Press Releases April 7, 2026

Director/PDMR Shareholding

Shell plc's PDMRs acquire dividend shares following interim dividend payment for Q4 2025

By Nina Shah SHEL
Director/PDMR Shareholding
SHEL

Shell plc disclosed that its Persons Discharging Managerial Responsibilities (PDMRs) have acquired dividend shares related to shares previously awarded under bonuses or employee share plans following the interim dividend payment on March 30, 2026. The acquisitions occurred across multiple exchanges and currencies, reflecting routine share plan activity rather than new equity issuance or strategic changes.

Key Points

  • PDMRs, including the CEO and CFO, acquired dividend shares from employee share plans after the Q4 2025 interim dividend payment.
  • Transactions took place on multiple exchanges including London Stock Exchange, Amsterdam, and New York Stock Exchange (ADS), reflecting Shell's global listing structure.
  • The transactions represent reinvestment of dividends into shares rather than new share issuance or sales, indicating continued executive alignment with shareholder interests.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES     April 7, 2026         Shell plc (the "Company") has been notified that following the payment of the interim dividend on March 30, 2026 in respect of the fourth quarter of 2025, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. Further information can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2025 (www.shell.com/annualreport).      PDMRDate of TransactionShare TypeNumber of dividend shares acquiredPurchase price per ShareWael Sawan01 April 2026SHELL (AMS) 2,486.44716 EUR 40.4578 Wael Sawan01 April 2026SHEL (LSE) 527.92 GBP 35.25802 Sinead Gorman01 April 2026SHEL (LSE) 1,726.49108 GBP 35.25802 Philippa Bounds01 April 2026SHELL (AMS) 0.00482 EUR 40.4578 Philippa Bounds01 April 2026SHEL (LSE) 98.72712 GBP 35.25802 Peter Costello01 April 2026SHELL (AMS) 25.18554 EUR 40.4578 Peter Costello01 April 2026SHEL (LSE) 809.76937 GBP 35.25802 Cederic Cremers01 April 2026SHELL (AMS) 275.0696 EUR 40.4578 Machteld de Haan01 April 2026SHELL (AMS) 237.13363 EUR 40.4578 Machteld de Haan01 April 2026SHEL ADS (NYSE) 17.69231 USD 93.59 Andrew Smith01 April 2026SHELL (AMS) 342.42509 EUR 40.4578 Rachel Solway01 April 2026SHEL (LSE) 69.05541 GBP 35.25802      The Notification of Dealing Form for each PDMR can be found below.           Julie Keefe    Deputy Company Secretary        ENQUIRIES    Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html                                                  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/statusChief Executive Officer  Initial notification/ amendmentInitial notification  3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  Full name of the entityShell plc  Legal Entity Identifier code21380068P1DRHMJ8KU70  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 instrumentOrdinary shares of €0.07 each  Identification CodeGB00BP6MXD84  Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.  CurrencyEUR  Price40.45780  Volume2,486.44716  Total100,596.18  Aggregated information   Volume 2,486.44716  Price40.45780  Total100,596.18  Date of transaction 01/04/2026  Place of transactionAmsterdam  


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)WaelLast Name(s)Sawan2. Reason for the notificationPosition/statusChief Executive OfficerInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyGBPPrice35.25802Volume527.92Total18,613.41Aggregated information Volume 527.92Price35.25802Total18,613.41Date of transaction 01/04/2026Place of transactionLondon


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)SineadLast Name(s)Gorman2. Reason for the notificationPosition/statusChief Financial OfficerInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyGBPPrice35.25802Volume1,726.49108Total60,872.66Aggregated information Volume 1,726.49108Price35.25802Total60,872.66Date of transaction 01/04/2026Place of transactionLondon


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)PhilippaLast Name(s)Bounds2. Reason for the notificationPosition/statusChief Legal OfficerInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyEURPrice40.45780Volume0.00482Total0.20Aggregated information Volume 0.00482Price40.45780Total0.20Date of transaction 01/04/2026Place of transactionAmsterdam


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)PhilippaLast Name(s)Bounds2. Reason for the notificationPosition/statusChief Legal OfficerInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyGBPPrice35.25802Volume98.72712Total3,480.92Aggregated information Volume 98.72712Price35.25802Total3,480.92Date of transaction 01/04/2026Place of transactionLondon


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)PeterLast Name(s)Costello2. Reason for the notificationPosition/statusPresident, UpstreamInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyEURPrice40.45780Volume25.18554Total1,018.95Aggregated information Volume 25.18554Price40.45780Total1,018.95Date of transaction 01/04/2026Place of transactionAmsterdam


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)PeterLast Name(s)Costello2. Reason for the notificationPosition/statusPresident, UpstreamInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyGBPPrice35.25802Volume809.76937Total28,550.86Aggregated information Volume 809.76937Price35.25802Total28,550.86Date of transaction 01/04/2026Place of transactionLondon


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)CedericLast Name(s)Cremers2. Reason for the notificationPosition/statusPresident, Integrated GasInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyEURPrice40.45780Volume275.0696Total11,128.71Aggregated information Volume 275.0696Price40.45780Total11,128.71Date of transaction 01/04/2026Place of transactionAmsterdam


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)MachteldLast Name(s)de Haan2. Reason for the notificationPosition/statusPresident, Downstream, Renewables and Energy SolutionsInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyEURPrice40.45780Volume237.13363Total9,593.90Aggregated information Volume 237.13363Price40.45780Total9,593.90Date of transaction 01/04/2026Place of transactionAmsterdam


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)MachteldLast Name(s)de Haan2. Reason for the notificationPosition/statusPresident, Downstream, Renewables and Energy SolutionsInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentAmerican Depository Shares (SHEL)Identification CodeUS7802593050Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyUSDPrice93.59000Volume17.69231Total1,655.82Aggregated information Volume 17.69231Price93.59000Total1,655.82Date of transaction 01/04/2026Place of transactionNew York


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)AndrewLast Name(s)Smith2. Reason for the notificationPosition/statusPresident, Trading and SupplyInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyEURPrice40.45780Volume342.42509Total13,853.77Aggregated information Volume 342.42509Price40.45780Total13,853.77Date of transaction 01/04/2026Place of transactionAmsterdam


1. Details of the person discharging managerial responsibilities/person closely associatedFirst Name(s)RachelLast Name(s)Solway2. Reason for the notificationPosition/statusChief Human Resources and Corporate OfficerInitial notification/ amendmentInitial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorFull name of the entityShell plcLegal Entity Identifier code21380068P1DRHMJ8KU704. 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 conductedDescription of the financial instrumentOrdinary shares of €0.07 eachIdentification CodeGB00BP6MXD84Nature of the transactionDividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.CurrencyGBPPrice35.25802Volume69.05541Total2,434.76Aggregated information Volume 69.05541Price35.25802Total2,434.76Date of transaction 01/04/2026Place of transactionLondon

Risks

  • No new strategic information provided; market may remain indifferent, potentially limiting share price movements.
  • Currency exchange fluctuations may affect valuation of shares acquired across different markets and currencies.
  • Potential regulatory scrutiny on insider transactions could arise, although these appear routine and compliant with market abuse regulations.

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