REG - National Grid PLC - Director/PDMR Shareholding
30/06/2022 13:01
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RNS Number : 8586Q National Grid PLC 30 June 2022
30 June 2022
National Grid plc ('National Grid' or 'Company')
Notification of Transactions of Persons Discharging Managerial
Responsibilities ('PDMRs')
This announcement is made in accordance with Article 19 of the Market Abuse
Regulation ('MAR') and relates to the following PDMRs being granted awards
under the Company's Long Term Performance Plan ('LTPP') on 28 June 2022 and a
PDMR acquiring shares following the partial vesting of an award under the
Company's Retention Award Plan ('RAP').
Each of the LTPP Awards will vest on or after 1 July 2025 and are conditional
on continued employment and on the satisfaction of the performance conditions
approved by the Remuneration Committee.
In addition, as disclosed in the Company's 2021/22 Annual Report and Accounts,
Executive Directors are required to retain the after-tax value of any shares
under the LTPP award until the shareholding requirement is met, and in any
event for two years after receipt. The LTPP award is subject to clawback and
malus provisions.
For further details of the LTPP, please see the Company's 2021/22 Annual
Report and Accounts.
The RAP vesting relates to a RAP Award made to the PDMR in June 2022. The
award was conditional on continued employment with the Company and
satisfactory conduct and performance. The RAP award is subject to malus and
clawback provisions.
In accordance with MAR the relevant Financial Conduct Authority notifications
are set out below.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andy Agg
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name National Grid plc
b) LEI 8R95QZMKZLJX5Q2XR704
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of a conditional award over securities, for nil consideration,
under the Long Term Performance Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 201,727
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2022.06.28
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2022.06.28
f)
Place of the transaction
Outside of a Trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Justine Campbell
2 Reason for the notification
a) Position/status Group General Counsel & Company Secretary
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name National Grid plc
b) LEI 8R95QZMKZLJX5Q2XR704
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of a conditional award over securities, for nil consideration,
under the Long Term Performance Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 100,541
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2022.06.28
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2022.06.28
f)
Place of the transaction
Outside of a Trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Adriana Karaboutis
2 Reason for the notification
a) Position/status Chief Information and Digital Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name National Grid plc
b) LEI 8R95QZMKZLJX5Q2XR704
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument American Depository Shares
Identification code
US 6362744095
b) Nature of the transaction Acquisition of a conditional award over securities, for nil consideration,
under the Long Term Performance Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 27,139
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2022.06.28
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2022.06.28
f)
Place of the transaction
Outside of a Trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Pettigrew
2 Reason for the notification
a) Position/status Chief Executive
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name National Grid plc
b) LEI 8R95QZMKZLJX5Q2XR704
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of a conditional award over securities, for nil consideration,
under the Long Term Performance Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 357,606
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2022.06.28
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2022.06.28
f)
Place of the transaction
Outside of a Trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Will Serle
2 Reason for the notification
a) Position/status Chief People and Culture Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name National Grid plc
b) LEI 8R95QZMKZLJX5Q2XR704
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of a conditional award over securities, for nil consideration,
under the Long Term Performance Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 89,430
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2021.06.28
f) Place of the transaction Outside of a Trading Venue
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of shares in respect of the 1 June 2022 RAP Award partially
vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 15,370
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2021.06.28
f) Place of the transaction London Stock Exchange (XLON)
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Automatic disposal of shares resulting from RAP Award exercise to cover tax
liabilities.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 10.667258 7,597
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2022.06.28
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 12 204/473p each
GB00BDR05C01
b)
Nature of the transaction
Acquisition of shares in respect of the 1 June 2022 RAP Award partially
vesting.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 15,370
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
London Stock Exchange (XLON)
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 12 204/473p each
GB00BDR05C01
b)
Nature of the transaction
Automatic disposal of shares resulting from RAP Award exercise to cover tax
liabilities.
c)
Price(s) and volume(s)
Price(s) Volume(s)
GBP 10.667258 7,597
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2022.06.28
f)
Place of the transaction
London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ben Wilson
2 Reason for the notification
a) Position/status Chief Strategy & External Affairs Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name National Grid plc
b) LEI 8R95QZMKZLJX5Q2XR704
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of a conditional award over securities, for nil consideration,
under the Long Term Performance Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 98,247
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2022.06.28
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2022.06.28
f)
Place of the transaction
Outside of a Trading Venue
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