077 per share"

Nominal value is the stated or face amount assigned to a financial instrument — for shares it’s the par value printed on the stock certificate, and for money or returns it can mean the number not adjusted for inflation. Think of it like a price tag on an item versus its buying power: the tag tells you the label, but not how much you can actually buy. Investors care because nominal values affect accounting, legal capital, dividend calculations and comparisons over time when inflation may distort real worth.

Legal Entity Identifier regulatory

"Legal Entity Identifier: 2138005O9XJIJN4JPN90"

A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.

FAQ

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

What trading plans did NatWest Group (NWG) senior managers adopt in August 2026?

NatWest Group senior managers adopted irrevocable trading plans on 3 August 2026 for ordinary shares they already own. Each plan allows selling up to 25% of vested shares free of regulatory retention, with the first trade at least 30 days after adoption and expiry by 22 July 2027.

Which NatWest Group (NWG) executives are covered by the new trading plans?

The trading plans cover Group CEO Paul Thwaite, Group CFO Katie Murray and CEO, Retail Solange Chamberlain. The plans govern regular, structured dealing in NatWest Group ordinary shares they beneficially own, under the company’s Directors' Remuneration Policy and Executive Shareholding Policy.

What share sale by a NatWest Group (NWG) PDMR was disclosed for 4 August 2026?

NatWest Group disclosed that Robert Begbie, CEO, Commercial & Institutional, sold 137,547 shares at £7.2456 each on 4 August 2026. The transaction occurred on the London Stock Exchange (XLON) and relates to ordinary shares of the company.

What limits apply to NatWest Group (NWG) PDMR trading plans for vested shares?

Under the trading plans, NatWest Group PDMRs may sell up to 25% of vested shares that are free of regulatory retention requirements. The plans are irrevocable, cannot be amended, and terminate upon reaching the maximum shares, employment changes, or by 22 July 2027.

When can trades start under NatWest Group (NWG) PDMR trading plans and when do they end?

Trades under the plans can start no earlier than 30 days after the plans were entered into on 3 August 2026. Each plan expires on the earlier of 22 July 2027, the PDMR leaving their role or group employment, or sale of the plan’s maximum share amount.

What is the nominal value of NatWest Group (NWG) ordinary shares mentioned in the disclosure?

NatWest Group’s ordinary shares referenced in the disclosure have a nominal value of £1.076923076923077 per share, described as £1.0769 each without rounding. This nominal value is a legal share capital measure and differs from the market trading price.

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

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Available on EDGAR 08/05/2026 - 09:01 AM Accepted by SEC EDGAR 08/05/2026 - 09:01 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

August, 2026

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:

5 August 2026

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE UK MARKET ABUSE REGULATION.

1. 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 3 August 2026 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 implemented this in 2025.

The Trading Plans 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 Trading Plans were entered into.

The Trading Plans are irrevocable, cannot be amended and will expire on the earliest to occur of (a) 22 July 2027; (b) the date the PDMR ceases to be a PDMR and/or employed by the Company or a member of the Company's group; and (c) the sale of the 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

The above transactions took place outside a trading venue.

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
Robert Begbie	CEO, Commercial & Institutional	137,547	£7.2456	04/08/2026

The above transaction 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:	05 August 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary