Sign In
Last checked at 
14 May 2026 14:00
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 RelationsClaire KaneDirector of Investor Relations+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
Follow the stocks
