REG - NatWest Group plc - Director / PDMR Shareholding

NatwestAnnouncement

15/05/2025 14:00

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RNS Number : 8772I  NatWest Group plc  15 May 2025

15 May 2025

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 14 May 2025 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 £4.8336.

 

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             264                   133                                                         131

                                                             SiS

 Angela Byrne   Interim CEO, Retail Banking                  SiS    264                   125                                                         139
 Emma Crystal   CEO, Coutts and Wealth Businesses            SiS    264                   125                                                         139
 Keiran Foad    Group Chief Risk Officer                     SiS    264                   125                                                         139
 Scott Marcar   Group Chief Information Officer              SiS    264                   125                                                         139
                                                             SiS    264                   125                                                         139

 Katie Murray   Group Chief Financial Officer
                Group Chief Executive Officer                SiS    264                   125                                                         139

 Paul Thwaite
                Group Chief Operating Officer                SiS    264                   125                                                         139

 Jen Tippin

 

 

The market price used to meet associated tax liabilities was £4.8960.

 

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 14 May 2025,
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 £4.8336.

 

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      18,749                   9,389                                                       9,360
 Emma Crystal    CEO, Coutts and Wealth Businesses            14,224                   6,696                                                       7,528
 Keiran Foad     Group Chief Risk Officer                     21,336                   10,043                                                      11,293
 Scott Marcar    Group Chief Information Officer              21,336                   10,043                                                      11,293
 Katie Murray    Group Chief Financial Officer                41,569                   19,567                                                      22,002
 Paul Thwaite    Group Chief Executive Officer                60,968                   28,699                                                      32,269
 Jen Tippin      Group Chief Operating Officer                21,336                   10,043                                                      11,293

 

The market price used to determine the number of Shares withheld to meet
associated tax liabilities was £4.8960. 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.

3.   The Company announces that the PDMR set out below has sold Shares on
the date and at the price indicated:

 Name of PDMR  Position of PDMR               No. of Shares sold  Sale price  Date of transaction
 Jen Tippin    Group Chief Operating Officer  100,000             £4.8843     13 May 2025

 

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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