Shell grants 537,795 performance shares to nine executives; CEO rules out near-term asset buys
Shell granted 537,795 conditional performance shares to nine senior executives under its 2023 Share Plan, with awards ranging from 35,338 to 165,975 shares valued up to £4.6 million each. CEO Wael Sawan said the company does not need to buy additional assets soon to hit its 2030 targets.
1. Executive Performance Awards
Shell granted conditional awards totaling 537,795 ordinary shares under its 2023 Share Plan to nine senior executives. Awards per executive ranged from 35,338 to 165,975 shares, with London awards priced at £27.745 and Amsterdam awards at €32.09, subject to performance conditions set by the Remuneration Committee.
2. CEO Asset Acquisition Stance
CEO Wael Sawan stated on February 10 that Shell does not need to acquire additional assets in the near term to meet its 2030 targets, underscoring confidence in the existing asset base and a focus on organic growth.