7th Feb 2011 17:43
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILTIES ("PDMRs") AND CONNECTED PERSONS
Notification relating to a transaction notified in accordance with: DR 3.1.4 R (1)(a)
Date of Notification: 07 February 2011
Today's date: 07 February 2011
Name of Issuer: Royal Dutch Shell plc ("RDS")
Date of transaction: 04 February 2011
Name of Directors / PDMRs:
Directors and PDMRs who have interests in employee share plans (names listed below)
Nature of the transaction:
1. Confirmation of the number of RDS shares deferred under the Deferred Bonus
Plan (DBP) representing a percentage of their annual bonus that will be
disclosed for performance year 2010.
2. The award of conditional shares of RDS under the Long-Term Incentive Plan
(LTIP).
3. The award of conditional shares of RDS under the Restricted Share Plan
(RSP).
Consideration for the transaction:
1. Percentage of cash value of the annual bonus awards for performance year
2010 that is to be converted into shares (DBP)
Peter Voser 50% of bonus € 1,875,000
Malcolm Brinded 50% of bonus € 1,151,000
Simon Henry 50% of bonus € 768,500
Matthias Bichsel 50% of bonus SFr. 780,000
Hugh Mitchell 50% of bonus £ 355,000
Marvin Odum 25% of bonus $ 380,750
Mark Williams 50% of bonus $ 725,000
2. No consideration (LTIP). 3. No consideration (RSP). Classes of security:
Royal Dutch Shell Class A - ordinary shares ("RDSA")
Royal Dutch Shell Class B - ordinary shares ("RDSB")
Royal Dutch Shell Class A - ADS ("RDS.A")
Directors1) DBPPeter Voser 73,457 RDSAMalcolm Brinded 45,289 RDSBSimon Henry 30,238 RDSB2) LTIPPeter Voser 182,174 RDSAMalcolm Brinded 110,961 RDSBSimon Henry 84,047 RDSBPDMRs 1. DBP: Matthias Bichsel 23,676 RDSAHugh Mitchell 16,550 RDSBMarvin Odum 5,464 RDS.AMark Williams 10,404 RDS.A 2. LTIP: Matthias Bichsel 40,000 RDSAHugh Mitchell 35,000 RDSBMarvin Odum 29,000 RDS.AMark Williams 28,000 RDS.APeter Rees 40,000 RDSB 3. RSP: Peter Rees 23,310 RDSBNoteDeferred Bonus Plan ("DBP")
The DBP requires that Executive Directors and Persons Discharging Managerial Responsibility invest no less than 25% of their annual bonus in deferred bonus shares. They may choose to invest up to 50% in such shares and the Plan provides for dividends in the form of shares ("dividend shares") to be accrued on the deferred bonus shares. For the purposes of disclosure and maintenance of certain statutory records, the number of shares does not include any performance-related matching shares that may be earned in accordance with the plan rules applicable to each award, the number of such performance related matching shares being unknown until the performance criteria are assessed at the end of the performance period. Further details of the DBP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2009.
Long Term Incentive Plan ("LTIP")
The LTIP is a performance based share plan under which Directors and Persons Discharging Managerial Responsibility receive a conditional award of shares ("performance shares"). The actual number of performance shares which Directors and Persons Discharging Managerial Responsibility could finally receive under the plan ranges from nil to two times the conditional award, subject to the performance of the Company over a period of at least three years. For the purposes of disclosure and maintenance of certain statutory records, the number of performance shares is taken to be one times the number of performance shares conditionally awarded. Performance shares attract dividends in the form of shares ("dividend shares") and, whilst Directors and Persons Discharging Managerial Responsibility could finally receive dividend shares based on two times the conditional award, such dividend shares are disclosed and recorded on the basis of the number of shares conditionally awarded. Further details of the LTIP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2009.
Restricted Share Plan ("RSP")
The RSP is a share plan under which certain employees and Directors may receive a conditional award of shares. The shares vest three years after the award date subject to the employee or the Director being employed by a Shell Group company at that time. The participation of Directors in this plan was approved at the Annual General Meeting of Royal Dutch Shell plc on 20 May 2008. The conditional shares awarded under the RSP attract dividends in the form of shares ("dividend shares") during the vesting period. Further details of the RSP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2009.
Mark EdwardsDeputy Company SecretaryRoyal Dutch Shell plc
+44 (0)20 7934 2817
vendorRelated Shares:
RDSA.LRDSB.L