AI assistant
National Grid PLC Remuneration Information 2022
4816_def-14a_2022-06-06_817fe578-ae6c-4a74-91f7-de304f0c8c21.html
Remuneration Information
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
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
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
DSHSSMFEMEESESM