Director/PDMR Shareholding

National Grid PLC
06 March 2024
 

6 March 2024

 

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

 

Notification of Transaction of Person Discharging Managerial Responsibilities ('PDMR')

 

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

This vesting relates to RAP Awards made to PDMR's in December 2021 & June 2022 respectively. The 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 requirement is met. The awards are subject to malus and clawback provisions.

In accordance with MAR the relevant Financial Conduct Authority modification is set out below.

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 and Regulation 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

 

Identification code

 

Ordinary shares of 12 204/473p each

 

 

 

GB00BDR05C01

 

b)

 

Nature of the transaction

 

 

Vesting of the second tranche of shares in respect of the 10 December 2021 RAP Award.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

28,128

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.03.01

 

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)

£10.410000

13,267

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.03.05

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

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 & 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

 

Identification code

 

Ordinary shares of 12 204/473p each

 

 

 

GB00BDR05C01

 

b)

 

Nature of the transaction

 

 

Vesting of the fourth tranche of shares in respect of the 1 June 2022 RAP Award.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

11,471

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.03.01

 

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)

£10.410000

5,756

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.03.05

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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