Director/PDMR Shareholding

RNS Number : 8591N

National Grid PLC

06 June 2022

 

6 June 2022

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 a National Grid Retention Award Plan ('RAP') award and the National Grid US Employee Stock Purchase Plan ('ESPP') monthly purchase on behalf of PDMRs.

The RAP Award (the 'Award') will vest in six tranches on or after 1 June 2022, 1 March 2023, 1 June 2023, 1 March 2024, 1 June 2024 and 1 March 2025 respectively. The Award is conditional on continued employment and satisfactory conduct and performance. This award is subject to clawback and malus 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	Adriana Karaboutis
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 Identification code	American Depository Shares US 6362744095
b)	Nature of the transaction	Monthly purchase of securities under the National Grid US Employee Stock Purchase Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) $61.97945 30.816666
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2022.06.01
f)	Place of the transaction	Outside 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 & 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	Acquisition of a conditional award over securities, for nil consideration, under the RAP. This award is a buy-out incentive in respect of incentive arrangements put in place by Mr Serle's previous employer that were forfeited upon joining National Grid.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 67,579
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2022.06.01
f)	Place of the transaction	Outside a trading venue

 

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