What is a PDMR in European insider trading?

PDMR stands for Person Discharging Managerial Responsibilities. Under the EU Market Abuse Regulation (MAR), PDMRs include board members, C-suite executives, and senior managers who have regular access to inside information and the power to make management decisions. PDMRs — and their closely associated persons — are required to report their transactions in the company's financial instruments to the national regulator and the public.