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
December 24, 2025
Shell plc (the "Company") has been notified that following the payment of the interim dividend on December 18, 2025 in respect of the third 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, 2024 (www.shell.com/annualreport).
PDMR Date Acquired Share Type Number of dividend shares acquired Purchase price per Share
Wael Sawan 22 December 2025 SHELL (AMS) 3,054.9554 EUR 31.0198
Wael Sawan 22 December 2025 SHEL (LSE) 656.18285 GBP 27.05954
Sinead Gorman 22 December 2025 SHEL (LSE) 2,145.9574 GBP 27.05954
Philippa Bounds 22 December 2025 SHELL (AMS) 0.00593 EUR 31.0198
Philippa Bounds 22 December 2025 SHEL (LSE) 307.48192 GBP 27.05954
Peter Costello 22 December 2025 SHELL (AMS) 30.33224 EUR 31.0198
Peter Costello 22 December 2025 SHEL (LSE) 1,007.40788 GBP 27.05954
Cederic Cremers 22 December 2025 SHELL (AMS) 337.96228 EUR 31.0198
Machteld de Haan 22 December 2025 SHELL (AMS) 291.35253 EUR 31.0198
Machteld de Haan 22 December 2025 SHEL ADS (NYSE) 21.62565 USD 72.97
Robertus Mooldijk 22 December 2025 SHELL (AMS) 703.89909 EUR 31.0198
Andrew Smith 22 December 2025 SHELL (AMS) 420.71812 EUR 31.0198
Rachel Solway 22 December 2025 SHEL (LSE) 84.59008 GBP 27.05954
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 31.0198
Volume 3,054.9554
Total 94,764.11
Aggregated information
Volume 3,054.9554
Price 31.0198
Total 94,764.11
Date of transaction 22/12/2025
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 27.05954
Volume 656.18285
Total 17,756.01
Aggregated information
Volume 656.18285
Price 27.05954
Total 17,756.01
Date of transaction 22/12/2025
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 27.05954
Volume 2,145.9574
Total 58,068.62
Aggregated information
Volume 2,145.9574
Price 27.05954
Total 58,068.62
Date of transaction 22/12/2025
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 31.0198
Volume 0.00593
Total 0.18
Aggregated information
Volume 0.00593
Price 31.0198
Total 0.18
Date of transaction 22/12/2025
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 27.05954
Volume 307.48192
Total 8,320.32
Aggregated information
Volume 307.48192
Price 27.05954
Total 8,320.32
Date of transaction 22/12/2025
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 31.0198
Volume 30.33224
Total 940.90
Aggregated information
Volume 30.33224
Price 31.0198
Total 940.90
Date of transaction 22/12/2025
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 27.05954
Volume 1,007.40788
Total 27,259.99
Aggregated information
Volume 1,007.40788
Price 27.05954
Total 27,259.99
Date of transaction 22/12/2025
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 31.0198
Volume 337.96228
Total 10,483.52
Aggregated information
Volume 337.96228
Price 31.0198
Total 10,483.52
Date of transaction 22/12/2025
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 31.0198
Volume 291.35253
Total 9,037.70
Aggregated information
Volume 291.35253
Price 31.0198
Total 9,037.70
Date of transaction 22/12/2025
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 72.97
Volume 21.62565
Total 1,578.02
Aggregated information
Volume 21.62565
Price 72.97
Total 1,578.02
Date of transaction 22/12/2025
Place of transaction New York
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s) Robertus
Last Name(s) Mooldijk
2. Reason for the notification
Position/status President, Projects and Technology
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 31.0198
Volume 703.89909
Total 21,834.81
Aggregated information
Volume 703.89909
Price 31.0198
Total 21,834.81
Date of transaction 22/12/2025
Place of transaction Amsterdam
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 31.0198
Volume 420.71812
Total 13,050.59
Aggregated information
Volume 420.71812
Price 31.0198
Total 13,050.59
Date of transaction 22/12/2025
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 & 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 27.05954
Volume 84.59008
Total 2,288.97
Aggregated information
Volume 84.59008
Price 27.05954
Total 2,288.97
Date of transaction 22/12/2025
Place of transaction LondonRecent news on Shell
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