Natwest Group PLC

Remuneration Information • Aug 10, 2023

National Storage Mechanism | Additional information

RNS Number : 9500I

NatWest Group plc

10 August 2023

10 August 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 ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 8 August under the NatWest Group 2014 Employee Share Plan, as set out below. 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 30 September 2023 and have been calculated using a Share price of £2.3796.

The number of Shares delivered, the number of Shares withheld to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-

Name of PDMR	Position of PDMR	No. of Shares delivered	No. of Shares withheld to satisfy associated tax liability	No. of Shares retained
Robert Begbie	CEO, Commercial & Institutional Non Ring-Fenced Bank and CEO, NatWest Markets	15,759	7,734	8,025
Keiran Foad	Group Chief Risk Officer	43,338	20,400	22,938
David Lindberg	CEO, Retail Banking	34,145	16,073	18,072
Scott Marcar	Group Chief Information Officer	43,338	20,400	22,938
Katie Murray	Group Chief Financial Officer	82,782	38,966	43,816
Paul Thwaite1	Group Chief Executive Officer	32,832	15,455	17,377
Jen Tippin	Group Chief People & Transformation Officer	43,338	20,400	22,938
1 The award has been calculated with reference to Paul Thwaite's fixed share allowance entitlement as Chief Executive Officer Commercial and Institutional, Ring-Fenced Bank. Further disclosures relating to Paul Thwaite's remuneration arrangements as Group Chief Executive Officer will be made in due course.

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

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £2.3939. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a three or five year period.

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(0)20 7672 1758

NatWest Group Media Relations 

+44(0)131 523 4205

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