Director/PDMR Shareholding
Summary by AI BETAClose X
3 December 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 PDMR acquiring shares following a partial vesting of an award made under the Company's Retention Award Plan ('RAP').
The vesting relates to a RAP award made to Talvis Love on 3 June 2024. The RAP award was 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 award remains subject to malus and clawback provisions.
In accordance with MAR, the relevant Financial Conduct Authority notifications are set out below.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Talvis Love |
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2 |
Reason for the notification |
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a)
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Position/status |
Chief Information and Digital Officer |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
National Grid plc |
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b) |
LEI |
8R95QZMKZLJX5Q2XR704 |
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code |
American Depository Shares
US 6362744095 |
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b)
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Nature of the transaction |
Shares acquired following the vesting of the second tranche of shares in respect of the 3 June 2024 RAP award.
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c) |
Price(s) and volume(s) |
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d)
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Aggregated information
- Aggregated volume
- Price |
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e)
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Date of the transaction |
2025.12.01 |
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f)
|
Place of the transaction |
New York Stock Exchange (NYSE) |
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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 |
||||
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b)
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Nature of the transaction
|
Automatic disposal of shares resulting from RAP award exercise to cover tax liabilities.
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c) |
Price(s) and volume(s) |
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d)
|
Aggregated information
- Aggregated volume
- Price |
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e) |
Date of the transaction |
2025.12.01 |
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f)
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Place of the transaction |
New York Stock Exchange (NYSE) |
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