NatWest executives receive share awards and sell stock

Published 15/05/2025, 14:04
NatWest executives receive share awards and sell stock

LONDON - NatWest Group plc has disclosed transactions involving its key executives in accordance with market regulations. The company granted and immediately vested Sharing in Success (SiS) awards to its Persons Discharging Managerial Responsibility (PDMRs) on May 14, 2025, under the NatWest Group plc 2024 Employee Share Plan. The SiS awards were based on a share price of £4.8336.

The PDMRs, including the CEO of NatWest Commercial & Institutional, the Interim CEO of Retail Banking, and other high-ranking officials, received a fixed number of shares. Each executive was awarded 264 shares, of which a portion was withheld to cover associated tax liabilities, leaving them with a balance of shares retained.

Additionally, the company announced that shares were delivered to these PDMRs as part of a fixed share allowance for the three-month period ending June 30, 2025. The number of shares delivered and retained varied among the executives, with the Group Chief Financial Officer and the Group Chief Executive Officer receiving the largest allocations.

Furthermore, on May 13, 2025, Jen Tippin, the Group Chief Operating Officer, sold 100,000 shares on the London Stock Exchange (LON:LSEG) at a sale price of £4.8843.

The transactions are subject to clawback provisions, with a potential extension from seven to ten years in specific circumstances. Shares retained after tax liabilities will be subject to a twelve-month retention period or released in instalments over five years, depending on the nature of the award.

All transactions took place on the London Stock Exchange and are part of the company’s regular compensation and incentive structure for its executives. This information is based on a press release statement from NatWest Group plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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