REG - National Grid PLC - Director/PDMR Shareholding
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RNS Number : 2544O National Grid PLC 24 June 2025
24 June 2025
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 23 June 2025.
Each of the LTPP Awards will vest on or after 30 June 2028 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 2024/25 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
2024/25 Annual Report and Accounts.
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 230,976
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2025.06.23
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
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 Chief Legal 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 140,014
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2025.06.23
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Courtney Geduldig
2 Reason for the notification
a) Position/status Chief Corporate 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 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 21,260
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2025.06.23
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Talvis Love
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 25,479
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2025.06.23
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
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 409,397
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2025.06.23
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
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 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 125,140
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2025.06.23
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Steve Smith
2 Reason for the notification
a) Position/status Chief Strategy and Regulations 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 114,047
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2025.06.23
f) Place of the transaction Outside of a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
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