REG - Lloyds Banking Group - Director/PDMR Shareholding
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RNS Number : 4850F Lloyds Banking Group PLC 22 May 2026
22 May 2026
LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF THE
GROUP OF 10 PENCE EACH ('SHARES')
This announcement should be read in conjunction with the disclosures in the
2025 Annual Report and Accounts published on 13 February 2026. The 2025 Annual
Report and Accounts is available on the 'Financial downloads' page in the
'Investors' section of the Group's website www.lloydsbankinggroup.com
(http://www.lloydsbankinggroup.com) .
Long Term Incentive Plan ('LTIP') awards
On 21 May 2026, LTIP awards were made under the rules of the Group's Long Term
Incentive Plan to the PDMRs listed in the table below.
Executive Directors
In line with the disclosure in the 2025 Annual Report and Accounts, LTIP
awards to Executive Directors, Charlie Nunn and William Chalmers, were granted
following approval of the new Directors' Remuneration Policy at the Group's
2026 Annual General Meeting on 14 May 2026.
These awards have been made by reference to the same grant date, grant price
and performance measures as those used for the Group's other LTIP participants
in March 2026, as previously disclosed on 5 March 2026.
The awards for Charlie Nunn and William Chalmers will vest in two tranches:
75% after three years, subject to a two-year post-vesting holding period, and
25% after four years, subject to a one-year post-vesting holding period.
Newly appointed PDMRs
On 21 May 2026, LTIP awards were also granted to newly appointed PDMRs, Amanda
Murphy and John Langley, who joined the Group during 2026.
These awards have been made by reference to the same grant date, grant price
and performance measures as those used for the Group's other LTIP participants
in March 2026.
These awards will vest in two tranches: 75% after three years and 25% after
four years with no holding period.
Name Shares
Charlie Nunn 6,685,044
William Chalmers 3,837,506
John Langley 2,430,251
Amanda Murphy 1,458,151
Dividend Reinvestment Plan Share Acquisitions
Described below are the details of the number of Shares acquired by PDMRs
through the reinvestment of the final dividend in respect of the year ended 31
December 2025 paid by the Group on 19 May 2026.
Name Shares
Kate Cheetham 1,082
Sharon Doherty 35
Stephen Shelley 2,037
Jasjyot Singh 43,758
Exercise of optionS to acquire Shares
Ron van Kemenade acquired 99,631 Shares following the exercise of share buyout
awards (for nil consideration) on 21 May 2026. The number of Shares acquired
is after the settlement of income tax and national insurance contributions.
The Shares are subject to a holding period, in line with the period applicable
to the awards from his previous employer which were bought out.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Charlie Nunn
2 Reason for the notification
a) Position/status Group Chief Executive
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Award of Shares under Long Term Incentive Plan - 2026 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 6,685,044
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-21
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name William Chalmers
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Award of Shares under Long Term Incentive Plan - 2026 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 3,837,506
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-21
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Langley
2 Reason for the notification
a) Position/status CEO, Corporate & Institutional Banking
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Award of Shares under Long Term Incentive Plan - 2026 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 2,430,251
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-21
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Amanda Murphy
2 Reason for the notification
a) Position/status CEO, Business & Commercial Banking
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Award of Shares under Long Term Incentive Plan - 2026 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 1,458,151
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-21
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kate Cheetham
2 Reason for the notification
a) Position/status Chief Legal Officer and Company Secretary
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Acquisition of Shares through the reinvestment of the final dividend for 2025
on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.9667 1,082
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-19
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sharon Doherty
2 Reason for the notification
a) Position/status Chief People & Places Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Acquisition of Shares through the reinvestment of the final dividend for 2025
on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.9667 35
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-19
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Stephen Shelley
2 Reason for the notification
a) Position/status Chief Risk Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Acquisition of Shares through the reinvestment of the final dividend for 2025
on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.9667 2,037
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-19
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jasjyot Singh
2 Reason for the notification
a) Position/status CEO, Consumer Relationships
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Acquisition of Shares through the reinvestment of the final dividend for 2025
on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.9667 98
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-19
f) Place of the transaction London Stock Exchange (XLON)
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Acquisition of Shares through the reinvestment of the final dividend for 2025
on Shares held in Global Nominee Account.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.967942 43,660
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-20
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ron van Kemenade
2 Reason for the notification
a) Position/status Group Chief Operating Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Lloyds Banking Group plc
b) LEI 549300PPXHEU2JF0AM85
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 10p each
Identification code
GB0008706128
b) Nature of the transaction Acquisition of Shares following the exercise of share awards on a net of
income tax and national insurance contributions (NICs) basis
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP00.0000 99,631
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 2026-05-21
f) Place of the transaction Outside a trading venue
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