National Grid (NYSE: NGG) updates voting rights, BlackRock holding and executive share awards
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
National Grid plc filed a Form 6-K summarising share capital, a major shareholder position and recent management equity transactions. As of 31 May 2026, registered capital was 5,198,968,690 ordinary shares, with 223,258,076 held in treasury and 4,975,710,614 shares carrying voting rights.
The company reports a TR-1 notification from BlackRock, Inc., showing total interests in National Grid voting rights of 8.58%, representing 427,582,600 voting rights, combining shares and financial instruments. Several Persons Discharging Managerial Responsibilities made routine equity transactions under incentive plans.
Chief Financial Officer Andy Agg bought 12 partnership shares at GBP 12.0872, exercised 4,777 Sharesave options at GBP 6.2780, and received 16,602 shares under the Annual Performance Plan at GBP 12.0285. Chief Executive Zoë Yujnovich received 24,797 APP shares at GBP 12.0285 and conditional Long Term Performance Plan awards (nil consideration) of 450,132 shares, alongside 246,057 LTPP shares to the CFO, vesting on or after 18 June 2029.
Positive
- None.
Negative
- None.
Key Figures
Ordinary shares with voting rights: 4,975,710,614 shares
Total registered ordinary shares: 5,198,968,690 shares
BlackRock total voting interest: 8.580000%
+5 more
8 metrics
Ordinary shares with voting rights
4,975,710,614 shares
Voting rights denominator as of 31 May 2026
Total registered ordinary shares
5,198,968,690 shares
Share capital as of 31 May 2026
BlackRock total voting interest
8.580000%
427,582,600 voting rights in National Grid
BlackRock voting rights via financial instruments
7,235,895 voting rights
0.140000% via ADRs and securities lending
BlackRock CFD voting rights
2,723,926 voting rights
0.050000% through CFDs
CFO partnership share purchase
12 shares at GBP 12.0872
Monthly Share Incentive Plan purchase on 8 June 2026
CFO Sharesave option exercise
4,777 shares at GBP 6.2780
2020/21 5-year Sharesave plan maturity on 10 June 2026
CEO LTPP conditional award
450,132 shares, nil consideration
Long Term Performance Plan award on 17 June 2026, vesting on/after 18 June 2029
Key Terms
Voting Rights, Share Incentive Plan, Annual Performance Plan, Long Term Performance Plan, +2 more
6 terms
Voting Rights financial
"leaving a balance of 4,975,710,614 with voting rights."
Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.
Annual Performance Plan financial
"being granted awards under the Company's Annual Performance Plan ('APP') on 15 June 2026"
Long Term Performance Plan financial
"being granted awards under the Company's Long Term Performance Plan ('LTPP') on 17 June 2026"
Market Abuse Regulation regulatory
"This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR')."
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
Person Discharging Managerial Responsibilities regulatory
"Notification of Transaction of Person Discharging Managerial Responsibilities ('PDMRs')"
A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.
FAQ
What are National Grid (NGG) total voting rights as of 31 May 2026?
National Grid reports 4,975,710,614 shares with voting rights as of 31 May 2026. Total registered capital is 5,198,968,690 ordinary shares, including 223,258,076 held in treasury, which do not carry voting rights for shareholder calculations.
What equity awards did National Grid’s CEO receive under incentive plans?
Chief Executive Zoë Yujnovich received short- and long-term share-based awards. She obtained 24,797 shares under the Annual Performance Plan at GBP 12.0285 and a conditional Long Term Performance Plan award over 450,132 shares for nil consideration, vesting on or after 18 June 2029.
What Long Term Performance Plan awards were granted to National Grid PDMRs?
National Grid granted conditional Long Term Performance Plan awards to key executives. CFO Andy Agg received 246,057 shares and CEO Zoë Yujnovich received 450,132 shares, both for nil consideration, vesting on or after 18 June 2029 subject to employment and performance conditions.
How are National Grid’s executive Annual Performance Plan awards structured?
The Annual Performance Plan pays part of executives’ awards in National Grid shares. For 2025/26, 33% of the CFO’s and 50% of the CEO’s APP awards were delivered as market-purchased shares, which must be retained to meet shareholding requirements and for at least two years after receipt.