Business Context and Reporting Period
This Form 6-K filing by Shell plc, dated February 7, 2023, discloses transactions by Persons Discharging Managerial Responsibilities (PDMRs) under the EU and UK Market Abuse Regimes. The report details conditional awards of performance shares granted on February 3, 2023, under the company's Long Term Incentive Plan (LTIP).
Key Financial Metrics
The filing does not provide financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. It focuses exclusively on executive compensation transactions.
| PDMR Name | Position | Shares Awarded | Currency | Price per Share | Total Value |
|---|---|---|---|---|---|
| Wael Sawan | Chief Executive Officer | 173,985 | GBP | 24.14 | 4,199,997.90 |
| Sinead Gorman | Chief Financial Officer | 103,458 | GBP | 24.14 | 2,497,476.12 |
| Harry Brekelmans | Projects & Technology Director | 65,018 | EUR | 26.90 | 1,748,984.20 |
| Ronan Cassidy | Chief Human Resources & Corporate Officer | 48,206 | GBP | 24.14 | 1,163,692.84 |
| Donny Ching | Legal Director | 52,150 | EUR | 26.90 | 1,402,835.00 |
| Ed Daniels | Strategy, Sustainability and Corporate Relations Director | 46,304 | GBP | 24.14 | 1,117,778.56 |
| Huibert Vigeveno | Downstream Director | 65,018 | EUR | 26.90 | 1,748,984.20 |
| Zoe Yujnovich | Upstream Director | 67,149 | EUR | 26.90 | 1,806,308.10 |
Material Changes
The filing does not contain comparative financial data or material changes to the company's operational or financial status versus prior periods. It serves solely as a regulatory notification of new equity awards.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The awards are subject to performance conditions determined by the Remuneration Committee and are conditional in nature. No specific risks or contingencies related to the company's 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 (GBP 24.14 and EUR 26.90) against market prices on February 3, 2023.
- Review the Remuneration Committee's discretion regarding the final number of shares that may vest.
- Note that these transactions occurred outside a trading venue as part of a compensation plan.