Shell plc CEO Wael Sawan acquires dividend shares under bonus plans
- Shell plc CEO Wael Sawan acquired over 4,200 ordinary shares across Amsterdam and London exchanges
- Transactions involved dividend shares from previous annual bonuses and employee share plans
- Other PDMRs including CFO Sinead Gorman and President Peter Costello also executed acquisitions
- Deal values ranged from €0.21 to €93,356.24 depending on volume and exchange location

*this image is generated using AI for illustrative purposes only.
Shell plc announced that several Persons Discharging Managerial Responsibilities (PDMRs) acquired dividend shares on September 24, 2026. The transactions involved shares previously delivered under annual bonus arrangements or vested under employee share plans held in Share Plan Accounts.
Chief Executive Officer Wael Sawan acquired 2,211.85048 ordinary shares in Amsterdam at a price of €42.2073, totaling €93,356.24. He also acquired 2,001.51133 ordinary shares in London at £36.17998, totaling £72,414.64.
Executive transaction details
Other senior executives also participated in the dividend share acquisition. Chief Financial Officer Sinead Gorman acquired 2,417.41860 ordinary shares in London for a total of £87,462.16. President, Upstream Peter Costello acquired 25.63528 ordinary shares in Amsterdam (€1,082.00) and 1,074.45175 ordinary shares in London (£38,873.64).
President, Integrated Gas Cederic Cremers acquired 403.99964 ordinary shares in Amsterdam for €17,051.73. President, Downstream, Renewables and Energy Solutions Machteld de Haan acquired 435.12124 ordinary shares in Amsterdam (€18,365.29) and 18.37605 American Depositary Shares in New York for $1,769.98.
President, Trading and Supply Andrew Smith acquired 645.62164 ordinary shares in Amsterdam for €27,249.95. Chief Human Resources and Corporate Officer Rachel Solway acquired 124.66164 ordinary shares in London for £4,510.26. Chief Legal Officer Philippa Bounds acquired 0.00491 ordinary shares in Amsterdam (€0.21) and 212.96999 ordinary shares in London (£7,705.25).
| PDMR | Role | Location | Volume | Currency | Total Value |
|---|---|---|---|---|---|
| Wael Sawan | CEO | Amsterdam | 2,211.85048 | EUR | €93,356.24 |
| Wael Sawan | CEO | London | 2,001.51133 | GBP | £72,414.64 |
| Sinead Gorman | CFO | London | 2,417.41860 | GBP | £87,462.16 |
| Philippa Bounds | Chief Legal Officer | Amsterdam | 0.00491 | EUR | €0.21 |
| Philippa Bounds | Chief Legal Officer | London | 212.96999 | GBP | £7,705.25 |
| Peter Costello | President, Upstream | Amsterdam | 25.63528 | EUR | €1,082.00 |
| Peter Costello | President, Upstream | London | 1,074.45175 | GBP | £38,873.64 |
| Cederic Cremers | President, Integrated Gas | Amsterdam | 403.99964 | EUR | €17,051.73 |
| Machteld de Haan | President, Downstream | Amsterdam | 435.12124 | EUR | €18,365.29 |
| Machteld de Haan | President, Downstream | New York | 18.37605 | USD | $1,769.98 |
| Andrew Smith | President, Trading | Amsterdam | 645.62164 | EUR | €27,249.95 |
| Rachel Solway | CHRO | London | 124.66164 | GBP | £4,510.26 |
How will the reinvestment of dividend shares by Shell's executive leadership influence market sentiment regarding the sustainability of the company's current dividend policy?
What does the disparity in share acquisition volumes between the CEO and other PDMRs suggest about internal confidence levels across different business segments?
Could this pattern of insider share accumulation signal a strategic shift in Shell's capital allocation priorities ahead of its next quarterly earnings report?

































