28th Jul 2014 16:00
28 July 2014
National Grid plc (National Grid)
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Notification of Directors' Interests____________________________________________________________
Long Term Performance Plan -2011 Partial Award Release
On Friday 25 July, the Trustee of the National Grid Employee Share Trust (UBS Trustees (Jersey) Limited) confirmed that the 2011 awards made to certain Executive Directors under the National Grid Long Term Performance Plan were released following completion of the three year performance measurement period in respect of the TSR/EPS portion together with dividend shares based upon the value of dividends that would have been paid on the vested shares since the award was granted following approval of the outturns by the Remuneration Committee on 22 July 2014, in accordance with the plan rules. The number of Shares/ American Depositary Shares ('ADSs') disclosed below that have been transferred to participants by the Trustee are net of Shares/ADSs sold to cover statutory deductions and associated costs.
Director | Number of Shares/ADSs |
Steve Holliday | 88,127 Shares |
Andrew Bonfield | 55,838 Shares |
Nick Winser | 42,582 Shares |
John Pettigrew | 14,895 Shares |
Tom King | 10,616 ADSs |
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The total share/ADS interests of the above Directors, following these changes, are:
Director | Number of Shares/ADSs |
Steve Holliday | 2,025,829 Shares |
Andrew Bonfield | 879,096 Shares |
Nick Winser | 978,406 Shares |
John Pettigrew | 312,817 Shares |
Tom King | 237,352 ADSs |
Contact: Robin Kerner, Assistant Secretary (020 7004 3223)
Related Shares:
National Grid