Business Context and Reporting Period
This Form 6-K filing by Royal Dutch Shell plc, dated December 20, 2016, serves as a notification to the SEC regarding transactions by Persons Discharging Managerial Responsibilities (PDMRs). The filing discloses compliance with Article 19 of the EU Market Abuse Regulation following the payment of the interim dividend for the third quarter of 2016 on December 16, 2016.
Key Financial Metrics
The filing does not provide corporate financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the acquisition of notional dividend shares by senior executives under specific compensation plans.
| Executive | Position | Share Class | Shares Acquired | Price per Share | Total Value |
|---|---|---|---|---|---|
| Ben van Beurden | CEO | RDSA (EUR) | 14,084.43 | EUR 25.94 | EUR 365,350.11 |
| Simon Henry | CFO | RDSB (GBP) | 7,812.65 | GBP 22.89 | GBP 178,831.56 |
| John Abbott | Downstream Director | RDSB (GBP) | 3,830.73 | GBP 22.89 | GBP 87,685.41 |
| Harry Brekelmans | Projects & Technology Director | RDSA (EUR) | 3,218.45 | EUR 25.94 | EUR 83,486.59 |
| Andrew Brown | Upstream Director | RDSB (GBP) | 3,723.65 | GBP 22.89 | GBP 85,234.35 |
| Ronan Cassidy | CHRO & Corporate Officer | RDSB (GBP) | 1,411.79 | GBP 22.89 | GBP 32,315.87 |
| Donny Ching | Legal Director | RDSA (EUR) | 2,604.19 | EUR 25.94 | EUR 67,552.69 |
| Maarten Wetselaar | Integrated Gas & New Energies Director | RDSA (EUR) | 1,931.57 | EUR 25.94 | EUR 50,104.93 |
Material Changes
The filing does not report material changes to the company's financial position or operations compared to prior periods. It solely documents the routine acquisition of notional dividend shares by PDMRs under the Long-term Incentive Plan (LTIP), Deferred Bonus Plan (DBP), and Performance Share Plan (PSP).
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are disclosed in this document, other than the regulatory requirement to disclose insider transactions under the EU Market Abuse Regulation.
Investor Verification Checklist
- Verify the interim dividend payment date of December 16, 2016, for the third quarter of 2016.
- Confirm the share prices used for notional acquisitions: EUR 25.94 for RDSA and GBP 22.89 for RDSB.
- Review the Annual Report and Form 20-F ended December 31, 2015, for detailed terms of the LTIP, DBP, and PSP plans.
- Note that all transactions occurred "Outside a trading venue" on December 16, 2016.