National Grid PLC has announced a notification of transactions of Persons Discharging Managerial Responsibilities (PDMR) in accordance with the Market Abuse Regulation. The notification pertains to a National Grid Retention Award Plan (RAP) award, which will vest in three tranches on or after 1 March 2025, 1 December 2025, and 1 March 2026, subject to conditions of continued employment and satisfactory conduct and performance. The award is also subject to clawback and malus provisions.
The notification details the acquisition of a conditional award over securities by Talvis Love, the Chief Digital and Information Officer, for nil consideration, under the RAP. The transaction involved American Depository Shares with a volume of 27,302 and was conducted on 3rd June 2023.
This announcement is made in compliance with regulatory requirements, and the relevant Financial Conduct Authority (FCA) notification has been provided.