Shell PDMRs acquire dividend shares following interim payment
Shell plc disclosed that several Persons Discharging Managerial Responsibilities (PDMRs) acquired dividend shares on July 2, 2026, following the interim dividend payment for the first quarter of 2026. The transactions involved Ordinary Shares of €0.07 each and American Depositary Shares, held in Share Plan Accounts. The acquisitions were made in Amsterdam, London, and New York at prices ranging from EUR 33.9265 to USD 78.03 per share.

*this image is generated using AI for illustrative purposes only.
Shell plc disclosed that several Persons Discharging Managerial Responsibilities (PDMRs) acquired dividend shares on July 2, 2026, following the payment of the interim dividend on June 29, 2026, for the first quarter of 2026. The shares were acquired in respect of shares previously delivered under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. The transactions were conducted in Amsterdam, London, and New York, involving Ordinary Shares of €0.07 each and American Depositary Shares.
Transaction Details
The acquisitions included purchases by senior executives such as Wael Sawan, Chief Executive Officer, and Sinead Gorman, Chief Financial Officer. The transactions were executed at varying prices depending on the currency and location of the trade. For instance, shares acquired in Amsterdam were priced at EUR 33.9265, while those in London were priced at GBP 28.87677. American Depositary Shares traded in New York were priced at USD 78.03.
Summary of Acquisitions
| PDMR | Position | Date of Transaction | Share Type | Number of Shares Acquired | Purchase Price per Share | Place of Transaction |
|---|---|---|---|---|---|---|
| Wael Sawan | Chief Executive Officer | 02 July 2026 | Ordinary Shares of €0.07 each | 3,131.40275 | EUR 33.9265 | Amsterdam |
| Wael Sawan | Chief Executive Officer | 02 July 2026 | Ordinary Shares of €0.07 each | 2,504.94524 | GBP 28.87677 | London |
| Sinead Gorman | Chief Financial Officer | 02 July 2026 | Ordinary Shares of €0.07 each | 3,325.58192 | GBP 28.87677 | London |
| Philippa Bounds | Chief Legal Officer | 02 July 2026 | Ordinary Shares of €0.07 each | 0.00607 | EUR 33.9265 | Amsterdam |
| Philippa Bounds | Chief Legal Officer | 02 July 2026 | Ordinary Shares of €0.07 each | 346.31749 | GBP 28.87677 | London |
| Peter Costello | President, Upstream | 02 July 2026 | Ordinary Shares of €0.07 each | 31.71838 | EUR 33.9265 | Amsterdam |
| Peter Costello | President, Upstream | 02 July 2026 | Ordinary Shares of €0.07 each | 1,346.17166 | GBP 28.87677 | London |
| Cederic Cremers | President, Integrated Gas | 02 July 2026 | Ordinary Shares of €0.07 each | 499.8664 | EUR 33.9265 | Amsterdam |
| Machteld de Haan | President, Downstream, Renewables and Energy Solutions | 02 July 2026 | Ordinary Shares of €0.07 each | 538.37297 | EUR 33.9265 | Amsterdam |
| Machteld de Haan | President, Downstream, Renewables and Energy Solutions | 02 July 2026 | American Depositary Shares | 22.45849 | USD 78.03 | New York |
| Andrew Smith | President, Trading and Supply | 02 July 2026 | Ordinary Shares of €0.07 each | 798.82389 | EUR 33.9265 | Amsterdam |
| Rachel Solway | Chief Human Resources and Corporate Officer | 02 July 2026 | Ordinary Shares of €0.07 each | 154.76587 | GBP 28.87677 | London |
Regulatory Context
The notification was made in accordance with the requirements of the EU and UK Market Abuse Regimes. Shell plc provided the Legal Entity Identifier code as 21380068P1DRHMJ8KU70. Further details regarding the share plans can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2025.
How will the reinvestment of dividends by senior executives influence Shell's shareholder retention strategy?
What impact might these insider transactions have on investor confidence in Shell's leadership?
Could the geographic distribution of share acquisitions signal a shift in Shell's regional focus?






























