Shell plc has announced conditional awards of performance shares under the Shell Share Plan 2023 to two Persons Discharging Managerial Responsibilities (PDMRs). Wael Sawan, Chief Executive Officer, received an award of 82,987 ordinary shares valued at £2,698,737.24, and Sinead Gorman, Chief Financial Officer, received an award of 10,964 ordinary shares valued at £356,549.28. These awards, made on May 20, 2026, are subject to performance conditions determined by the Remuneration Committee.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
May 21, 2026
Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have been made a conditional award of performance shares of Shell plc under the Shell Share Plan 2023, subject to performance conditions determined by the Remuneration Committee and Remuneration Committee discretion, as set out below.
PDMR
Date
Share Type
Number of shares awarded
Wael Sawan
20 May 2026
Ordinary Shares of €0.07 each
82,987
Sinead Gorman
20 May 2026
Ordinary Shares of €0.07 each
10,964
The Notification of Dealing Form for each PDMR can be found below.
Julie Keefe
Deputy Company Secretary
ENQUIRIES
Shell Media Relations
International, UK, European Press: +44 20 7934 5550
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Wael
Last Name(s)
Sawan
2. Reason for the notification
Position/status
Chief Executive Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Conditional award of performance shares of Shell plc under the Shell Share Plan 2023
Currency
GBP
Price
32.52
Volume
82,987
Total
2,698,737.24
Aggregated information
Volume
82,987
Price
32.52
Total
2,698,737.24
Date of transaction
20/05/2026
Place of transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Sinead
Last Name(s)
Gorman
2. Reason for the notification
Position/status
Chief Financial Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Conditional award of performance shares of Shell plc under the Shell Share Plan 2023
Currency
GBP
Price
32.52
Volume
10,964
Total
356,549.28
Aggregated information
Volume
10,964
Price
32.52
Total
356,549.28
Date of transaction
20/05/2026
Place of transaction
Outside a trading venue
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