REG-Director/PDMR Shareholding
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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).
PDMR Date of Transaction Share Type Number of dividend shares acquired Purchase price per Share
Wael Sawan 01 April 2026 SHELL (AMS) 2,486.44716 EUR 40.4578
Wael Sawan 01 April 2026 SHEL (LSE) 527.92 GBP 35.25802
Sinead Gorman 01 April 2026 SHEL (LSE) 1,726.49108 GBP 35.25802
Philippa Bounds 01 April 2026 SHELL (AMS) 0.00482 EUR 40.4578
Philippa Bounds 01 April 2026 SHEL (LSE) 98.72712 GBP 35.25802
Peter Costello 01 April 2026 SHELL (AMS) 25.18554 EUR 40.4578
Peter Costello 01 April 2026 SHEL (LSE) 809.76937 GBP 35.25802
Cederic Cremers 01 April 2026 SHELL (AMS) 275.0696 EUR 40.4578
Machteld de Haan 01 April 2026 SHELL (AMS) 237.13363 EUR 40.4578
Machteld de Haan 01 April 2026 SHEL ADS (NYSE) 17.69231 USD 93.59
Andrew Smith 01 April 2026 SHELL (AMS) 342.42509 EUR 40.4578
Rachel Solway 01 April 2026 SHEL (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/status Chief Executive Officer
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency EUR
Price 40.45780
Volume 2,486.44716
Total 100,596.18
Aggregated information
Volume 2,486.44716
Price 40.45780
Total 100,596.18
Date of transaction 01/04/2026
Place of transaction Amsterdam
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/status Chief Executive Officer
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency GBP
Price 35.25802
Volume 527.92
Total 18,613.41
Aggregated information
Volume 527.92
Price 35.25802
Total 18,613.41
Date of transaction 01/04/2026
Place of transaction London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Sinead
Last Name(s) Gorman
2. Reason for the notification
Position/status Chief Financial Officer
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency GBP
Price 35.25802
Volume 1,726.49108
Total 60,872.66
Aggregated information
Volume 1,726.49108
Price 35.25802
Total 60,872.66
Date of transaction 01/04/2026
Place of transaction London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Philippa
Last Name(s) Bounds
2. Reason for the notification
Position/status Chief Legal Officer
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency EUR
Price 40.45780
Volume 0.00482
Total 0.20
Aggregated information
Volume 0.00482
Price 40.45780
Total 0.20
Date of transaction 01/04/2026
Place of transaction Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Philippa
Last Name(s) Bounds
2. Reason for the notification
Position/status Chief Legal Officer
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency GBP
Price 35.25802
Volume 98.72712
Total 3,480.92
Aggregated information
Volume 98.72712
Price 35.25802
Total 3,480.92
Date of transaction 01/04/2026
Place of transaction London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Peter
Last Name(s) Costello
2. Reason for the notification
Position/status President, Upstream
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency EUR
Price 40.45780
Volume 25.18554
Total 1,018.95
Aggregated information
Volume 25.18554
Price 40.45780
Total 1,018.95
Date of transaction 01/04/2026
Place of transaction Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Peter
Last Name(s) Costello
2. Reason for the notification
Position/status President, Upstream
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency GBP
Price 35.25802
Volume 809.76937
Total 28,550.86
Aggregated information
Volume 809.76937
Price 35.25802
Total 28,550.86
Date of transaction 01/04/2026
Place of transaction London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Cederic
Last Name(s) Cremers
2. Reason for the notification
Position/status President, Integrated Gas
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency EUR
Price 40.45780
Volume 275.0696
Total 11,128.71
Aggregated information
Volume 275.0696
Price 40.45780
Total 11,128.71
Date of transaction 01/04/2026
Place of transaction Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Machteld
Last Name(s) de Haan
2. Reason for the notification
Position/status President, Downstream, Renewables and Energy Solutions
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency EUR
Price 40.45780
Volume 237.13363
Total 9,593.90
Aggregated information
Volume 237.13363
Price 40.45780
Total 9,593.90
Date of transaction 01/04/2026
Place of transaction Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Machteld
Last Name(s) de Haan
2. Reason for the notification
Position/status President, Downstream, Renewables and Energy Solutions
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument American Depository Shares (SHEL)
Identification Code US7802593050
Nature of the transaction Dividend 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.
Currency USD
Price 93.59000
Volume 17.69231
Total 1,655.82
Aggregated information
Volume 17.69231
Price 93.59000
Total 1,655.82
Date of transaction 01/04/2026
Place of transaction New York
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Andrew
Last Name(s) Smith
2. Reason for the notification
Position/status President, Trading and Supply
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency EUR
Price 40.45780
Volume 342.42509
Total 13,853.77
Aggregated information
Volume 342.42509
Price 40.45780
Total 13,853.77
Date of transaction 01/04/2026
Place of transaction Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Rachel
Last Name(s) Solway
2. Reason for the notification
Position/status Chief Human Resources and Corporate Officer
Initial notification/ amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity Shell plc
Legal Entity Identifier code 21380068P1DRHMJ8KU70
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 instrument Ordinary shares of €0.07 each
Identification Code GB00BP6MXD84
Nature of the transaction Dividend 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.
Currency GBP
Price 35.25802
Volume 69.05541
Total 2,434.76
Aggregated information
Volume 69.05541
Price 35.25802
Total 2,434.76
Date of transaction 01/04/2026
Place of transaction LondonRecent news on Shell
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