Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
10 Marzo 2025 - 5:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
March, 2025
Commission File Number 001-10306
NatWest Group plc
250 Bishopsgate,
London, EC2M 4AA
United Kingdom
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
The
following information was issued as Company announcements in
London, England and is furnished pursuant to General Instruction B
to the General Instructions to Form 6-K:
10 March 2025
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 conditional restricted share
plan awards (RSP) and deferred awards (Deferred Awards) over
ordinary shares of £1.0769* each in the Company (Shares)
(ISIN: GB00BM8PJY71)
have been granted on 7 March 2025 under the NatWest
Group plc 2024 Employee Share Plan (the Plan) to
the PDMRs set out below:
|
Name of PDMR
|
Position of PDMR
|
Award
|
Maximum no. of
Shares eligible to vest
|
|
Robert
Begbie
|
CEO, NatWest Commercial & Institutional
|
RSP
|
278,153
|
|
Deferred Award2
|
50,812
|
|
Angela
Byrne
|
Interim CEO, Retail Banking
|
Deferred Award1
|
41,094
|
|
Emma
Crystal
|
CEO, Coutts and Wealth Businesses
|
RSP
|
217,489
|
|
Deferred Award2
|
44,305
|
|
Keiran
Foad
|
Group Chief Risk Officer
|
RSP
|
326,234
|
|
Deferred Award2
|
57,339
|
|
Scott
Marcar
|
Group
Chief Information Officer
|
RSP
|
326,234
|
|
Deferred Award2
|
65,761
|
|
Katie
Murray
|
Group Chief Financial Officer
|
RSP
|
311,583
|
|
Deferred Award2
|
65,375
|
|
Paul
Thwaite
|
Group Chief Executive Officer
|
RSP
|
451,682
|
|
Deferred Award2
|
97,215
|
|
Jen
Tippin
|
Group Chief Operating Officer
|
RSP
|
326,234
|
|
Deferred Award2
|
65,701
|
|
The prices per Share used on the grant of the above awards were
Deferred Awards1 £4.2431, Deferred
Awards2 £4.5783 and RSP
£3.7933. The prices
are discounted to reflect the absence of dividend
equivalents during the vesting period.
|
A
pre-vest performance assessment will take place for the RSP at the
end of three years. Subject to this, the RSP will be eligible to
vest between 2028 and 2032. Deferred Awards will be eligible
to vest between 2025 and 2030.
Malus provisions will apply to each award up until
vesting and clawback provisions will apply for a period of seven
years from the date of grant. Such period can be extended to
ten years in certain circumstances. Vested Shares retained after
payment of associated tax liabilities will be subject to a
twelve-month retention period.
2. The
Company announces that long term incentive awards (LTI), Deferred
Awards and Buy-out Awards over Shares vested on 7 March 2025 to the
PDMRs set out below. The awards were granted
under the
Plan between March
2019 and August 2024. 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 PDMR
|
Award
|
No. of Shares vested
|
No. of Shares withheld to satisfy associated tax
liability
|
No. of vested Shares retained
|
|
Robert
Begbie
|
CEO,
NatWest Commercial & Institutional
|
LTI
|
149,999
|
75,113
|
74,886
|
|
Deferred
Award
|
38,942
|
19,501
|
19,441
|
|
Angela
Byrne
|
Interim CEO, Retail Banking
|
Deferred Award
|
15,747
|
7,413
|
8,334
|
|
Emma
Crystal1
|
CEO, Coutts and Wealth Businesses
|
Buy-out Award
|
41,909
|
19,727
|
22,182
|
|
Keiran
Foad1
|
Group
Chief Risk Officer
|
Buy-out Award
|
100,196
|
47,163
|
53,033
|
|
Scott
Marcar1
|
Group
Chief Information Officer
|
Buy-out Award
|
130,451
|
61,405
|
69,046
|
|
Katie
Murray
|
Group
Chief Financial Officer
|
LTI
|
326,943
|
153,895
|
173,048
|
|
Deferred
Award
|
41,790
|
19,671
|
22,119
|
|
Paul
Thwaite
|
Group Chief Executive Officer
|
LTI
|
130,230
|
61,301
|
68,929
|
|
Deferred
Award
|
30,123
|
14,180
|
15,943
|
|
Jen
Tippin1
|
Group Chief Operating Officer
|
LTI
|
144,576
|
68,053
|
76,523
|
|
Deferred
Award
|
97,743
|
46,009
|
51,734
|
|
Buy-out
Award
|
159,985
|
75,306
|
84,679
|
|
1. Vested
Shares retained after payment of associated tax liabilities will be
subject to retention periods which mirror the retention periods
applicable to the PDMR's awards granted by their previous
employer.
|
The market price used to meet
associated tax liabilities was
£4.5761.
Vested Shares
retained after payment of associated tax liabilities will be
subject to retention periods of twelve months, unless otherwise
indicated in the table above.
3. The
Company announces that Shares were delivered to PDMRs on 7 March
2025, as set out below. The Shares delivered represent payment of a
fixed share allowance for the three-month period ending 31 March
2025 and have been calculated using a share price of
£4.7284.
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 delivered
|
No. of Shares withheld to satisfy associated tax
liability
|
No. of Shares retained
|
|
Robert
Begbie
|
CEO, NatWest Commercial & Institutional
|
19,167
|
9,598
|
9,569
|
|
Emma Crystal
|
CEO, Coutts and Wealth Businesses
|
14,540
|
6,844
|
7,696
|
|
Keiran
Foad
|
Group Chief Risk Officer
|
21,810
|
10,266
|
11,544
|
|
Scott
Marcar
|
Group
Chief Information Officer
|
21,810
|
10,266
|
11,544
|
|
Katie
Murray
|
Group Chief Financial Officer
|
41,661
|
19,610
|
22,051
|
|
Paul
Thwaite
|
Group Chief Executive Officer
|
61,103
|
28,761
|
32,342
|
|
Jen
Tippin
|
Group
Chief Operating Officer
|
21,810
|
10,266
|
11,544
|
The market price used to determine the number
of Shares
withheld to meet
associated tax liabilities was
£4.5761. 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.
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
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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NatWest Group plc
(Registrant)
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Date:
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10
March 2025
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By:
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/s/
Mark Stevens
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Name:
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Mark
Stevens
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Title:
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Assistant
Secretary
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Grafico Azioni NatWest (NYSE:NWG)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni NatWest (NYSE:NWG)
Storico
Da Mar 2024 a Mar 2025
