RNS Number : 3772E
NatWest Group plc
14 May 2026
14 May 2026
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE UK MARKET ABUSE REGULATION
1. NatWest Group plc (the Company) announces that Sharing in Success (SiS) awards, over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) were granted on 13 May 2026 under the NatWest Group plc 2024 Employee Share Plan (the Plan) and immediately vested. The market price per Share used on the grant of the SiS awards was £5.7016.
The number of Shares vested, 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
Award
No. of Shares vested
No. of Shares withheld to satisfy associated tax liability
No. of vested Shares retained
Robert Begbie
CEO, Commercial & Institutional
SiS
253
127
126
Solange Chamberlain
CEO, Retail
SiS
253
120
133
Emma Crystal
CEO, Private Banking & Wealth Management
SiS
253
120
133
James Holian
Chief Customer & Operations Officer
SiS
253
120
133
Maria Kokkinou
Group Chief People Officer
SiS
253
120
133
Scott Marcar
Group Chief Information Officer
SiS
253
120
133
Katie Murray
Group Chief Financial Officer
SiS
253
120
133
Sean Pilcher
Interim Group Chief Risk Officer
SiS
253
120
133
Paul Thwaite
Group Chief Executive Officer
SiS
253
120
133
The market price used to meet associated tax liabilities was £5.7118.
Clawback provisions will apply to each SiS award for a period of seven years from the date of grant. Such period can be extended to ten years in certain circumstances.
Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period.
2. The Company announces that Shares were delivered to PDMRs on 13 May 2026, as set out below. The Shares delivered represent payment of a fixed share allowance for the three-month period ending 30 June 2025 and have been calculated using a share price of £5.7016.
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 Commercial & Institutional
15,895
7,960
7,935
Solange Chamberlain
CEO, Retail
12,716
5,986
6,730
Emma Crystal
CEO, Private Banking & Wealth Management
12,716
5,986
6,730
Scott Marcar
Group Chief Information Officer
18,088
8,515
9,573
Katie Murray
Group Chief Financial Officer
36,386
17,128
19,258
Paul Thwaite
Group Chief Executive Officer
53,366
25,120
28,246
The market price used to determine the number of Shares withheld to meet associated tax liabilities was £5.7118. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a five-year period.
All of the above transactions took place on the London Stock Exchange (XLON).
* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:
NatWest Group Investor Relations
Claire Kane
Director of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
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