Director/PDMR Shareholding

RNS Number : 8071Y

NatWest Group plc

08 September 2022

 

8 September 2022

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) in accordance with Article 19 of the Market Abuse Regulation

NatWest Group plc (the Company) announces that on 7 September 2022, a buy-out award over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00BM8PJY71) vested to the PDMR set out below. The buy-out award had been granted in order to replace awards forfeited by the PDMR on leaving previous employment.

The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by the PDMR is set out below:-

Name of PDMR	Position of PDMR	No. of Shares vested	No. of Shares withheld to satisfy associated tax liability	No. of vested Shares retained
Jen Tippin	Chief People & Transformation Officer	1,106	535	571

The market p rice used to determine the number of Shares withheld to meet associated tax liabilities was £2.536.

Vested Shares retained after payment of associated tax liabilities will, where applicable, be subject to retention periods which mirror the retention periods applicable to the PDMR's original awards from their previous employer. 

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
[phone]

NatWest Group Media Relations 

[phone]

 

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