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10 Jun 2025 16:15
10 June 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 deferred awards over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) vested on 9 June 2025, under the NatWest Group plc 2024 Employee Share Plan (the Plan), to the PDMRs set out below. The awards were granted under the Plan on 7 March 2025.
The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by each PDMR are set out below.
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 | 50,812 | 25,445 | 25,367 |
Angela Byrne | Interim CEO, Retail Banking | 24,536 | 11,550 | 12,986 |
Emma Crystal | CEO, Coutts and Wealth Businesses | 44,305 | 20,855 | 23,450 |
Keiran Foad |
Group Chief Risk Officer
| 57,339 | 26,990 | 30,349 |
Scott Marcar |
Group Chief Information Officer
| 65,761 | 30,955 | 34,806 |
Katie Murray | Group Chief Financial Officer | 65,375 | 30,773 | 34,602 |
Paul Thwaite
| Group Chief Executive Officer | 97,215 | 45,760 | 51,455 |
Jen Tippin |
Group Chief Operating Officer
| 65,701 | 30,926 | 34,775 |
The market price used to meet associated tax liabilities was £5.2605.
Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period.
2. The Company announces that the PDMR set out below has 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 | 100,000 | £5.2106 | 10 June 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 RelationsClaire KaneDirector of Investor Relations+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
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