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National Grid PLC Remuneration Information 2025
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2544O
National Grid PLC
24 June 2025
24 June 2025
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 PDMRs being granted awards under the Company's Long Term Performance Plan ('LTPP') on 23 June 2025.
Each of the LTPP Awards will vest on or after 30 June 2028 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 2024/25 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. The LTPP award is subject to clawback and malus provisions. For further details of the LTPP, please see the Company's 2024/25 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 | 230,976 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
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
Chief Legal 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 | 140,014 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Courtney Geduldig
2
Reason for the notification
a)
Position/status
Chief Corporate Affairs 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 | 21,260 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Talvis Love
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 | 25,479 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
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 | 409,397 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of 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 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 | 125,140 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Steve Smith
2
Reason for the notification
a)
Position/status
Chief Strategy and Regulations 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 | 114,047 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2025.06.23
f)
Place of the transaction
Outside of a Trading Venue
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