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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
May, 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.
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Form 20-F ☒
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Form 40-F ☐
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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:
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15 May 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 Sharing in Success awards (SiS), over
ordinary shares of £1.0769* each in the Company (Shares)
(ISIN: GB00BM8PJY71)
were granted on 14 May 2025 under the NatWest
Group plc 2024 Employee Share Plan (the Plan) and immediately
vested. The market price per Share used on the grant of the above
awards was £4.8336.
The
number of Shares vested, the number of Shares withheld to meet
associated tax liabilities and the number of Shares retained by
each PDMR is as follows:
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Name of PDMR
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Position of PDMR
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Award
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No. of Shares vested
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No. of Shares withheld to satisfy associated tax
liability
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No. of vested Shares retained
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Robert
Begbie
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CEO,
NatWest Commercial & Institutional
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SiS
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264
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133
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131
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Angela
Byrne
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Interim CEO, Retail Banking
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SiS
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264
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125
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139
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Emma
Crystal
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CEO, Coutts and Wealth Businesses
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SiS
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264
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125
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139
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Keiran
Foad
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Group
Chief Risk Officer
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SiS
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264
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125
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139
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Scott
Marcar
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Group
Chief Information Officer
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SiS
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264
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125
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139
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Katie
Murray
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Group Chief Financial Officer
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SiS
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264
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125
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139
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Paul
Thwaite
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Group Chief Executive Officer
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SiS
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264
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125
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139
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Jen
Tippin
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Group
Chief Operating Officer
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SiS
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264
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125
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139
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The market price used to meet
associated tax liabilities was
£4.8960.
Clawback
provisions will apply for a period of seven years from the date of
grant, extended to ten years, for relevant PDMRs, if events are
under investigation at the end of the seven year
period.
Vested Shares retained after payment of associated
tax liabilities will be subject to a twelve-month retention
period.
2.
The Company announces that Shares were
delivered to PDMRs on 14 May 2025, as set out below. The Shares
delivered represent payment of a fixed share allowance for the
three-month period ending 30 June 2025 and have been calculated
using a share price of £4.8336.
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:
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Name
of PDMR
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Position of PDMR
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No. of Shares delivered
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No. of Shares withheld to satisfy associated tax
liability
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No. of Shares retained
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Robert
Begbie
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CEO,
NatWest Commercial & Institutional
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18,749
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9,389
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9,360
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Emma Crystal
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CEO, Coutts and Wealth Businesses
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14,224
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6,696
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7,528
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Keiran
Foad
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Group Chief Risk Officer
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21,336
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10,043
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11,293
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Scott
Marcar
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Group
Chief Information Officer
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21,336
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10,043
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11,293
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Katie
Murray
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Group Chief Financial Officer
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41,569
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19,567
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22,002
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Paul
Thwaite
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Group Chief Executive Officer
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60,968
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28,699
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32,269
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Jen
Tippin
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Group Chief Operating Officer
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21,336
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10,043
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11,293
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The market price used to determine the number
of Shares
withheld to meet
associated tax liabilities was
£4.8960. 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.
3.
The Company announces that the PDMR set out below has sold Shares
on the date and at the price indicated:
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Name of PDMR
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Position of PDMR
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No. of Shares sold
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Sale price
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Date of transaction
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Jen
Tippin
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Group Chief Operating Officer
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100,000
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£4.8843
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13 May
2025
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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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15 May
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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