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.
