Director/PDMR Shareholding

RNS Number : 5765Y
NatWest Group plc
13 May 2021
 

13 May 2021

 

NatWest Group plc

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

 

NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 12 May 2021, under the NatWest Group 2014 Employee Share Plan (the Plan) as set out below. 

 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 June 2021 and have been calculated using a Share price of £1.9720.

 

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, NatWest Markets

41,202

19,807

21,395

Helen Cook

 

Chief HR Officer

15,530

7,311

8,219

Peter Flavel

CEO, Wealth Businesses

28,543

13,436

15,107

Bruce Fletcher

Chief Risk Officer, NatWest Group

42,470

19,991

22,479

David Lindberg

 

CEO, Retail Banking

41,202

19,395

21,807

Andrew McLaughlin 1

CEO, RBS International

19,017

0

19,017

Simon McNamara

Chief Administrative Officer

41,202

19,807

21,395

Katie Murray

Chief Financial Officer

95,082

44,756

50,326

Alison Rose

Chief Executive Officer

139,453

65,642

73,811

John-Paul Thwaite

CEO, Commercial Banking

33,596

15,814

17,782

Jen Tippin

Chief Transformation Officer

52,295

24,616

27,679

1. The FSA was delivered when Andrew McLaughlin was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority.

 

 

 

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.8605. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three year period.

 

 

The above transactions took place on the London Stock Exchange (XLON) .

 

Legal Entity Identifier: 2138005O9XJIJN4JPN90

 

 

For further information contact:-

 

NatWest Group Investor Relations
Alexander Holcroft

Head of Investor Relations
+44(0)20 7672 1758

 

NatWest Group Media Relations 

+44(0)131 523 4205

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