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National Grid plc reported that PDMRs completed share acquisitions on January 13 and 14, 2026. Chief Financial Officer Andy Agg acquired 74 ordinary shares at GBP 11.66, and Chair Paula Rosput Reynolds acquired 44 ordinary shares at GBP 11.3040 on January 13. Additionally, Courtney Geduldig acquired 22 American Depository Shares (ADS) and Talvis Love acquired 123 ADS at USD 77.978 on January 14, while Paula Rosput Reynolds also acquired 43 ADS at USD 74.2334 on January 13.
| Date | 16 Jan 2026 |
| Time | 11:45:00 |
| Category | Director/PDMR dealings |
| ID | 2722P |
16 January 2026
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 National Grid 2025/26 interim dividend scrip alternative and dividend reinvestments.
In accordance with MAR the relevant Financial Conduct Authority notifications are set out below.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Andy Agg |
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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National Grid plc |
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b)
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LEI
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8R95QZMKZLJX5Q2XR704 |
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 12 204/473p each
GB00BDR05C01 |
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b)
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Nature of the transaction
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Acquisition of securities ("dividend shares") under the National Grid Share Incentive Plan. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price
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e)
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Date of the transaction
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2026.01.13 |
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f)
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Place of the transaction
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London Stock Exchange (XLON) |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Courtney Geduldig |
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2
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Reason for the notification
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a)
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Position/status
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Chief Corporate Affairs Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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National Grid plc |
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b)
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LEI
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8R95QZMKZLJX5Q2XR704 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument
Identification code |
American Depository Shares
US 6362744095 |
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b)
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Nature of the transaction
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Acquisition of American Depositary Shares under a dividend reinvestment plan. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price |
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e) |
Date of the transaction |
2026.01.14 |
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f) |
Place of the transaction |
New York Stock Exchange (NYSE) |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Talvis Love |
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2
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Reason for the notification
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a)
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Position/status
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Chief Information and Digital Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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|||||
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a)
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Name
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National Grid plc |
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b)
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LEI
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8R95QZMKZLJX5Q2XR704 |
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4
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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 |
|||||
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a)
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Description of the financial instrument, type of instrument
Identification code |
American Depository Shares
US 6362744095 |
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b)
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Nature of the transaction
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Acquisition of American Depositary Shares under a dividend reinvestment plan. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price |
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e) |
Date of the transaction |
2026.01.14 |
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f) |
Place of the transaction |
New York Stock Exchange (NYSE) |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Paula Rosput Reynolds |
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2
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Reason for the notification
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a)
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Position/status
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Chair |
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b)
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Initial notification /Amendment
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Initial notification |
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
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National Grid plc |
||||
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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 |
||||
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b)
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Nature of the transaction
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Acquisition of American Depositary Shares under the National Grid Scrip Dividend Scheme. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price |
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||||
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e) |
Date of the transaction |
2026.01.13 |
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f) |
Place of the transaction |
New York Stock Exchange (NYSE) |
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1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||
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a)
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Name
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Paula Rosput Reynolds |
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2
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Reason for the notification
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a)
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Position/status
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Chair |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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|||||
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a)
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Name
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National Grid plc |
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||||
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b)
|
LEI
|
8R95QZMKZLJX5Q2XR704 |
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||||
|
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)
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Nature of the transaction
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Acquisition of Ordinary Shares under the National Grid Scrip Dividend Scheme. |
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c)
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Price(s) and volume(s)
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d)
|
Aggregated information
- Aggregated volume
- Price
|
|
|
||||
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e)
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Date of the transaction
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2026.01.13 |
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f)
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Place of the transaction
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London Stock Exchange (XLON) |
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