Director/PDMR Shareholding

NatWest Group plc

08 November 2024

 

8 November 2024

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION

1.  NatWest Group plc (the Company) announces that ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 7 November 2024 under the NatWest Group 2024 Employee Share Plan (the Plan), as set out below. 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2024 and have been calculated using a Share price of £3.7650.

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 vested	No. of Shares withheld to satisfy associated tax liability	No. of vested Shares retained
Robert Begbie	CEO, NatWest Commercial & Institutional	24,071	12,054	12,017
*Emma Crystal	CEO, Coutts and Wealth Businesses	18,261	8,596	9,665
Keiran Foad	Group Chief Risk Officer	27,391	12,894	14,497
David Lindberg	CEO, Retail Banking	24,071	11,331	12,740
Scott Marcar	Group Chief Information Officer	27,391	12,894	14,497
Katie Murray	Group Chief Financial Officer	52,321	24,628	27,693
Paul Thwaite	Group Chief Executive Officer	76,738	36,122	40,616
Jen Tippin	Group Chief Operating Officer	27,391	12,894	14,497

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £3.8632 and where indicated *£3.8488. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a five year period.

2.  The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:

Name of PDMR	Position of PDMR	No. of Shares sold	Sale price	Date of transaction
Scott Marcar	Group Chief Information Officer	93,336	3.8329	7 November 2024

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
[phone]

NatWest Group Media Relations 

[phone]

 

END