NatWest Group (NWG) exec awards vest and planned share sales

Rhea-AI Filing Summary

NatWest Group plc reports that deferred share awards granted under its 2024 Employee Share Plan vested on 8 June 2026 for several senior executives. For example, Group CEO Paul Thwaite had 130,784 shares vest, with 61,561 withheld for tax and 69,223 retained, while CFO Katie Murray had 89,171 shares vest, 41,974 withheld and 47,197 retained. The company used a £5.9264 market price to calculate tax withholding, and retained shares are subject to a twelve‑month retention period. NatWest also notes that Solange Chamberlain, Katie Murray and Paul Thwaite sold 7,000, 16,000 and 18,000 shares respectively on 8 June 2026 at £5.9079 per share under previously announced irrevocable trading plans, with all trades executed on the London Stock Exchange.

Key Figures

CEO vesting: 130,784 shares CEO shares retained: 69,223 shares CFO vesting: 89,171 shares +4 more

7 metrics

CEO vesting 130,784 shares Shares vested to Group CEO Paul Thwaite on 8 June 2026

CEO shares retained 69,223 shares Vested shares retained by Group CEO Paul Thwaite after tax withholding

CFO vesting 89,171 shares Shares vested to Group Chief Financial Officer Katie Murray

Tax withholding price £5.9264 per share Market price used to meet associated tax liabilities on vesting

CEO share sale 18,000 shares Shares sold by Group CEO Paul Thwaite at £5.9079 on 8 June 2026

CFO share sale 16,000 shares Shares sold by CFO Katie Murray at £5.9079 on 8 June 2026

Retail CEO sale 7,000 shares Shares sold by CEO, Retail, Solange Chamberlain at £5.9079

Key Terms

Persons Discharging Managerial Responsibility, UK Market Abuse Regulation, deferred awards, irrevocable trading plans, +2 more

6 terms

Persons Discharging Managerial Responsibility regulatory

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

Senior managers and company directors who have authority over business decisions and regular access to confidential information that could affect the share price. Investors watch their share dealings and required disclosures because these people are more likely to know important company news before the public; their buying or selling can signal confidence or raise red flags about potential insider information, much like a coach's moves revealing the team's true condition.

UK Market Abuse Regulation regulatory

"IN ACCORDANCE WITH ARTICLE 19 THE UK MARKET ABUSE REGULATION"

deferred awards financial

"deferred awards, over ordinary shares of £1.0769* each in the Company"

irrevocable trading plans financial

"under, and in accordance with the terms of, the irrevocable trading plans entered into by the PDMRs"

retention period financial

"Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period."

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.

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Form 6-K: How Foreign Companies Report to the SEC →

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, 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:

10 June 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 deferred awards, over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) vested on 8 June 2026 under the NatWest Group plc 2024 Employee Share Plan (the Plan), to the PDMRs set out below. The awards were granted under the Plan on 9 March 2026.

The number of Shares vested, 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, Commercial & Institutional	69,896	35,001	34,895
Solange Chamberlain	CEO, Retail	47,351	22,289	25,062
Emma Crystal	CEO, Private Banking & Wealth Management	64,559	30,389	34,170
James Holian	Chief Customer & Operations Officer	7,674	3,613	4,061
Maria Kokkinou	Group Chief People Officer	7,733	3,640	4,093
Scott Marcar	Group Chief Information Officer	89,777	42,259	47,518
Katie Murray	Group Chief Financial Officer	89,171	41,974	47,197
Sean Pilcher	Interim Group Chief Risk Officer	5,883	2,770	3,113
Paul Thwaite	Group Chief Executive Officer	130,784	61,561	69,223

The market price used to meet associated tax liabilities was £5.9264

Additional Shares were delivered on vesting to reflect the value of dividends paid over the vesting period.

Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period.

2.  The Company also announces that the PDMRs set out below have sold Shares on the date and at the price indicated under, and in accordance with the terms of, the irrevocable trading plans entered into by the PDMRs, as announced on 1 September 2025:

Name of PDMR	Position of PDMR	No. of Shares sold	Sale price	Date of transaction
Solange Chamberlain	CEO, Retail	7,000	£5.9079	8 June 2026
Katie Murray	Group Chief Financial Officer	16,000	£5.9079	8 June 2026
Paul Thwaite	Group Chief Executive Officer	18,000	£5.9079	8 June 2026

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:	10 June 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary

FAQ

What executive share awards are disclosed for NatWest Group (NWG)?

NatWest Group discloses vesting of deferred share awards under its 2024 Employee Share Plan for multiple PDMRs, including Group CEO Paul Thwaite, CFO Katie Murray and other business heads, detailing shares vested, tax withholding and net shares retained for each individual.

How many NatWest (NWG) shares vested for CEO Paul Thwaite and what was retained?

Group CEO Paul Thwaite had 130,784 NatWest shares vest on 8 June 2026. Of these, 61,561 shares were withheld to cover tax liabilities, leaving 69,223 vested shares retained and subject to a twelve‑month post‑vesting retention period under the company’s share plan.

What share sales by NatWest (NWG) executives are reported in this 6-K?

NatWest reports that Solange Chamberlain, Katie Murray and Paul Thwaite sold 7,000, 16,000 and 18,000 shares respectively. All sales occurred on 8 June 2026 at £5.9079 per share on the London Stock Exchange under previously established irrevocable trading plans.

At what price did NatWest (NWG) calculate tax withholding on vested awards?

The company used a market price of £5.9264 per share to calculate shares withheld for tax on vested awards. This price determined how many shares were retained versus surrendered for associated liabilities for each PDMR under the 2024 Employee Share Plan.

Are NatWest (NWG) executives’ retained vested shares immediately tradable?

No. Vested shares retained by the PDMRs after paying associated tax liabilities are subject to a twelve‑month retention period. This means executives must hold those shares for one year following vesting before they can dispose of them, under the plan’s terms.