Natwest Group PLC

Director's Dealing • Nov 11, 2025

National Storage Mechanism | Additional information

RNS Number : 0564H

NatWest Group plc

11 November 2025

11 November 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 ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 7 November 2025 under the NatWest Group 2024 Employee Share Plan (the Plan), as set out below. 

The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2025 and have been calculated using a Share price of £5.8640.

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 vested	No. of Shares withheld to satisfy associated tax liability	No. of vested Shares retained
Robert Begbie	CEO, NatWest Commercial & Institutional	15,455	7,740	7,715
Solange Chamberlain	CEO, Retail Banking	12,364	5,820	6,544
Emma Crystal	CEO, Coutts and Wealth Businesses	11,725	5,520	6,205
Keiran Foad	Group Chief Risk Officer	17,587	8,279	9,308
Scott Marcar	Group Chief Information Officer	17,587	8,279	9,308
Katie Murray	Group Chief Financial Officer	34,265	16,129	18,136
Paul Thwaite	Group Chief Executive Officer	50,255	23,656	26,599

The market price used to determine the number of Shares withheld to meet associated tax liabilities was £5.9980. 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.

2.  The Company announces that the PDMRs set out below have sold Shares on the date and at the price indicated under, and in accordance with the terms of, the irrevocable Trading Plans entered into by the PDMRS, as announced on 01 September 2025: 

Name of PDMR	Position of PDMR	No. of Shares sold	Sale price	Date of transaction
Katie Murray	Group Chief Financial Officer	7,000	£6.0420	10/11/2025
Paul Thwaite	Group Chief Executive Officer	8,000	£6.0420	10/11/2025

3.  The Company announces that the PDMRs set out below have 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
Robert Begbie	CEO, NatWest Commercial & Institutional	19,000	£6.0700	10/11/2025
Scott Marcar	Group Chief Information Officer	19,125	£6.0164	07/11/2025

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFFMSUFEISEIF