National Grid PLC has announced that several Persons Discharging Managerial Responsibilities (PDMRs) have been granted awards under the Company's Long Term Performance Plan (LTPP). The awards, granted on 23 July 2024, will vest on or after 1 July 2027 and are conditional on continued employment and the satisfaction of performance conditions approved by the Remuneration Committee. The LTPP awards are subject to retention requirements, clawback, and malus provisions, as detailed in the Company's 2023/24 Annual Report and Accounts.
The PDMRs who have been granted awards include Andy Agg, Chief Financial Officer, who acquired 247,193 ordinary shares; Justine Campbell, Group Chief Legal Officer, who acquired 122,600 ordinary shares; Courtney Geduldig, Chief Corporate Affairs Officer, who acquired 19,517 American Depository Shares; and John Pettigrew, Chief Executive, who acquired 438,141 ordinary shares. Each acquisition was made for nil consideration and outside of a Trading Venue.
These transactions are in compliance with Article 19 of the Market Abuse Regulation (MAR) and the relevant Financial Conduct Authority notifications have been provided. The awards are part of the Company's efforts to align the interests of its management with the long-term performance and success of National Grid PLC.