Welcome to our PSP information hub

What is PSP?

The Performance Share Plan (PSP) is a discretionary incentive plan that is awarded to certain employees.

Performance Shares are designed to retain key employees and ensure they have a greater investment in Shell’s future. These awards recognise an employee’s contribution to sustained value creation and the delivery of Shell’s strategy.

How does it work?

A PSP award is a conditional award of Shell shares that are released to the participant after a three year vesting period subject to the satisfaction of certain conditions which include performance conditions that are measured over the three year period.

  • Awards are generally made in February of year 1

  • The number of shares that may vest after 3 years is dependent on the satisfaction of certain conditions which includes performance conditions

  • Participants can track the progress of performance conditions and how this affects the potential number of shares that might vest by referring to the unvested share plans portfolio tile in their EquatePlus account. Note that the actual outcomes will only be known after the end of the three year performance period.

Further details of how each plan works in detail can be found below:

 

 

Plan Guides

All the information you need to know about PSP

 

Country Tax Guide

An overview of tax positions and reporting requirements

 
 

Taxation Q&A

How your PSP Awards

are taxed

 

Vesting Q&A

Information about the delivery of your

PSP Award