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National Grid PLC — Remuneration Information 2020
Aug 18, 2020
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Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 4928W
National Grid PLC
18 August 2020
18 August 2020
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 EU 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 17 August 2020.
Each of the LTPP Awards will vest on or after 3 July 2023 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 2019/20 Annual Report and Accounts, the 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 Executive Directors two years after receipt. This award is subject to clawback and malus provisions.
For further details of the LTPP, please see the Company's 2019/20 Annual Report and Accounts.
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
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 | 213,795 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.08.17
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jonathan Butterworth
2
Reason for the notification
a)
Position/status
Managing Director, 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 | 86,988 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.08.17
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 Human Resources 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 | 107,542 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.08.17
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 636274409
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 | 28,713 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.08.17
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 636274409
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 | 38,669 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.08.17
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 | 405,217 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.08.17
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lucy Nicola Shaw
2
Reason for the notification
a)
Position/status
Executive Director, UK
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 | 189,452 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.08.17
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.
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