Business Context and Reporting Period
This Form 6-K filing by Royal Dutch Shell plc, dated March 9, 2021, discloses transactions by Persons Discharging Managerial Responsibilities (PDMRs) under the EU and UK Market Abuse Regime. The filing details conditional awards of performance shares granted on March 5, 2021, under the company's Long Term Incentive Plan (LTIP).
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on executive compensation transactions.
| Executive | Position | Shares Awarded | Share Price | Total Value |
|---|---|---|---|---|
| Ben van Beurden | CEO | 231,679 | EUR 18.13 | EUR 4,200,340.27 |
| Jessica Uhl | CFO | 69,972 | USD 43.85 | USD 3,068,272.20 |
| Harry Brekelmans | Projects & Technology Director | 77,000 | EUR 18.13 | EUR 1,396,010.00 |
| Ronan Cassidy | CHRO & Corporate Officer | 65,800 | GBP 14.88 | GBP 979,104.00 |
| Donny Ching | Legal Director | 57,400 | EUR 18.13 | EUR 1,040,662.00 |
| Wael Sawan | Upstream Director | 98,000 | EUR 18.13 | EUR 1,776,740.00 |
| Huibert Vigeveno | Downstream Director | 77,000 | EUR 18.13 | EUR 1,396,010.00 |
| Maarten Wetselaar | Integrated Gas and New Energies Director | 77,000 | EUR 18.13 | EUR 1,396,010.00 |
Material Changes
The filing does not contain comparative financial data or material changes to the company's operational performance versus prior periods. It serves as a regulatory notification of specific equity awards.
Guidance, Outlook, and Risks
The filing states that the awards are subject to performance conditions determined by the Remuneration Committee and its discretion. No specific guidance, outlook, or risk factors regarding the company's business operations are disclosed in this document.
Investor Verification Points
- Verify the specific performance conditions attached to the LTIP awards, as these determine vesting eligibility.
- Confirm the share price used for valuation (EUR 18.13, USD 43.85, GBP 14.88) against market prices on March 5, 2021.
- Note that these are conditional awards, not immediate cash compensation or vested equity.
- Review the Remuneration Committee's discretion clauses for potential adjustments to the awards.