REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

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RNS Number : 5453X  National Grid PLC  02 September 2025

2 September 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'). Following the appointment of Zoë Yujnovich as Chief
Executive Designate on 1 September 2025. Mrs Yujnovich was granted share
awards under the Company's Long Term Performance Plan ('LTPP').

These share awards comprise (i) a 2025 LTPP award, and (ii) a Buyout award to
replace remuneration foregone when leaving her previous employer, made under
the LTPP.

All remuneration arrangements are consistent with the terms of the Directors'
Remuneration Policy approved by shareholders at the AGM in July 2025 which can
be found in the 2024/25 Annual Report.

The 2025 LTPP Award will vest on or after 30 June 2028 and is conditional on
continued employment and on the satisfaction of the performance conditions
approved by the Remuneration Committee. The award is subject to a two-year
holding period and clawback and malus provisions. For further details of the
LTPP, please see the Company's 2024/25 Annual Report and Accounts.

The Buyout award will vest in three equal tranches on or after 1 September
2026, 1 September 2027 and 1 September 2028 respectively. The award is
conditional on continued employment and satisfactory conduct and performance.
This award is subject to clawback and malus provisions.

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 until the shareholding requirement is met.

Enquiries and contacts

Investors:

 Angela Broad  +44 (0) 7825 351 918
 Cerys Reece   +44 (0) 7860 382 264
 Tom Edwards   +44 (0) 7976 962 791

Media:

Dan Roberts, Brunswick Group            +44 (0) 7980 959 590

 

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                                                         Zoë Yujnovich

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Designate

 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 2025 Long Term Performance Plan.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       506,086
 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2025.09.01
 f)   Place of the transaction                                     Outside of a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

 

 

 

e)

Date of the transaction

2025.09.01

f)

Place of the transaction

Outside of a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Zoë Yujnovich

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Designate

 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        408,762

 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2025.09.01
 f)   Place of the transaction                                     Outside of a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

 

 

 

e)

Date of the transaction

2025.09.01

f)

Place of the transaction

Outside of a trading venue

 

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