REG - NatWest Group plc - Director/PDMR Shareholding

NatwestAnnouncement

09/05/2024 14:00

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RNS Number : 8006N  NatWest Group plc  09 May 2024

9 May 2024

NatWest Group plc

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE
REGULATION

 

1.  NatWest Group plc (the Company) announces that Sharing in Success awards
(SiS), over ordinary shares of £1.0769* each in the Company (Shares) (ISIN:
GB00BM8PJY71) were granted on 8 May 2024 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 above awards was £3.0380.

 

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, NatWest Commercial & Institutional and CEO NatWest Markets             330                   166                                                         164

                                                                                           SiS

 Keiran Foad          Group Chief Risk Officer                                             SiS    330                   156                                                         174
 David Lindberg       CEO, Retail Banking                                                  SiS    330                   156                                                         174
 Scott Marcar         Group Chief Information Officer                                      SiS    330                   156                                                         174
                                                                                           SiS    330                   156                                                         174

 Katie Murray         Group Chief Financial Officer
 Mohammad Kamal Syed  Interim CEO, Coutts and Wealth Businesses                            SiS    330                   156                                                         174
                      Group Chief Executive Officer                                        SiS    330                   156                                                         174

 Paul Thwaite
                      Group Chief Operating Officer                                        SiS    330                   156                                                         174

 Jen Tippin

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

 

The market price used to meet associated tax liabilities was £3.1241.

 

Clawback provisions will apply for a period of seven years from the date of
grant, extended to ten years, for relevant PDMRs, if events are under
investigation at the end of the seven year period.

 

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 8 May 2024,
as set out below. The Shares delivered represent payment of a fixed share
allowance for the three-month period ending 30 June 2024 and have been
calculated using a share price of £3.0380.

 

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 and CEO NatWest Markets      27,181                   13,611                                                      13,570
 Keiran Foad     Group Chief Risk Officer                                             33,946                   15,979                                                      17,967
 David Lindberg  CEO, Retail Banking                                                  29,363                   13,822                                                      15,541
 Scott Marcar    Group Chief Information Officer                                      33,946                   15,979                                                      17,967
 Katie Murray    Group Chief Financial Officer                                        64,842                   30,522                                                      34,320
 Paul Thwaite    Group Chief Executive Officer                                        95,101                   44,765                                                      50,336
 Jen Tippin      Group Chief Operating Officer                                        33,946                   15,979                                                      17,967

 

The market price used to determine the number of Shares withheld to meet
associated tax liabilities was £3.1241. 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.

 

All of the above transactions took place on the London Stock Exchange (XLON).

 

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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