Shell 6-K: Insiders acquired dividend shares after interim dividend payment

Rhea-AI Filing Summary

Shell plc reported that after paying its interim dividend on September 22, 2025, certain Persons Discharging Managerial Responsibilities (PDMRs) acquired dividend shares that arose from awards previously delivered under annual bonus arrangements or vested employee share plans and held in Share Plan Accounts. The report notes that Notification of Dealing forms for each PDMR are available and refers readers to Shell's Annual Report and Form 20-F for the year ended December 31, 2024 for further information. The filing also cites registration statements on Form F-3 and Form S-8 under specified registration numbers. The disclosure is a routine, post-dividend share acquisition notice by insiders and affirms regulatory filing references and contact details for enquiries.

Positive

• Timely regulatory disclosure of PDMR share acquisitions following the interim dividend
• References to registration statements (Form F-3 and Form S-8) that document the legal basis for the issuances
• Availability of Notification of Dealing forms for transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider share acquisitions following dividend payment, with required notifications and cross-references to public registration statements.

The filing documents that PDMRs acquired dividend shares after the interim dividend payment on September 22, 2025. This is a standard post-dividend mechanics disclosure showing insiders received shares under existing remuneration and share plan arrangements and complied with reporting obligations. The reference to Notification of Dealing forms and to existing registration statements on Form F-3 and Form S-8 supports transparency and traceability of the share issuances. There is no operational or financial data in the report to suggest a change in governance policy or remuneration structure.

Securities/Compliance Analyst

TL;DR: Compliance-focused notice confirming insider acquisitions tied to dividend reinvestment and established registration statements.

The submission serves primarily as a compliance disclosure under the Exchange Act for PDMR dealings. It specifies the interim dividend payment date and that dividend shares were acquired in respect of previously delivered or vested awards held in Share Plan Accounts. Citing the Form F-3 and Form S-8 registration numbers aligns the share issuances with registered instruments. No material transactional amounts, prices, or individual holdings are disclosed in this document, limiting the ability to assess market impact or magnitude.

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 September 2025

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 September 29, 2025 Shell plc (the "Company") has been notified that following the payment of the interim dividend on September 22, 2025 in respect of the second 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, 2024 (www.shell.com/annualreport). 


 PDMRDate AcquiredShare TypeNumber of dividend shares acquiredPurchase price per ShareSinead Gorman25 September 2025SHEL (LSE)2,125.8795 GBP 26.81492Philippa Bounds25 September 2025SHELL (AMS)0.0059 EUR 30.8342Philippa Bounds25 September 2025SHEL (LSE)363.32738 GBP 26.81492Peter Costello25 September 2025SHELL (AMS)            30.19451 EUR 30.8342Peter Costello25 September 2025SHEL (LSE)          998.23504 GBP 26.81492Cederic Cremers25 September 2025SHELL (AMS)336.42762 EUR 30.8342Machteld de Haan25 September 2025SHELL (AMS)290.02952 EUR 30.8342Machteld de Haan25 September 2025SHEL ADS (NYSE)21.63277 USD 72.23Robertus Mooldijk25 September 2025SHELL (AMS)700.70275 EUR 30.8342Andrew Smith25 September 2025SHELL (AMS)418.80768 EUR 30.8342Rachel Solway25 September 2025SHEL (LSE)84.79864 GBP 26.81492 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 

LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Additional regulated information required to be disclosed under the laws of the United Kingdom.

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	26.81492
Volume	2,125.8795
Total	57,005.289
Aggregated information
Volume	2,125.8795
Price	26.81492
Total	57,005.289
Date of transaction	25/09/2025
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	30.8342
Volume	0.0059
Total	0.182
Aggregated information
Volume	0.0059
Price	30.8342
Total	0.182
Date of transaction	25/09/2025
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	26.81492
Volume	363.32738
Total	9,742.595
Aggregated information
Volume	363.32738
Price	26.81492
Total	9,742.595
Date of transaction	25/09/2025
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	30.8342
Volume	30.19451
Total	931.024
Aggregated information
Volume	30.19451
Price	30.8342
Total	931.024
Date of transaction	25/09/2025
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	26.81492
Volume	998.23504
Total	26,767.593
Aggregated information
Volume	998.23504
Price	26.81492
Total	26,767.593
Date of transaction	25/09/2025
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	30.8342
Volume	336.42762
Total	10,373.477
Aggregated information
Volume	336.42762
Price	30.8342
Total	10,373.477
Date of transaction	25/09/2025
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	30.8342
Volume	290.02952
Total	8,942.828
Aggregated information
Volume	290.02952
Price	30.8342
Total	8,942.828
Date of transaction	25/09/2025
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	72.23
Volume	21.63277
Total	1,562.535
Aggregated information
Volume	21.63277
Price	72.23
Total	1,562.535
Date of transaction	25/09/2025
Place of transaction	New York

1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)	Robertus
Last Name(s)	Mooldijk
2. Reason for the notification
Position/status	President, Projects and Technology
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	30.8342
Volume	700.70275
Total	21,605.609
Aggregated information
Volume	700.70275
Price	30.8342
Total	21,605.609
Date of transaction	25/09/2025
Place of transaction	Amsterdam

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	30.8342
Volume	418.80768
Total	12,913.60
Aggregated information
Volume	418.80768
Price	30.8342
Total	12,913.60
Date of transaction	25/09/2025
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 & 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	26.81492
Volume	84.79864
Total	2,273.869
Aggregated information
Volume	84.79864
Price	26.81492
Total	2,273.869
Date of transaction	25/09/2025
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 and 333-272192).

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: September 29, 2025		/s/ Julie Keefe
		Julie Keefe
		Deputy Company Secretary

FAQ

What did Shell plc (RYDAF) disclose in this 6-K?

Shell disclosed that following the interim dividend paid on September 22, 2025, certain PDMRs acquired dividend shares from previously delivered or vested awards held in Share Plan Accounts.

When was the interim dividend paid referenced in the Shell plc filing?

The interim dividend was paid on September 22, 2025, after which the PDMR dividend share acquisitions occurred.

Does the filing provide amounts or individual holdings for the PDMR share acquisitions?

No. The filing states that PDMRs acquired dividend shares and that Notification of Dealing forms are available, but it does not disclose specific amounts or individual share counts.

Where can I find more information about the share plan arrangements mentioned?

The filing refers readers to Shell's Annual Report and Form 20-F for the year ended December 31, 2024 and cites registration statements on Form F-3 and Form S-8 for further details.

Who signed the report on behalf of Shell plc?

The report was signed by Julie Keefe, Deputy Company Secretary, on behalf of Shell plc.