REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

11/03/2025 10:30

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RNS Number : 1968A  National Grid PLC  11 March 2025

11 March 2025

 

National Grid plc ('National Grid' or 'Company')

 

Notification of Transactions of Persons Discharging Managerial
Responsibilities ('PDMR')

 

This announcement is made in accordance with Article 19 of the Market Abuse
Regulation ('MAR') and relates to the following PDMRs acquiring shares
following partial vestings of awards under the Company's Retention Award Plan
('RAP').

The vestings relate to RAP Awards made to Will Serle on 1 June 2022 and Talvis
Love on 3 June 2024. The RAP awards were conditional on continued employment
with the Company and on the satisfaction of the performance conditions
approved by the Remuneration Committee, which (after tax on the gross award)
must be retained until the shareholding requirements are met. The RAP awards
are subject to malus and clawback provisions.

In accordance with MAR the relevant Financial Conduct Authority ('FCA')
notifications are set out below.

 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                                    Shares acquired following the vesting of the sixth tranche of shares in

                                                                 respect of the 1 June 2022 RAP Award.

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   Nil       13,386
 d)   Aggregated information

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2025.03.10

 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)
                                                                   £9.381    6,717
 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2025.03.10
 f)   Place of the transaction                                     London Stock Exchange (XLON)

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

e)

 

Date of the transaction

2025.03.10

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)
 £9.381    6,717

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

 

 

e)

Date of the transaction

2025.03.10

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Talvis Love
 2    Reason for the notification
 a)   Position/status                                              Chief Digital and Information 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                                    Shares acquired following the vesting of the first tranche of shares in

                                                                 respect of the 3 June 2024 RAP Award.

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   Nil       10,624
 d)   Aggregated information

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2025.03.10

 f)   Place of the transaction                                     New York Stock Exchange (NYSE)

 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                                    Automatic disposal of shares resulting from RAP Award exercise to cover tax

                                                            liabilities.

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   $62.090   3,286
 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2025.03.10
 f)   Place of the transaction                                     New York Stock Exchange (NYSE)

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

e)

 

Date of the transaction

2025.03.10

f)

 

Place of the transaction

New York Stock Exchange (NYSE)

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

American Depository Shares

 

 

 

US 6362744095

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)
 $62.090   3,286

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

 

 

e)

Date of the transaction

2025.03.10

f)

 

Place of the transaction

New York Stock Exchange (NYSE)

 

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