6-K 1 a3788e.htm DIRECTOR/PDMR SHAREHOLDING a3788e
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
May, 2026
 
Commission File Number 001-10306
 
NatWest Group plc
 
250 Bishopsgate,
London, EC2M 4AA
United Kingdom
(Address of principal executive offices)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
 
Form 20-F ☒
 
Form 40-F ☐
 
 
 
 
The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:
 
 
14 May 2026
NatWest Group plc
 
  
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE UK MARKET ABUSE REGULATION
 
1.    NatWest Group plc (the Company) announces that Sharing in Success (SiS) awards, over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) were granted on 13 May 2026 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 SiS awards was £5.7016.
 
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, Commercial & Institutional
 
SiS
 
253
127
126
 
Solange Chamberlain
 
CEO, Retail
SiS
253
120
133
 
Emma Crystal
 
CEO, Private Banking & Wealth Management
SiS
253
120
133
 
James Holian
 
Chief Customer & Operations Officer
SiS
253
120
133
 
Maria Kokkinou
 
Group Chief People Officer
SiS
253
120
133
 
Scott Marcar
 
Group Chief Information Officer
SiS
253
120
133
 
Katie Murray
 
 
Group Chief Financial Officer
SiS
253
120
133
 
Sean Pilcher
 
Interim Group Chief Risk Officer
SiS
253
120
133
 
Paul Thwaite
 
Group Chief Executive Officer
SiS
253
120
133
 
The market price used to meet associated tax liabilities was £5.7118. 
 
Clawback provisions will apply to each SiS award for a period of seven years from the date of grant. Such period can be extended to ten years in certain circumstances.
 
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 13 May 2026, 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 £5.7016.
 
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
15,895
7,960
7,935
 
Solange Chamberlain
 
CEO, Retail
12,716
5,986
6,730
 
Emma Crystal
 
CEO, Private Banking & Wealth Management
12,716
5,986
6,730
 
Scott Marcar
 
 
Group Chief Information Officer
18,088
8,515
9,573
 
Katie Murray
 
Group Chief Financial Officer
36,386
17,128
19,258
 
Paul Thwaite
 
Group Chief Executive Officer
53,366
25,120
28,246
 
The market price used to determine the number of Shares withheld to meet associated tax liabilities was £5.7118. 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.
 
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
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
 
 
NatWest Group plc
(Registrant)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Date:
14 May 2026
 
 
By:
/s/ Mark Stevens
 
 
 
 
 
 
 
 
 
 
 
 
Name:
Mark Stevens
 
 
 
 
 
Title:
Assistant Secretary