Natwest Group PLC

Director's Dealing • May 13, 2021

National Storage Mechanism | Additional information

RNS Number : 5765Y

NatWest Group plc

13 May 2021

13 May 2021

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

NatWest Group plc (the Company) announces that ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 12 May 2021, under the NatWest Group 2014 Employee Share Plan (the Plan) as set out below. 

The Shares delivered represent payment of a fixed share allowance (FSA) for the three month period ending 30 June 2021 and have been calculated using a Share price of £1.9720.

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, NatWest Markets	41,202	19,807	21,395
Helen Cook	Chief HR Officer	15,530	7,311	8,219
Peter Flavel	CEO, Wealth Businesses	28,543	13,436	15,107
Bruce Fletcher	Chief Risk Officer, NatWest Group	42,470	19,991	22,479
David Lindberg	CEO, Retail Banking	41,202	19,395	21,807
Andrew McLaughlin1	CEO, RBS International	19,017	0	19,017
Simon McNamara	Chief Administrative Officer	41,202	19,807	21,395
Katie Murray	Chief Financial Officer	95,082	44,756	50,326
Alison Rose	Chief Executive Officer	139,453	65,642	73,811
John-Paul Thwaite	CEO, Commercial Banking	33,596	15,814	17,782
Jen Tippin	Chief Transformation Officer	52,295	24,616	27,679
1. The FSA was delivered when Andrew McLaughlin 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.

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £1.8605. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a three 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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