Business Context and Reporting Period
This Form 6-K filing by Royal Dutch Shell plc, dated March 27, 2019, serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs). The report discloses the acquisition of notional dividend shares under the Long-term Incentive Plan (LTIP) and Deferred Bonus Plan (DBP) following the payment of the interim dividend for the fourth quarter of 2018 on March 25, 2019.
Key Financial Metrics
The filing does not contain consolidated financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the company. It exclusively details specific share transactions by executive management.
| PDMR Name | Position | Share Type | Volume Acquired | Price per Share | Total Value |
|---|---|---|---|---|---|
| Ben van Beurden | CEO | RDSA (EUR) | 10,168.27 | 27.76 | 282,271.18 |
| Jessica Uhl | CFO | RDS.A (USD) | 2,455.32 | 62.79 | 154,169.54 |
| John Abbott | Downstream Director | RDSB (GBP) | 2,852.09 | 23.90 | 68,164.95 |
| Harry Brekelmans | Projects & Technology Director | RDSA (EUR) | 2,832.53 | 27.76 | 78,631.03 |
| Andrew Brown | Upstream Director | RDSB (GBP) | 2,863.28 | 23.90 | 68,432.39 |
| Ronan Cassidy | CHRO & Corporate Officer | RDSB (GBP) | 2,377.88 | 23.90 | 56,831.33 |
| Donny Ching | Legal Director | RDSA (EUR) | 2,139.26 | 27.76 | 59,385.86 |
| Maarten Wetselaar | Integrated Gas & New Energies Director | RDSA (EUR) | 2,851.30 | 27.76 | 79,152.09 |
Material Changes
The filing does not report material changes to the company's financial position, operations, or strategy compared to prior periods. It strictly documents the routine accumulation of notional shares by executives as part of their compensation plans.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The transactions were executed outside a trading venue in accordance with Article 19 of the EU Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of notional shares acquired by the CEO and CFO under the LTIP and DBP.
- Confirm the share prices used for the notional acquisitions (EUR 27.76, USD 62.79, GBP 23.90) align with market prices on March 25, 2019.
- Review the Annual Report and Form 20-F ended December 31, 2018, for full details on the LTIP and DBP structures referenced in this filing.
- Note that these transactions represent notional dividend shares, not open market purchases of new equity.