Shell's President of Upstream, Peter Costello, executed significant share disposals on August 28, 2026, selling 31,786 ordinary shares in London for £33.41 each, totaling £1,061,970.26. Concurrently, he sold 3,214 ordinary shares in Amsterdam at €39.115 each, amounting to €125,715.61. These transactions represent a substantial sell-off by a high-ranking executive, suggesting he took advantage of a perceived valuation increase in Shell's stock.
This recent disposal follows Costello's acquisition of 3,060 Shell ordinary shares on February 26, 2026, as part of his annual bonus, at a price of £30.11 per share. The shares received as part of the bonus package are subject to a three-year holding period, which continues even if the executive leaves employment. This indicates a strategic move to realize gains from his earlier share acquisition after a period of appreciation.
Other Shell executives also received bonus shares around the same time in February 2026. CEO Wael Sawan acquired the largest grant with 23,980 shares at £30.11 each, valued at £722,037.80. CFO Sinead Gorman received 15,841 shares at the same price. These bonus share deliveries occurred outside a traditional trading venue. Meanwhile, Shell has also been actively engaged in share buy-back programs, repurchasing between 1.0 million and 1.6 million shares daily across UK and European venues in the week leading up to the February bonus announcements, aimed at returning capital to shareholders.
