NatWest Group plc has disclosed the delivery of ordinary shares to Persons Discharging Managerial Responsibility (PDMRs) under the NatWest Group 2024 Employee Share Plan. The shares represent payment of a fixed share allowance for the three-month period ending 30 September 2024. The number of shares delivered, withheld to meet tax liabilities, and retained by each PDMR has been detailed. Additionally, conditional Buy-out and Deferred awards over shares have been granted to certain PDMRs to replace forfeited awards from their previous employer.
The conditional Buy-out award and Deferred award over shares have been granted to Emma Crystal, CEO of Coutts and Wealth Businesses. The awards are eligible to vest between 2024 and 2031 and are subject to malus, clawback, and a 12-month retention period. Furthermore, a conditional Buy-out award over shares vested to Emma Crystal has been announced, with details of the number of shares withheld to meet associated tax liabilities and the number of vested shares retained.
Moreover, a PDMR, Jen Tippin, Group Chief Operating Officer, has sold shares on the London Stock Exchange. The transactions took place on 7 August 2024. The market price used to determine the number of shares withheld to meet associated tax liabilities was also provided. The legal entity identifier and contact information for NatWest Group Investor Relations were included for further information.
This notification provides a comprehensive overview of the recent transactions involving PDMRs at NatWest Group plc, shedding light on the allocation, vesting, and sale of shares, as well as the associated tax liabilities and market prices.