Business Context and Reporting Period
This Form 6-K filing by Shell plc, dated March 8, 2022, discloses transactions by Persons Discharging Managerial Responsibilities (PDMRs) in accordance with the EU and UK Market Abuse Regimes. The report details the vesting of conditional awards granted in 2019 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. The document focuses exclusively on equity compensation events.
| PDMR Name | Position | Shares/ADS Vested | Transaction Date | Price |
|---|---|---|---|---|
| Ben van Beurden | Chief Executive Officer | 113,445 | March 3, 2022 | NIL |
| Jessica Uhl | Chief Financial Officer | 29,134 (ADS) | March 3, 2022 | NIL |
| Harry Brekelmans | Projects and Technology Director | 32,059 | March 3, 2022 | NIL |
| Ronan Cassidy | Chief Human Resources & Corporate Officer | 27,446 | March 3, 2022 | NIL |
| Donny Ching | Legal Director | 23,899 | March 3, 2022 | NIL |
| Ed Daniels | Strategy, Sustainability and Corporate Relations Director | 13,139 | March 3, 2022 | NIL |
| Wael Sawan | Integrated Gas, Renewables and Energy Solutions Director | 27,396 | March 3, 2022 | NIL |
| Huibert Vigeveno | Downstream Director | 13,115 | March 3, 2022 | NIL |
| Zoe Yujnovich | Upstream Director | 13,115 | March 3, 2022 | NIL |
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 scheduled vesting of equity awards.
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 at a price of NIL, consistent with the vesting of non-traded incentive awards.
Key Facts for Investor Verification
- Transaction Nature: All reported transactions represent the vesting of LTIP awards granted in 2019, not open market purchases or sales.
- Cost Basis: The price for all vested shares is listed as NIL, indicating no cash outlay by the executives for these specific shares at the time of vesting.
- Regulatory Compliance: The disclosure satisfies Article 19 of the EU Market Abuse Regulation and UK Market Abuse Regime requirements.
- Share Class: Most executives received Ordinary Shares (SHELL), while the CFO received American Depository Shares (SHEL ADS).