NatWest Group Reports PDMR Transactions

TL;DR

NatWest execs are trading shares, filing shows.

AI Summary

On November 11, 2025, NatWest Group plc filed a Form 6-K to report initial notifications of transactions by Persons Discharging Managerial Responsibility (PDMRs). This filing is made in accordance with Article 19 of the UK Market Abuse Regulation.

Why It Matters

This filing provides transparency into the trading activities of key executives within NatWest Group, which can be an indicator of management's confidence in the company's performance.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of insider transactions and does not indicate any immediate financial distress or significant operational changes.

Key Players & Entities

• NatWest Group plc (company) — Filer of the report
• Persons Discharging Managerial Responsibility (PDMRs) (person) — Individuals whose transactions are being reported
• Article 19 of the UK Market Abuse Regulation (regulation) — Regulation governing the disclosure of PDMR transactions

FAQ

Filing Documents

• a0568h.htm (6-K) — 51KB
• 0001654954-25-012825.txt ( ) — 52KB

From the Filing

SHAREHOLDING a0568h     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   November, 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.     Form 20-F ☒   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:     11 November 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 ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) were delivered to PDMRs on 7 November 2025 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 2025 and have been calculated using a Share price of £5.8640.   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 15,455 7,740 7,715 Solange Chamberlain CEO, Retail Banking 12,364 5,820 6,544 Emma Crystal CEO, Coutts and Wealth Businesses 11,725 5,520 6,205 Keiran Foad Group Chief Risk Officer 17,587 8,279 9,308 Scott Marcar Group Chief Information Officer 17,587 8,279 9,308 Katie Murray Group Chief Financial Officer 34,265   16,129 18,136   Paul Thwaite Group Chief Executive Officer 50,255 23,656 26,599     The market price used to determine the number of   Shares withheld to   meet associated tax liabilities   was £5.9980.   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 PDMRs set out below have sold Shares on the date and at the price indicated under, and in accordance with the terms of, the irrevocable Trading Plans entered into by the PDMRS, as announced on 01 September 2025:   Name of PDMR Position of PDMR No. of Shares sold   Sale price Date of transaction Katie Murray Group Chief Financial Officer 7,000 £6.0420 10/11/2025 Paul Thwaite Group Chief Executive Officer 8,000 £6.0420 10/11/2025     3.  The Company announces that the PDMRs set out below have 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 Robert Begbie CEO, NatWest Commercial & Institutional 19,000 £6.0700 10/11/2025 Scott Marcar Group Chief Information Officer 19,125 £6.0164 07/11/2025     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.             NatWest Group plc (Registrant)                               Date: 11 November 2025     By: /s/ Mark Stevens                         Name: Mark Stevens           Title: Assistant Secretary  

View Full Filing

View this 6-K filing on SEC EDGAR