Natwest Group PLC

Remuneration Information • Jun 8, 2023

National Storage Mechanism | Additional information

RNS Number : 1485C

NatWest Group plc

08 June 2023

8 June 2023

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION

NatWest Group plc (the Company) announces that deferred awards (Deferred Awards) over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) vested on 7 June 2023, under the NatWest Group plc 2014 Employee Share Plan (the Plan), to the PDMRs set out below. The awards were granted under the Plan on 7 March 2023.

The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below.

Name of PDMR	Position of PDMR	No. of Shares vested	No. of Shares withheld to satisfy associated tax liability	No. of vested Shares retained
Robert Begbie	CEO, NatWest Markets	65,810	32,296	33,514
Peter Flavel	CEO, Wealth Businesses	52,858	24,881	27,977
Oliver Holbourn1	CEO, RBS International	58,320	-	58,320
David Lindberg	CEO, Retail Banking	85,642	40,313	45,329
Scott Marcar	Group Chief Information Officer	98,929	46,567	52,362
Andrew McLaughlin	CEO, Commercial & Institutional (non-ring-fenced bank)	54,196	24,425	29,771
Katie Murray	Group Chief Financial Officer	73,596	34,643	38,953
Alison Rose	Group Chief Executive Officer	113,820	53,576	60,244
John-Paul Thwaite	CEO, Commercial & Institutional (ring-fenced bank)	63,764	30,015	33,749
Jen Tippin	Chief People & Transformation Officer	101,720	47,881	53,839
1.     The award was granted when the PDMR was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority.

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share 

The market price used to meet associated tax liabilities was £2.5972. 

Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period. 

All of the above transactions took place on the London Stock Exchange (XLON).

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

NatWest Group Investor Relations

Alexander Holcroft

Head of Investor Relations

+44 20 7672 1758

NatWest Group Media Relations 

+44(0)131 523 4205

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