Insider trades and dividend share awards at National Grid (NYSE: NGG)

Rhea-AI Filing Summary

National Grid plc reports its share capital and recent insider dealings. As of 31 December 2025, the company had 5,191,884,002 ordinary shares, including 230,310,720 held in treasury, leaving 4,961,573,282 shares with voting rights for disclosure calculations.

The filing also lists routine transactions by senior managers and the chair, mainly small monthly purchases and dividend-related share acquisitions in share plans on the London and New York exchanges, plus a sale of 21,800 ordinary shares by Chief People Officer Will Serle.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

Date: 30 January 2026

Commission File Number: 001-14958

NATIONAL GRID plc

(Translation of registrant’s name into English)

England and Wales

(Jurisdiction of Incorporation) 

1-3 Strand, London, WC2N 5EH, United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

☒  Form 20-F      ☐  Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of 1934.  ☐  Yes    ☒  No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

EXHIBIT INDEX

Exhibit No.	Description
99.1	Exhibit 99.1 Announcement sent to the London Stock Exchange on 02 January 2026 — Total Voting Rights
99.2	Exhibit 99.2 Announcement sent to the London Stock Exchange on 08 January 2026 — Director/PDMR Shareholding
99.3	Exhibit 99.3 Announcement sent to the London Stock Exchange on 16 January 2026 — Director/PDMR Shareholding
99.4	Exhibit 99.4 Announcement sent to the London Stock Exchange on 19 January 2026 — Director/PDMR Shareholding

Exhibit 99.1

2 January 2026

National Grid plc ('National Grid' or 'Company')

Voting Rights update

National Grid's registered capital as of 31 December 2025 consisted of 5,191,884,002 ordinary shares of which 230,310,720 were held as treasury shares; leaving a balance of 4,961,573,282 with voting rights.

The figure of 4,961,573,282 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, National Grid under the FCA's Disclosure Guidance and Transparency Rules.

Julian Baddeley                              

Group Company Secretary

Exhibit 99.2

08 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'). In accordance with MAR, the relevant Financial Conduct Authority ('FCA') notifications are set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andy Agg
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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	Ordinary shares of 12 204/473p each GB00BDR05C01
b)	Nature of the transaction	Monthly purchase of securities ("partnership shares") under the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 11.83097	13
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2026.01.07
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Will Serle
2	Reason for the notification
a)	Position/status	Chief People Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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	Ordinary shares of 12 204/473p each GB00BDR05C01
b)	Nature of the transaction	Monthly purchase of securities ("partnership shares") under the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 11.83097	13
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2026.01.07
f)	Place of the transaction	London Stock Exchange (XLON)

Exhibit 99.3

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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andy Agg
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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	Ordinary shares of 12 204/473p each GB00BDR05C01
b)	Nature of the transaction	Acquisition of securities ("dividend shares") under the National Grid Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 11.66	74
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2026.01.13
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Courtney Geduldig
2	Reason for the notification
a)	Position/status	Chief Corporate Affairs Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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
b)	Nature of the transaction	Acquisition of American Depositary Shares under a dividend reinvestment plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 77.978	22
d)	Aggregated information   - Aggregated volume   - Price
e)	Date of the transaction	2026.01.14
f)	Place of the transaction	New York Stock Exchange (NYSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Talvis Love
2	Reason for the notification
a)	Position/status	Chief Information and Digital Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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
b)	Nature of the transaction	Acquisition of American Depositary Shares under a dividend reinvestment plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 77.978	123
d)	Aggregated information   - Aggregated volume   - Price
e)	Date of the transaction	2026.01.14
f)	Place of the transaction	New York Stock Exchange (NYSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paula Rosput Reynolds
2	Reason for the notification
a)	Position/status	Chair
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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
b)	Nature of the transaction	Acquisition of American Depositary Shares under the National Grid Scrip Dividend Scheme.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 74.2334	43
d)	Aggregated information   - Aggregated volume   - Price
e)	Date of the transaction	2026.01.13
f)	Place of the transaction	New York Stock Exchange (NYSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paula Rosput Reynolds
2	Reason for the notification
a)	Position/status	Chair
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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	Ordinary shares of 12 204/473p each GB00BDR05C01
b)	Nature of the transaction	Acquisition of Ordinary Shares under the National Grid Scrip Dividend Scheme.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 11.3040	44
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2026.01.13
f)	Place of the transaction	London Stock Exchange (XLON)

Exhibit 99.4

19 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'). On 19 January 2026, the Company was notified that Will Serle, Chief People Officer of the Company, sold 21,800 ordinary shares in the capital of the Company.

In accordance with MAR, the relevant Financial Conduct Authority notification is set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Will Serle
2	Reason for the notification
a)	Position/status	Chief People Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	National Grid plc
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	Ordinary shares of 12 204/473p each GB00BDR05C01
b)	Nature of the transaction	Sale of ordinary shares.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 12.043216	21,800
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2026.01.19
f)	Place of the transaction	London Stock Exchange (XLON)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NATIONAL GRID plc
	By:	Beth Melges
		Beth Melges Head of Plc Governance

Date: 30 January 2026

FAQ

What voting rights update did National Grid (NGG) disclose in this Form 6-K?

National Grid reported that, as of 31 December 2025, its registered capital was 5,191,884,002 ordinary shares, with 230,310,720 held in treasury. This leaves 4,961,573,282 shares carrying voting rights, a key figure shareholders use for regulatory disclosure calculations.

Which National Grid (NGG) executives bought shares under the Share Incentive Plan?

Chief Financial Officer Andy Agg and Chief People Officer Will Serle each made monthly purchases of 13 ordinary shares at GBP 11.83097 under the Share Incentive Plan on 7 January 2026. Agg also acquired 74 dividend shares at GBP 11.66 on 13 January 2026.

What dividend-related share acquisitions were reported for National Grid (NGG) insiders?

Several senior figures acquired shares through dividend schemes. Andy Agg received 74 dividend shares at GBP 11.66, while Courtney Geduldig and Talvis Love acquired American Depositary Shares via dividend reinvestment at USD 77.978. Chair Paula Rosput Reynolds took ADS and ordinary shares through scrip dividend arrangements.

Which insider sold National Grid (NGG) shares and in what amount?

Chief People Officer Will Serle sold 21,800 National Grid ordinary shares. The sale took place on 19 January 2026 on the London Stock Exchange at a price of GBP 12.043216 per share, as disclosed under Market Abuse Regulation reporting requirements.

On which exchanges were the reported National Grid (NGG) insider transactions executed?

Ordinary share transactions, including Share Incentive Plan activity and the 21,800-share sale, occurred on the London Stock Exchange. American Depositary Share acquisitions linked to dividend reinvestment and scrip dividend schemes were executed on the New York Stock Exchange, reflecting National Grid’s dual-market presence.

How can National Grid (NGG) shareholders use the reported voting rights figure?

Shareholders may use the 4,961,573,282 voting shares as the denominator when assessing their interest in National Grid. This figure helps determine when they must notify the company and regulators of holdings or changes under the FCA’s Disclosure Guidance and Transparency Rules.