Natwest Group PLC

Director's Dealing • May 11, 2022

National Storage Mechanism | Additional information

RNS Number : 1618L

NatWest Group plc

11 May 2022

11 May 2022

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 each in the Company (Shares) (ISIN: GB00B7T77214) were delivered to PDMRs on 10 May 2022, 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 2022 and have been calculated using a Share price of £2.1588.

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	37,637	18,565	19,072
Peter Flavel	CEO, Wealth Businesses	28,952	13,991	14,961
Bruce Fletcher	Chief Risk Officer, NatWest Group	38,795	18,747	20,048
David Lindberg	CEO, Retail Banking	37,637	18,188	19,449
Andrew McLaughlin1	CEO, RBS International	17,371	0	17,371
Simon McNamara	Chief Administrative Officer	37,637	18,565	19,072
Katie Murray	Chief Financial Officer	88,591	42,810	45,781
Alison Rose	Chief Executive Officer	129,934	62,788	67,146
John-Paul Thwaite	CEO, Commercial Banking	36,190	17,488	18,702
Jen Tippin	Chief People & Transformation Officer	47,770	23,084	24,686
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 £2.0726. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs in the Computershare Share Plan 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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