Director/PDMR Shareholding

NatWest Group plc
10 August 2023
 

10 August 2023

 

 

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 £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 8 August under the NatWest Group 2014 Employee Share Plan, as set out below. 

 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2023 and have been calculated using a Share price of £2.3796.

 

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, Commercial & Institutional Non Ring-Fenced Bank and CEO, NatWest Markets

15,759

7,734

8,025

Keiran Foad

Group Chief Risk Officer

43,338

20,400

22,938

 

David Lindberg

 

CEO, Retail Banking

34,145

16,073

18,072

Scott Marcar

 

Group Chief Information Officer

 

43,338

20,400

22,938

Katie Murray

 

Group Chief Financial Officer

 

82,782

38,966

43,816

Paul Thwaite1

 

Group Chief Executive Officer

 

32,832

15,455

17,377

Jen Tippin

 

Group Chief People & Transformation Officer

 

43,338

20,400

22,938

1 The award has been calculated with reference to Paul Thwaite's fixed share allowance entitlement as Chief Executive Officer Commercial and Institutional, Ring-Fenced Bank. Further disclosures relating to Paul Thwaite's remuneration arrangements as Group Chief Executive Officer will be made in due course.

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share

 

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.3939. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a three or five 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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END
 
 
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