NatWest Group plc has announced the vesting of deferred awards over ordinary shares for Persons Discharging Managerial Responsibility (PDMRs) in accordance with Article 19 of the Market Abuse Regulation. The awards, granted under the NatWest Group plc 2014 Employee Share Plan on 7 March 2024, vested on 7 June 2024. The PDMRs, including Robert Begbie, Keiran Foad, David Lindberg, Scott Marcar, Katie Murray, Mohammad Kamal Syed, Paul Thwaite, and Jen Tippin, had a portion of their shares withheld to satisfy associated tax liabilities.
Robert Begbie, CEO of NatWest Commercial & Institutional and CEO of NatWest Markets, had 88,955 shares vested, with 44,545 shares withheld to satisfy tax liabilities, leaving 44,410 vested shares. Keiran Foad, Group Chief Risk Officer, had 96,118 shares vested, with 45,244 shares withheld, leaving 50,874 vested shares. Similar details were provided for the other PDMRs.
The market price used to meet associated tax liabilities was £3.1472, and the vested shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period. All transactions took place on the London Stock Exchange (XLON).
For further information, NatWest Group Investor Relations can be contacted through Claire Kane, Director of Investor Relations, at +44 20 7672 1758.