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22 May 2026 14:00
22 May 2026
LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')
This announcement should be read in conjunction with the disclosures in the 2025 Annual Report and Accounts published on 13 February 2026. The 2025 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com.
Long Term Incentive Plan ('LTIP') awards
On 21 May 2026, LTIP awards were made under the rules of the Group's Long Term Incentive Plan to the PDMRs listed in the table below.
Executive Directors
In line with the disclosure in the 2025 Annual Report and Accounts, LTIP awards to Executive Directors, Charlie Nunn and William Chalmers, were granted following approval of the new Directors' Remuneration Policy at the Group's 2026 Annual General Meeting on 14 May 2026.
These awards have been made by reference to the same grant date, grant price and performance measures as those used for the Group's other LTIP participants in March 2026, as previously disclosed on 5 March 2026.
The awards for Charlie Nunn and William Chalmers will vest in two tranches: 75% after three years, subject to a two-year post-vesting holding period, and 25% after four years, subject to a one-year post-vesting holding period.
Newly appointed PDMRs
On 21 May 2026, LTIP awards were also granted to newly appointed PDMRs, Amanda Murphy and John Langley, who joined the Group during 2026.
These awards have been made by reference to the same grant date, grant price and performance measures as those used for the Group's other LTIP participants in March 2026.
These awards will vest in two tranches: 75% after three years and 25% after four years with no holding period.
Name | Shares |
Charlie Nunn William Chalmers | 6,685,044 3,837,506 |
John Langley | 2,430,251 |
Amanda Murphy | 1,458,151 |
Dividend Reinvestment Plan Share Acquisitions
Described below are the details of the number of Shares acquired by PDMRs through the reinvestment of the final dividend in respect of the year ended 31 December 2025 paid by the Group on 19 May 2026.
Name | Shares |
Kate Cheetham | 1,082 |
Sharon Doherty | 35 |
Stephen Shelley | 2,037 |
Jasjyot Singh | 43,758 |
Exercise of optionS to acquire Shares
Ron van Kemenade acquired 99,631 Shares following the exercise of share buyout awards (for nil consideration) on 21 May 2026. The number of Shares acquired is after the settlement of income tax and national insurance contributions. The Shares are subject to a holding period, in line with the period applicable to the awards from his previous employer which were bought out.
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Charlie Nunn
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| Group Chief Executive
| |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Award of Shares under Long Term Incentive Plan - 2026 award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.0000 | 6,685,044 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-21 | |||
f) | Place of the transaction | Outside a trading venue
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| William Chalmers
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief Financial Officer
| |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Award of Shares under Long Term Incentive Plan - 2026 award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.0000 | 3,837,506 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-21 | |||
f) | Place of the transaction | Outside a trading venue
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| John Langley
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Corporate & Institutional Banking
| |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Award of Shares under Long Term Incentive Plan - 2026 award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.0000 | 2,430,251 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-21 | |||
f) | Place of the transaction | Outside a trading venue
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Amanda Murphy
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Business & Commercial Banking
| |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Award of Shares under Long Term Incentive Plan - 2026 award. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.0000 | 1,458,151 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-21 | |||
f) | Place of the transaction | Outside a trading venue
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Kate Cheetham
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief Legal Officer and Company Secretary | |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.9667 | 1,082 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-19 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Sharon Doherty
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief People & Places Officer | |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.9667 | 35 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-19 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
| |||||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Stephen Shelley
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief Risk Officer | |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.9667 | 2,037 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-19 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Jasjyot Singh
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Consumer Relationships | |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.9667 | 98 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-19 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in Global Nominee Account. | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.967942 | 43,660 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-20 | |||
f) | Place of the transaction | London Stock Exchange (XLON)
| |||
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name
| Ron van Kemenade
| |||
2 | Reason for the notification
| ||||
a) | Position/status
| Group Chief Operating Officer
| |||
b) | Initial notification / Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a) | Name
| Lloyds Banking Group plc | |||
b) | LEI
| 549300PPXHEU2JF0AM85
| |||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of 10p each
GB0008706128 | |||
b) | Nature of the transaction
| Acquisition of Shares following the exercise of share awards on a net of income tax and national insurance contributions (NICs) basis | |||
c) | Price(s) and volume(s) | ||||
Price(s)
| Volume(s) | ||||
GBP00.0000 | 99,631 | ||||
d) | Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| |||
e) | Date of the transaction
| 2026-05-21 | |||
f) | Place of the transaction | Outside a trading venue
| |||
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