Shell (SHEL) leaders acquire dividend shares through bonus and share plan awards

Rhea-AI Filing Summary

Shell plc reported that several senior executives received additional shares through dividend reinvestments connected to existing incentive awards. Following the interim dividend paid on March 30, 2026 for the fourth quarter of 2025, these Persons Discharging Managerial Responsibilities received dividend shares into their Share Plan Accounts.

Chief Executive Officer Wael Sawan acquired 2,486.44716 ordinary shares listed in Amsterdam at EUR 40.45780 and 527.92 ordinary shares in London at GBP 35.25802. Chief Financial Officer Sinead Gorman received 1,726.49108 London-listed shares at GBP 35.25802, while other business presidents and functional leaders, including the heads of Upstream, Integrated Gas, Downstream, Trading and Supply, Legal, and HR, received smaller allocations in Amsterdam, London, and New York–listed American Depository Shares.

All transactions occurred on April 1, 2026 and are described as dividend shares in respect of previously delivered bonus or vested plan shares held in a Share Plan Account, meaning they reflect automatic share-based dividend reinvestments rather than discretionary open-market purchases.

Key Figures

CEO AMS dividend shares: 2,486.44716 shares at EUR 40.45780 CEO LSE dividend shares: 527.92 shares at GBP 35.25802 CFO LSE dividend shares: 1,726.49108 shares at GBP 35.25802 +5 more

8 metrics

CEO AMS dividend shares 2,486.44716 shares at EUR 40.45780 Wael Sawan, Amsterdam ordinary shares, total EUR 100,596.18

CEO LSE dividend shares 527.92 shares at GBP 35.25802 Wael Sawan, London ordinary shares, total GBP 18,613.41

CFO LSE dividend shares 1,726.49108 shares at GBP 35.25802 Sinead Gorman, London ordinary shares, total GBP 60,872.66

Costello LSE dividend shares 809.76937 shares at GBP 35.25802 Peter Costello, London ordinary shares, total GBP 28,550.86

Cremers AMS dividend shares 275.0696 shares at EUR 40.45780 Cederic Cremers, Amsterdam ordinary shares, total EUR 11,128.71

de Haan ADS dividend shares 17.69231 ADS at USD 93.59000 Machteld de Haan, New York ADS, total USD 1,655.82

Smith AMS dividend shares 342.42509 shares at EUR 40.45780 Andrew Smith, Amsterdam ordinary shares, total EUR 13,853.77

Solway LSE dividend shares 69.05541 shares at GBP 35.25802 Rachel Solway, London ordinary shares, total GBP 2,434.76

Key Terms

Persons Discharging Managerial Responsibilities, Share Plan Account, American Depository Shares (SHEL), Legal Entity Identifier code, +1 more

5 terms

Persons Discharging Managerial Responsibilities regulatory

"the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares"

Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.

Share Plan Account financial

"vested under employee share plans and held in a Share Plan Account."

A share plan account is a designated record that holds stock allocated to an individual under a formal share scheme, such as employee ownership programs or dividend reinvestment arrangements. It tracks how many shares are owned, any vesting or sale restrictions, and transaction history, acting like a locker that keeps those shares separate from ordinary brokerage holdings so investors know what they can sell, when, and how their ownership will affect their finances.

American Depository Shares (SHEL) financial

"Description of the financial instrument | American Depository Shares (SHEL)"

Legal Entity Identifier code regulatory

"Legal Entity Identifier code | 21380068P1DRHMJ8KU70"

A legal entity identifier code (LEI) is a unique, standardized 20-character code that works like a passport number for companies and other organizations, letting anyone unambiguously identify who is behind a financial transaction or filing. Investors care because it improves transparency and reduces fraud or confusion—making it easier to track ownership, confirm counterparties, and comply with reporting rules, much like a clear ID speeds up background checks.

interim dividend financial

"following the payment of the interim dividend on March 30, 2026 in respect of the fourth quarter of 2025"

An interim dividend is a cash payment a company declares and often pays before its annual results are finalized, similar to a mid‑year bonus paid from current profits. It matters to investors because it delivers immediate income, signals the company’s short‑term cash strength and confidence in ongoing earnings, and can influence share price and investor expectations about future payouts.

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 ISSUER 
PURSUANT TO RULE 13a-16 OR 15d-16 
UNDER THE SECURITIES EXCHANGE ACT OF 1934 

For the month of April 2026

Commission File Number: 1-32575 

Shell plc
(Exact name of registrant as specified in its charter) 

England and Wales
(Jurisdiction of incorporation or organization) 

Shell Centre
London, SE1 7NA
United Kingdom
(Address of principal executive office)

________________________________

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 [ X ]      Form 40-F [   ]

Director/PDMR Shareholding

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
April 7, 2026
Shell plc (the "Company") has been notified that following the payment of the interim dividend on March 30, 2026 in respect of the fourth quarter of 2025, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. Further information can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2025 (www.shell.com/annualreport).
PDMR		Date of Transaction		Share Type	Number of dividend shares acquired	Purchase price per Share
Wael Sawan		01 April 2026		SHELL (AMS)	2,486.44716	EUR 40.4578
Wael Sawan		01 April 2026		SHEL (LSE)	527.92	GBP 35.25802
Sinead Gorman		01 April 2026		SHEL (LSE)	1,726.49108	GBP 35.25802
Philippa Bounds		01 April 2026		SHELL (AMS)	0.00482	EUR 40.4578
Philippa Bounds		01 April 2026		SHEL (LSE)	98.72712	GBP 35.25802
Peter Costello		01 April 2026		SHELL (AMS)	25.18554	EUR 40.4578
Peter Costello		01 April 2026		SHEL (LSE)	809.76937	GBP 35.25802
Cederic Cremers		01 April 2026		SHELL (AMS)	275.0696	EUR 40.4578
Machteld de Haan		01 April 2026		SHELL (AMS)	237.13363	EUR 40.4578
Machteld de Haan		01 April 2026		SHEL ADS (NYSE)	17.69231	USD 93.59
Andrew Smith		01 April 2026		SHELL (AMS)	342.42509	EUR 40.4578
Rachel Solway		01 April 2026		SHEL (LSE)	69.05541	GBP 35.25802
The Notification of Dealing Form for each PDMR can be found below.
Julie Keefe
Deputy Company Secretary
ENQUIRIES
Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)		Wael
Last Name(s)		Sawan
2. Reason for the notification
Position/status		Chief Executive Officer
Initial notification/ amendment		Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity		Shell plc
Legal Entity Identifier code		21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument		Ordinary shares of €0.07 each
Identification Code		GB00BP6MXD84
Nature of the transaction		Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency		EUR
Price		40.45780
Volume		2,486.44716
Total		100,596.18
Aggregated information
Volume		2,486.44716
Price		40.45780
Total		100,596.18
Date of transaction		01/04/2026
Place of transaction		Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Wael
Last Name(s)	Sawan
2. Reason for the notification
Position/status	Chief Executive Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	527.92
Total	18,613.41
Aggregated information
Volume	527.92
Price	35.25802
Total	18,613.41
Date of transaction	01/04/2026
Place of transaction	London

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Sinead
Last Name(s)	Gorman
2. Reason for the notification
Position/status	Chief Financial Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	1,726.49108
Total	60,872.66
Aggregated information
Volume	1,726.49108
Price	35.25802
Total	60,872.66
Date of transaction	01/04/2026
Place of transaction	London

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Philippa
Last Name(s)	Bounds
2. Reason for the notification
Position/status	Chief Legal Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	0.00482
Total	0.20
Aggregated information
Volume	0.00482
Price	40.45780
Total	0.20
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Philippa
Last Name(s)	Bounds
2. Reason for the notification
Position/status	Chief Legal Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	98.72712
Total	3,480.92
Aggregated information
Volume	98.72712
Price	35.25802
Total	3,480.92
Date of transaction	01/04/2026
Place of transaction	London

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Peter
Last Name(s)	Costello
2. Reason for the notification
Position/status	President, Upstream
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	25.18554
Total	1,018.95
Aggregated information
Volume	25.18554
Price	40.45780
Total	1,018.95
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Peter
Last Name(s)	Costello
2. Reason for the notification
Position/status	President, Upstream
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	809.76937
Total	28,550.86
Aggregated information
Volume	809.76937
Price	35.25802
Total	28,550.86
Date of transaction	01/04/2026
Place of transaction	London

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Cederic
Last Name(s)	Cremers
2. Reason for the notification
Position/status	President, Integrated Gas
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	275.0696
Total	11,128.71
Aggregated information
Volume	275.0696
Price	40.45780
Total	11,128.71
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Machteld
Last Name(s)	de Haan
2. Reason for the notification
Position/status	President, Downstream, Renewables and Energy Solutions
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	237.13363
Total	9,593.90
Aggregated information
Volume	237.13363
Price	40.45780
Total	9,593.90
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Machteld
Last Name(s)	de Haan
2. Reason for the notification
Position/status	President, Downstream, Renewables and Energy Solutions
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	American Depository Shares (SHEL)
Identification Code	US7802593050
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	USD
Price	93.59000
Volume	17.69231
Total	1,655.82
Aggregated information
Volume	17.69231
Price	93.59000
Total	1,655.82
Date of transaction	01/04/2026
Place of transaction	New York

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Andrew
Last Name(s)	Smith
2. Reason for the notification
Position/status	President, Trading and Supply
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	EUR
Price	40.45780
Volume	342.42509
Total	13,853.77
Aggregated information
Volume	342.42509
Price	40.45780
Total	13,853.77
Date of transaction	01/04/2026
Place of transaction	Amsterdam

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Rachel
Last Name(s)	Solway
2. Reason for the notification
Position/status	Chief Human Resources and Corporate Officer
Initial notification/ amendment	Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity	Shell plc
Legal Entity Identifier code	21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument	Ordinary shares of €0.07 each
Identification Code	GB00BP6MXD84
Nature of the transaction	Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency	GBP
Price	35.25802
Volume	69.05541
Total	2,434.76
Aggregated information
Volume	69.05541
Price	35.25802
Total	2,434.76
Date of transaction	01/04/2026
Place of transaction	London

This Report on Form 6-K is incorporated by reference into:

(a) the Registration Statement on Form F-3 of Shell plc, Shell Finance US Inc. and Shell International Finance B.V. (Registration Numbers 333-276068, 333-276068-01 and 333-276068-02); and

(b) the Registration Statements on Form S-8 of Shell plc (Registration Numbers 333-262396, 333-272192 and 333-292109).

SIGNATURES

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.

		Shell plc
		(Registrant)
Date: April 7, 2026		/s/ Julie Keefe
		Julie Keefe
		Deputy Company Secretary

FAQ

What does Shell (SHEL) disclose in this Form 6-K about executive shareholdings?

Shell reports that several senior executives received additional shares through dividend reinvestments on April 1, 2026. These dividend shares were credited to existing incentive award holdings in Share Plan Accounts following the fourth-quarter 2025 interim dividend paid on March 30, 2026.

How many dividend shares did Shell CEO Wael Sawan acquire under this disclosure?

CEO Wael Sawan acquired 2,486.44716 Amsterdam-listed ordinary shares at EUR 40.45780 and 527.92 London-listed shares at GBP 35.25802. These were dividend shares linked to bonus and share plan awards, not discretionary open-market buying of Shell stock.

Which other Shell (SHEL) PDMRs received dividend shares and on what basis?

PDMRs including Sinead Gorman, Philippa Bounds, Peter Costello, Cederic Cremers, Machteld de Haan, Andrew Smith and Rachel Solway received dividend shares. Allocations arose from interim dividends on shares previously delivered under annual bonuses or vested employee share plans and held in Share Plan Accounts.

What was the largest single award of Shell dividend shares to a non-CEO executive?

Chief Financial Officer Sinead Gorman received 1,726.49108 London-listed ordinary shares at GBP 35.25802 per share. This reflects dividend reinvestment on previously delivered or vested plan shares, rather than a new cash investment in Shell shares on the open market.

Were any Shell dividend shares issued as American Depository Shares (ADS)?

Yes. President, Downstream, Renewables and Energy Solutions, Machteld de Haan, received 17.69231 Shell American Depository Shares at USD 93.59000. These ADS were described as dividend shares linked to previously delivered or vested awards held in a Share Plan Account.

On what date did the Shell (SHEL) PDMR dividend share acquisitions occur?

All reported dividend share acquisitions by Shell’s Persons Discharging Managerial Responsibilities took place on April 1, 2026. They followed the interim dividend payment on March 30, 2026 in respect of the fourth quarter of 2025, as described in the disclosure.