NatWest Group CEO Paul Thwaite receives 51,332 shares

Available on EDGAR 11/12/2026 - 12:41 PM EST Accepted by SEC EDGAR 11/12/2026 - 12:40 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

NatWest Group plc (NWG) delivered ordinary shares to PDMRs on November 10, 2026, under the NatWest Group 2024 Employee Share Plan as a fixed share allowance for the three-month period ending December 31, 2026. The share count was calculated using a price of £5.9276 per share; the price used to determine shares withheld for associated tax liabilities was £6.0672.

Group Chief Executive Officer Paul Thwaite received 51,332 shares, of which 24,163 were withheld and 27,169 retained. Group Chief Financial Officer Katie Murray received 34,999 shares, of which 16,475 were withheld and 18,524 retained. Retained shares will be held on behalf of PDMRs and released in instalments over five years. All transactions took place on the London Stock Exchange.

Key Figures

Share price used to calculate allowance: £5.9276 per share Price used to determine shares withheld for tax: £6.0672 per share Paul Thwaite shares delivered: 51,332 shares +5 more

8 metrics

Share price used to calculate allowance £5.9276 per share Fixed share allowance delivered to PDMRs on November 10, 2026

Price used to determine shares withheld for tax £6.0672 per share Associated tax liabilities on PDMR share deliveries

Paul Thwaite shares delivered 51,332 shares Group Chief Executive Officer; November 10, 2026

Paul Thwaite shares withheld 24,163 shares Withheld to satisfy associated tax liability

Paul Thwaite shares retained 27,169 shares Retained after associated tax liabilities

Katie Murray shares delivered 34,999 shares Group Chief Financial Officer; November 10, 2026

Katie Murray shares withheld 16,475 shares Withheld to satisfy associated tax liability

Katie Murray shares retained 18,524 shares Retained after associated tax liabilities

Key Terms

Persons Discharging Managerial Responsibility (PDMRs), fixed share allowance, nominal value

3 terms

Persons Discharging Managerial Responsibility (PDMRs) regulatory

"Transactions of Persons Discharging Managerial Responsibility (PDMRs)"

fixed share allowance financial

"represent payment of a fixed share allowance"

nominal value financial

"the nominal value of ordinary shares"

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.

FAQ

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

How many shares did NatWest Group CEO Paul Thwaite receive?

Group Chief Executive Officer Paul Thwaite received 51,332 shares on November 10, 2026. Of these, 24,163 were withheld for associated tax liabilities and 27,169 were retained.

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

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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

November, 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:

12 November 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

NatWest Group plc (the Company) announces that ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 10 November 2026 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 31 December 2026 and have been calculated using a Share price of £5.9276.

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 delivered	No. of Shares withheld to satisfy associated tax liability	No. of Shares retained
Robert Begbie	CEO, Commercial & Institutional	15,289	7,656	7,633
Abib Bocresion	Group Chief Risk Officer	11,599	5,460	6,139
Solange Chamberlain	CEO, Retail	12,231	5,758	6,473
Emma Crystal	CEO, Private Banking & Wealth Management	12,231	5,758	6,473
Scott Marcar	Group Chief Information Officer	17,398	8,190	9,208
Katie Murray	Group Chief Financial Officer	34,999	16,475	18,524
Paul Thwaite	Group Chief Executive Officer	51,332	24,163	27,169

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £6.0672. 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.

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:	12 November 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary