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
Other useful information
Where can I find further information?
Employees can find details on the PSP on HR Online.