AI assistant
National Grid PLC Director's Dealing 2021
4816_dirs_2021-06-29_fb013dae-4c14-4539-9366-eab1b43aac84.html
Director's Dealing
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
RNS Number : 5495D
National Grid PLC
29 June 2021
29 June 2021
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 Executive Directors and PDMRs being granted awards under the Company's Long Term Performance Plan ('LTPP') on 28 June 2021.
Each of the LTPP Awards will vest on or after 1 July 2024 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 2020/21 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. This award is subject to clawback and malus provisions.
For further details of the LTPP, please see the Company's 2020/21 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
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 Long Term Performance Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 218,993 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
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
Group General Counsel & Company Secretary
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 Long Term Performance Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 112,051 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Alice Delahunty
2
Reason for the notification
a)
Position/status
President, UK Electricity Transmission
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 Long Term Performance Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 46,718 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andy Doyle
2
Reason for the notification
a)
Position/status
Chief People and 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 Long Term Performance Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 105,847 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
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
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 | 26,617 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Badar Khan
2
Reason for the notification
a)
Position/status
President, National Grid US
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
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 | 35,832 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Cordi O'Hara
2
Reason for the notification
a)
Position/status
President, National Grid Ventures
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 Long Term Performance Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 91,247 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
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
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 Long Term Performance Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 398,568 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Wright
2
Reason for the notification
a)
Position/status
Group Chief Engineer
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 Long Term Performance Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 31,168 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rudolph Wynter
2
Reason for the notification
a)
Position/status
President, National Grid New York
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
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 | 21,774 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2021.06.28
f)
Place of the transaction
Outside of a Trading Venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHSEWFMUEFSEFM