Natwest Group PLC

Director's Dealing • May 15, 2025

National Storage Mechanism | Additional information

RNS Number : 8772I

NatWest Group plc

15 May 2025

15 May 2025

NatWest Group plc

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

1.  NatWest Group plc (the Company) announces that Sharing in Success awards (SiS), over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71 ) were granted on 14 May 2025 under the   NatWest Group plc 2024 Employee Share Plan (the Plan) and immediately vested. The market price per Share used on the grant of the above awards was £4.8336.

The number of Shares vested, 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	Award	No. of Shares vested	No. of Shares withheld to satisfy associated tax liability	No. of vested Shares retained
Robert Begbie	CEO, NatWest Commercial & Institutional	SiS	264	133	131
Angela Byrne	Interim CEO, Retail Banking	SiS	264	125	139
Emma Crystal	CEO, Coutts and Wealth Businesses	SiS	264	125	139
Keiran Foad	Group Chief Risk Officer	SiS	264	125	139
Scott Marcar	Group Chief Information Officer	SiS	264	125	139
Katie Murray	Group Chief Financial Officer	SiS	264	125	139
Paul Thwaite	Group Chief Executive Officer	SiS	264	125	139
Jen Tippin	Group Chief Operating Officer	SiS	264	125	139

The market price used to   meet associated tax liabilities   was £4.8960.  

Clawback provisions will apply for a period of seven years from the date of grant, extended to ten years, for relevant PDMRs, if events are under investigation at the end of the seven year period.

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

2.  The Company announces that Shares were delivered to PDMRs on 14 May 2025, as set out below. The Shares delivered represent payment of a fixed share allowance for the three-month period ending 30 June 2025 and have been calculated using a share price of £4.8336.

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 Commercial & Institutional	18,749	9,389	9,360
Emma Crystal	CEO, Coutts and Wealth Businesses	14,224	6,696	7,528
Keiran Foad	Group Chief Risk Officer	21,336	10,043	11,293
Scott Marcar	Group Chief Information Officer	21,336	10,043	11,293
Katie Murray	Group Chief Financial Officer	41,569	19,567	22,002
Paul Thwaite	Group Chief Executive Officer	60,968	28,699	32,269
Jen Tippin	Group Chief Operating Officer	21,336	10,043	11,293

The market price used to determine the number of   Shares withheld to   meet associated tax liabilities   was £4.8960.   Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a five year period.

​

3.   The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:

Name of PDMR	Position of PDMR	No. of Shares sold	Sale price	Date of transaction
Jen Tippin	Group Chief Operating Officer	100,000	£4.8843	13 May 2025

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

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

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:

NatWest Group Investor Relations

Claire Kane

Director of Investor Relations

+44 20 7672 1758

NatWest Group Media Relations 

+44(0)131 523 4205

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