NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
December 24, 2025
Shell plc (the "Company") has been notified that following the payment of the interim dividend on December 18, 2025 in respect of the third quarter of 2025, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. Further information can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2024 (www.shell.com/annualreport).
PDMR
Date Acquired
Share Type
Number of dividend shares acquired
Purchase price per Share
Wael Sawan
22 December 2025
SHELL (AMS)
3,054.9554
EUR 31.0198
Wael Sawan
22 December 2025
SHEL (LSE)
656.18285
GBP 27.05954
Sinead Gorman
22 December 2025
SHEL (LSE)
2,145.9574
GBP 27.05954
Philippa Bounds
22 December 2025
SHELL (AMS)
0.00593
EUR 31.0198
Philippa Bounds
22 December 2025
SHEL (LSE)
307.48192
GBP 27.05954
Peter Costello
22 December 2025
SHELL (AMS)
30.33224
EUR 31.0198
Peter Costello
22 December 2025
SHEL (LSE)
1,007.40788
GBP 27.05954
Cederic Cremers
22 December 2025
SHELL (AMS)
337.96228
EUR 31.0198
Machteld de Haan
22 December 2025
SHELL (AMS)
291.35253
EUR 31.0198
Machteld de Haan
22 December 2025
SHEL ADS (NYSE)
21.62565
USD 72.97
Robertus Mooldijk
22 December 2025
SHELL (AMS)
703.89909
EUR 31.0198
Andrew Smith
22 December 2025
SHELL (AMS)
420.71812
EUR 31.0198
Rachel Solway
22 December 2025
SHEL (LSE)
84.59008
GBP 27.05954
The Notification of Dealing Form for each PDMR can be found below.
Julie Keefe
Deputy Company Secretary
ENQUIRIES
Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Wael
Last Name(s)
Sawan
2. Reason for the notification
Position/status
Chief Executive Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
EUR
Price
31.0198
Volume
3,054.9554
Total
94,764.11
Aggregated information
Volume
3,054.9554
Price
31.0198
Total
94,764.11
Date of transaction
22/12/2025
Place of transaction
Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Wael
Last Name(s)
Sawan
2. Reason for the notification
Position/status
Chief Executive Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
GBP
Price
27.05954
Volume
656.18285
Total
17,756.01
Aggregated information
Volume
656.18285
Price
27.05954
Total
17,756.01
Date of transaction
22/12/2025
Place of transaction
London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Sinead
Last Name(s)
Gorman
2. Reason for the notification
Position/status
Chief Financial Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
GBP
Price
27.05954
Volume
2,145.9574
Total
58,068.62
Aggregated information
Volume
2,145.9574
Price
27.05954
Total
58,068.62
Date of transaction
22/12/2025
Place of transaction
London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Philippa
Last Name(s)
Bounds
2. Reason for the notification
Position/status
Chief Legal Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
EUR
Price
31.0198
Volume
0.00593
Total
0.18
Aggregated information
Volume
0.00593
Price
31.0198
Total
0.18
Date of transaction
22/12/2025
Place of transaction
Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Philippa
Last Name(s)
Bounds
2. Reason for the notification
Position/status
Chief Legal Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
GBP
Price
27.05954
Volume
307.48192
Total
8,320.32
Aggregated information
Volume
307.48192
Price
27.05954
Total
8,320.32
Date of transaction
22/12/2025
Place of transaction
London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Peter
Last Name(s)
Costello
2. Reason for the notification
Position/status
President, Upstream
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
EUR
Price
31.0198
Volume
30.33224
Total
940.90
Aggregated information
Volume
30.33224
Price
31.0198
Total
940.90
Date of transaction
22/12/2025
Place of transaction
Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Peter
Last Name(s)
Costello
2. Reason for the notification
Position/status
President, Upstream
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
GBP
Price
27.05954
Volume
1,007.40788
Total
27,259.99
Aggregated information
Volume
1,007.40788
Price
27.05954
Total
27,259.99
Date of transaction
22/12/2025
Place of transaction
London
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Cederic
Last Name(s)
Cremers
2. Reason for the notification
Position/status
President, Integrated Gas
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
EUR
Price
31.0198
Volume
337.96228
Total
10,483.52
Aggregated information
Volume
337.96228
Price
31.0198
Total
10,483.52
Date of transaction
22/12/2025
Place of transaction
Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Machteld
Last Name(s)
De Haan
2. Reason for the notification
Position/status
President, Downstream, Renewables and Energy Solutions
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
EUR
Price
31.0198
Volume
291.35253
Total
9,037.70
Aggregated information
Volume
291.35253
Price
31.0198
Total
9,037.70
Date of transaction
22/12/2025
Place of transaction
Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Machteld
Last Name(s)
De Haan
2. Reason for the notification
Position/status
President, Downstream, Renewables and Energy Solutions
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
American Depository Shares (SHEL)
Identification Code
US7802593050
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
USD
Price
72.97
Volume
21.62565
Total
1,578.02
Aggregated information
Volume
21.62565
Price
72.97
Total
1,578.02
Date of transaction
22/12/2025
Place of transaction
New York
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Robertus
Last Name(s)
Mooldijk
2. Reason for the notification
Position/status
President, Projects and Technology
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
EUR
Price
31.0198
Volume
703.89909
Total
21,834.81
Aggregated information
Volume
703.89909
Price
31.0198
Total
21,834.81
Date of transaction
22/12/2025
Place of transaction
Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Andrew
Last Name(s)
Smith
2. Reason for the notification
Position/status
President, Trading and Supply
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Currency
EUR
Price
31.0198
Volume
420.71812
Total
13,050.59
Aggregated information
Volume
420.71812
Price
31.0198
Total
13,050.59
Date of transaction
22/12/2025
Place of transaction
Amsterdam
1. Details of the person discharging managerial responsibilities/person closely associated
First Name(s)
Rachel
Last Name(s)
Solway
2. Reason for the notification
Position/status
Chief Human Resources & Corporate Officer
Initial notification/ amendment
Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Full name of the entity
Shell plc
Legal Entity Identifier code
21380068P1DRHMJ8KU70
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
Description of the financial instrument
Ordinary shares of €0.07 each
Identification Code
GB00BP6MXD84
Nature of the transaction
Dividend shares in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Transaction in Own Shares 24 December, 2025 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 24 December, 2025 it purchased the following number of Shares for...
Transaction in Own Shares 23 December, 2025 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 23 December, 2025 it purchased the following number of Shares for...
