NatWest Group plc Director/PDMR Shareholding (1485C)

TIDMNWG

RNS Number : 1485C

NatWest Group plc

08 June 2023

8 June 2023

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION

NatWest Group plc (the Company) announces that deferred awards (Deferred Awards) over ordinary shares of GBP1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71 ) vested on 7 June 2023, under the NatWest Group plc 2014 Employee Share Plan (the Plan), to the PDMRs set out below. The awards were granted under the Plan on 7 March 2023.

The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below.

 
    Name of PDMR             Position of         No. of Shares   No. of Shares        No. of 
                                 PDMR                vested         withheld       vested Shares 
                                                                   to satisfy        retained 
                                                                   associated 
                                                                  tax liability 
 
                             CEO, NatWest 
     Robert Begbie              Markets             65,810           32,296           33,514 
                      ------------------------  --------------  ---------------  --------------- 
 
                              CEO, Wealth 
    Peter Flavel              Businesses            52,858           24,881           27,977 
                      ------------------------  --------------  ---------------  --------------- 
 Oliver Holbourn(1)    CEO, RBS International       58,320             -              58,320 
                      ------------------------  --------------  ---------------  --------------- 
                             CEO, Retail 
   David Lindberg              Banking              85,642           40,313           45,329 
                      ------------------------  --------------  ---------------  --------------- 
 
                              Group Chief 
                              Information 
    Scott Marcar                Officer             98,929           46,567           52,362 
                      ------------------------  --------------  ---------------  --------------- 
 
                            CEO, Commercial 
                            & Institutional 
                           (non-ring-fenced 
  Andrew McLaughlin              bank)              54,196           24,425           29,771 
                      ------------------------  --------------  ---------------  --------------- 
                             Group Chief 
    Katie Murray          Financial Officer         73,596           34,643           38,953 
                      ------------------------  --------------  ---------------  --------------- 
 
                              Group Chief 
      Alison Rose          Executive Officer        113,820          53,576           60,244 
                      ------------------------  --------------  ---------------  --------------- 
                           CEO, Commercial 
                           & Institutional 
       John-Paul             (ring-fenced 
        Thwaite                 bank)               63,764           30,015           33,749 
                      ------------------------  --------------  ---------------  --------------- 
 
                             Chief People 
                           & Transformation 
      Jen Tippin                Officer             101,720          47,881           53,839 
                      ------------------------  --------------  ---------------  --------------- 
    1. The award was granted when the PDMR was resident in 
     Jersey and therefore is taxable in Jersey only and not 
     in the UK. No employer tax withholding is required under 
     Jersey law. The Jersey income tax payable in respect of 
     the vesting of the award will be paid by the PDMR directly 
     to the Jersey tax authority.

* Note: the nominal value of ordinary shares without rounding is GBP1.076923076923077 per share

   The market price used to   meet associated tax liabilities   was GBP2.5972.

Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period.

All of the above transactions took place on the London Stock Exchange (XLON).

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

NatWest Group Investor Relations

Alexander Holcroft

Head of Investor Relations

+44 20 7672 1758

NatWest Group Media Relations

+44(0)131 523 4205

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