Director/PDMR Shareholding

RNS Number : 1618L
NatWest Group plc
11 May 2022
 

11 May 2022

 

NatWest Group plc

 

 

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

 

NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 10 May 2022, 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 2022 and have been calculated using a Share price of £2.1588.

 

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

37,637

18,565

19,072

 

Peter Flavel

 

 

CEO, Wealth Businesses

28,952

13,991

14,961

 

Bruce Fletcher

 

Chief Risk Officer, NatWest Group

 

38,795

18,747

20,048

 

David Lindberg

 

 

CEO, Retail Banking

37,637

18,188

19,449

 

Andrew McLaughlin 1

 

 

CEO, RBS International

17,371

0

17,371

 

Simon McNamara

 

 

Chief Administrative Officer

 

37,637

18,565

19,072

 

Katie Murray

 

Chief Financial Officer

 

88,591

42,810

45,781

 

Alison Rose

 

 

Chief Executive Officer

 

129,934

62,788

67,146

 

John-Paul Thwaite

 

CEO, Commercial Banking

 

36,190

17,488

18,702

 

Jen Tippin

 

Chief People & Transformation Officer

 

47,770

23,084

24,686

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 £2.0726. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Share Plan 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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