NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
February 27, 2026
Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have received the number of shares as set out below. A percentage of the PDMR’s annual bonus is delivered in cash and a percentage is delivered in shares. Shares are subject to a three-year holding period, which continues to apply after PDMRs leave employment.
PDMR
Date Acquired
Share Type
Number of shares acquired
Purchase price per Share
Wael Sawan
26 February 2026
SHEL (LSE)
23,980
GBP 30.11
Sinead Gorman
26 February 2026
SHEL (LSE)
15,841
GBP 30.11
Philippa Bounds
26 February 2026
SHEL (LSE)
6,892
GBP 30.11
Peter Costello
26 February 2026
SHEL (LSE)
3,060
GBP 30.11
Andrew Smith
26 February 2026
SHELL (AMS)
6,853
EUR 34.57
Rachel Solway
26 February 2026
SHEL (LSE)
6,892
GBP 30.11
Cederic Cremers
25 February 2026
SHELL (AMS)
5,321
EUR 34.18
Machteld de Haan
25 February 2026
SHELL (AMS)
4,979
EUR 34.18
Robin Mooldijk
25 February 2026
SHELL (AMS)
3,648
EUR 34.18
The Notification of Dealing Form for each PDMR can be found below.
Julie Keefe
Deputy Company Secretary
ENQUIRIES
Shell Media Relations
International, UK, European Press: +44 20 7934 5550
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
Delivery of 50% of bonus in shares
Currency
GBP
Price
30.11
Volume
23,980.00
Total
722,037.80
Aggregated information
Volume
23,980.00
Price
30.11
Total
722,037.80
Date of transaction
26/02/2026
Place of transaction
Outside a trading venue
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
Delivery of 50% of bonus in shares
Currency
GBP
Price
30.11
Volume
15,841.00
Total
476,972.51
Aggregated information
Volume
15,841.00
Price
30.11
Total
476,972.51
Date of transaction
26/02/2026
Place of transaction
Outside a trading venue
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
Delivery of 50% of bonus in shares
Currency
GBP
Price
30.11
Volume
6,892.00
Total
207,518.12
Aggregated information
Volume
6,892.00
Price
30.11
Total
207,518.12
Date of transaction
26/02/2026
Place of transaction
Outside a trading venue
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
Delivery of 25% of bonus in shares
Currency
GBP
Price
30.11
Volume
3,060.00
Total
92,136.60
Aggregated information
Volume
3,060.00
Price
30.11
Total
92,136.60
Date of transaction
26/02/2026
Place of transaction
Outside a trading venue
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
Delivery of 50% of bonus in shares
Currency
EUR
Price
34.57
Volume
6,853.00
Total
236,908.21
Aggregated information
Volume
6,853.00
Price
34.57
Total
236,908.21
Date of transaction
26/02/2026
Place of transaction
Outside a trading venue
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
Delivery of 50% of bonus in shares
Currency
GBP
Price
30.11
Volume
6,892.00
Total
207,518.12
Aggregated information
Volume
6,892.00
Price
30.11
Total
207,518.12
Date of transaction
26/02/2026
Place of transaction
Outside a trading venue
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
Delivery of 50% of bonus in shares
Currency
EUR
Price
34.18
Volume
5,321.00
Total
181,871.78
Aggregated information
Volume
5,321.00
Price
34.18
Total
181,871.78
Date of transaction
25/02/2026
Place of transaction
Outside a trading venue
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
Delivery of 50% of bonus in shares
Currency
EUR
Price
34.18
Volume
4,979.00
Total
170,182.22
Aggregated information
Volume
4,979.00
Price
34.18
Total
170,182.22
Date of transaction
25/02/2026
Place of transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Robin
Last Name(s)
Mooldijk
2. Reason for the notification
Position/status
President, Projects & 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
Delivery of 25% of bonus in shares
Currency
EUR
Price
34.18
Volume
3,648.00
Total
124,688.64
Aggregated information
Volume
3,648.00
Price
34.18
Total
124,688.64
Date of transaction
25/02/2026
Place of transaction
Outside a trading venue
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