Director/PDMR Shareholding

Lloyds Banking

22/05/2026 14:00

RNS Number : 4850F

Lloyds Banking Group PLC

22 May 2026

 

22 May 2026

LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')

This announcement should be read in conjunction with the disclosures in the 2025 Annual Report and Accounts published on 13 February 2026. The 2025 Annual Report and Accounts is available on the 'Financial downloads' page in the 'Investors' section of the Group's website www.lloydsbankinggroup.com.

 

Long Term Incentive Plan ('LTIP') awards

On 21 May 2026, LTIP awards were made under the rules of the Group's Long Term Incentive Plan to the PDMRs listed in the table below.

 

Executive Directors

In line with the disclosure in the 2025 Annual Report and Accounts, LTIP awards to Executive Directors, Charlie Nunn and William Chalmers, were granted following approval of the new Directors' Remuneration Policy at the Group's 2026 Annual General Meeting on 14 May 2026.

 

These awards have been made by reference to the same grant date, grant price and performance measures as those used for the Group's other LTIP participants in March 2026, as previously disclosed on 5 March 2026.

 

The awards for Charlie Nunn and William Chalmers will vest in two tranches: 75% after three years, subject to a two-year post-vesting holding period, and 25% after four years, subject to a one-year post-vesting holding period.

 

Newly appointed PDMRs

On 21 May 2026, LTIP awards were also granted to newly appointed PDMRs, Amanda Murphy and John Langley, who joined the Group during 2026.

 

These awards have been made by reference to the same grant date, grant price and performance measures as those used for the Group's other LTIP participants in March 2026.

 

These awards will vest in two tranches: 75% after three years and 25% after four years with no holding period.

Name
Shares
Charlie Nunn
William Chalmers
6,685,044
3,837,506
John Langley
2,430,251
Amanda Murphy
1,458,151

 

Dividend Reinvestment Plan Share Acquisitions

Described below are the details of the number of Shares acquired by PDMRs through the reinvestment of the final dividend in respect of the year ended 31 December 2025 paid by the Group on 19 May 2026.

Name
Shares
Kate Cheetham
1,082
Sharon Doherty
35
Stephen Shelley
2,037
Jasjyot Singh
43,758

 

Exercise of optionS to acquire Shares

Ron van Kemenade acquired 99,631 Shares following the exercise of share buyout awards (for nil consideration) on 21 May 2026. The number of Shares acquired is after the settlement of income tax and national insurance contributions. The Shares are subject to a holding period, in line with the period applicable to the awards from his previous employer which were bought out.

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Charlie Nunn
2
Reason for the notification
a)
Position/status
Group Chief Executive
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Award of Shares under Long Term Incentive Plan - 2026 award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.0000
6,685,044
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-21
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
William Chalmers
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Award of Shares under Long Term Incentive Plan - 2026 award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.0000
3,837,506
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-21
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
John Langley
2
Reason for the notification
a)
Position/status
CEO, Corporate & Institutional Banking
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Award of Shares under Long Term Incentive Plan - 2026 award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.0000
2,430,251
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-21
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Amanda Murphy
2
Reason for the notification
a)
Position/status
CEO, Business & Commercial Banking
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Award of Shares under Long Term Incentive Plan - 2026 award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.0000
1,458,151
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-21
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Kate Cheetham
2
Reason for the notification
a)
Position/status
Chief Legal Officer and Company Secretary
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.9667
1,082
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-19
f)
Place of the transaction
London Stock Exchange (XLON)

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sharon Doherty
2
Reason for the notification
a)
Position/status
Chief People & Places Officer
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.9667
35
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-19
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stephen Shelley
2
Reason for the notification
a)
Position/status
Chief Risk Officer
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.9667
2,037
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-19
f)
Place of the transaction
London Stock Exchange (XLON)

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jasjyot Singh
2
Reason for the notification
a)
Position/status
CEO, Consumer Relationships
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in the Lloyds Banking Group plc Share Incentive Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.9667
98
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-19
f)
Place of the transaction
London Stock Exchange (XLON)
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Acquisition of Shares through the reinvestment of the final dividend for 2025 on Shares held in Global Nominee Account.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.967942
43,660
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-20
f)
Place of the transaction
London Stock Exchange (XLON)

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ron van Kemenade
2
Reason for the notification
a)
Position/status
Group Chief Operating Officer
b)
Initial notification / Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Lloyds Banking Group plc
b)
LEI
549300PPXHEU2JF0AM85
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 10p each
GB0008706128
b)
Nature of the transaction
Acquisition of Shares following the exercise of share awards on a net of income tax and national insurance contributions (NICs) basis
c)
Price(s) and volume(s)
Price(s)
Volume(s)
GBP00.0000
99,631
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2026-05-21
f)
Place of the transaction
Outside a trading venue

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
DSHBGGDULBDDGLD