8 November 2024
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION
1. NatWest Group plc (the Company) announces that ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 7 November 2024 under the NatWest Group 2024 Employee Share Plan (the Plan), as set out below.
The Shares delivered represent payment of a fixed share allowance for the three month period ending 31 December 2024 and have been calculated using a Share price of £3.7650.
The number of Shares delivered, the number of Shares withheld to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-
| Name of PDMR | Position of PDMR | No. of Shares vested | No. of Shares withheld to satisfy associated tax liability
| No. of vested Shares retained |
| Robert Begbie | CEO, NatWest Commercial & Institutional | 24,071 | 12,054 | 12,017 |
| *Emma Crystal | CEO, Coutts and Wealth Businesses | 18,261 | 8,596 | 9,665 |
| Keiran Foad | Group Chief Risk Officer | 27,391 | 12,894 | 14,497 |
| David Lindberg | CEO, Retail Banking | 24,071 | 11,331 | 12,740 |
| Scott Marcar | Group Chief Information Officer | 27,391 | 12,894 | 14,497 |
| Katie Murray | Group Chief Financial Officer | 52,321 | 24,628 | 27,693 |
| Paul Thwaite | Group Chief Executive Officer | 76,738 | 36,122 | 40,616 |
| Jen Tippin | Group Chief Operating Officer | 27,391 | 12,894 | 14,497 |
The market price used to determine the number of Shares withheld to meet associated tax liabilities was £3.8632 and where indicated *£3.8488. Shares retained after payment of associated tax liabilities will be held on behalf of PDMRs and will be released in instalments over a five year period.
2. The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:
| Name of PDMR | Position of PDMR | No. of Shares sold | Sale price |
Date of transaction |
| Scott Marcar | Group Chief Information Officer | 93,336 | 3.8329 | 7 November 2024 |
All of the above transactions took place on the London Stock Exchange (XLON).
* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:
NatWest Group Investor Relations
Claire Kane
Director of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
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