National Grid PLC recently announced several transactions made by Persons Discharging Managerial Responsibilities (PDMRs). The transactions were made in accordance with the Market Abuse Regulation (MAR) and the relevant Financial Conduct Authority (FCA) notifications. The transactions involved the adjustment of share options held under the National Grid PLC Sharesave plan to reflect the impact of the 2024 Rights Issue. The transactions took place on the London Stock Exchange (XLON) and involved the acquisition and sale of ordinary shares of 12 204/473p each.
John Pettigrew, the Chief Executive Officer, made several transactions, including an adjustment to share options and the acquisition of shares as part of a tailswallow under the Share Incentive Plan pursuant to the 2024 Rights Issue. The Chief Financial Officer, Andy Agg, also participated in the transactions, including the sale of rights under the Share Incentive Plan pursuant to the 2024 Rights Issue. Additionally, Ben Wilson, Chief Strategy and Regulation Officer, and Will Serle, Chief People and Culture Officer, were involved in the acquisition of shares as part of a tailswallow under the Share Incentive Plan.
Furthermore, adjustments to 2021 share awards held under the Long Term Performance Plan were made to reflect the impact of the 2024 Rights Issue. These transactions were also conducted on the London Stock Exchange (XLON) and involved significant volumes of shares.
The transactions reflect the Company's adherence to regulatory requirements and the involvement of key executives in the management of share options and incentives.