National Grid plc

LSE:NG. Stock Report

Market Cap: UK£45.4b

National Grid Management

Management criteria checks 2/4

National Grid's CEO is John Pettigrew, appointed in Apr 2016, has a tenure of 8.67 years. total yearly compensation is £6.35M, comprised of 17.7% salary and 82.3% bonuses, including company stock and options. directly owns 0.039% of the company’s shares, worth £17.48M. The average tenure of the management team and the board of directors is 1.9 years and 3.3 years respectively.

Key information

John Pettigrew

Chief executive officer

UK£6.4m

Total compensation

CEO salary percentage17.7%
CEO tenure8.7yrs
CEO ownership0.04%
Management average tenure1.9yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

These 4 Measures Indicate That National Grid (LON:NG.) Is Using Debt Extensively

Nov 27
These 4 Measures Indicate That National Grid (LON:NG.) Is Using Debt Extensively

National Grid (LON:NG.) Has Announced That Its Dividend Will Be Reduced To £0.1584

Nov 12
National Grid (LON:NG.) Has Announced That Its Dividend Will Be Reduced To £0.1584

Estimating The Intrinsic Value Of National Grid plc (LON:NG.)

Jul 29
Estimating The Intrinsic Value Of National Grid plc (LON:NG.)

There May Be Some Bright Spots In National Grid's (LON:NG.) Earnings

May 30
There May Be Some Bright Spots In National Grid's (LON:NG.) Earnings

National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.3912

May 26
National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.3912

Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?

Apr 14
Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?

Is National Grid (LON:NG.) A Risky Investment?

Mar 05
Is National Grid (LON:NG.) A Risky Investment?

Some Confidence Is Lacking In National Grid plc's (LON:NG.) P/E

Jan 07
Some Confidence Is Lacking In National Grid plc's (LON:NG.) P/E

CEO Compensation Analysis

How has John Pettigrew's remuneration changed compared to National Grid's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

UK£2b

Jun 30 2024n/an/a

UK£2b

Mar 31 2024UK£6mUK£1m

UK£2b

Dec 31 2023n/an/a

UK£2b

Sep 30 2023n/an/a

UK£3b

Jun 30 2023n/an/a

UK£3b

Mar 31 2023UK£7mUK£1m

UK£3b

Dec 31 2022n/an/a

UK£3b

Sep 30 2022n/an/a

UK£3b

Jun 30 2022n/an/a

UK£3b

Mar 31 2022UK£7mUK£1m

UK£2b

Dec 31 2021n/an/a

UK£2b

Sep 30 2021n/an/a

UK£1b

Jun 30 2021n/an/a

UK£1b

Mar 31 2021UK£5mUK£1m

UK£1b

Dec 31 2020n/an/a

UK£1b

Sep 30 2020n/an/a

UK£1b

Jun 30 2020n/an/a

UK£1b

Mar 31 2020UK£5mUK£1m

UK£1b

Dec 31 2019n/an/a

UK£1b

Sep 30 2019n/an/a

UK£1b

Jun 30 2019n/an/a

UK£1b

Mar 31 2019UK£5mUK£944k

UK£1b

Dec 31 2018n/an/a

UK£2b

Sep 30 2018n/an/a

UK£3b

Jun 30 2018n/an/a

UK£3b

Mar 31 2018UK£4mUK£887k

UK£4b

Compensation vs Market: John's total compensation ($USD7.99M) is above average for companies of similar size in the UK market ($USD5.77M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Pettigrew (56 yo)

8.7yrs

Tenure

UK£6,353,000

Compensation

Mr. John Pettigrew, FEI, FIET, has been Chief Executive Officer at National Grid USA since April 01, 2016. Mr. Pettigrew has been the Chief Executive Officer at National Grid plc since April 1, 2016 and as...

Leadership Team

NamePositionTenureCompensationOwnership
John Pettigrew
CEO & Executive Director8.7yrsUK£6.35m0.039%
£ 17.5m
Andrew Agg
CFO & Executive Director6.4yrsUK£3.70m0.015%
£ 6.9m
Talvis Love
Chief Information & Digital Officerless than a yearno datano data
Angela Broad
Director of Investor Relationsno datano datano data
Justine Campbell
Chief Legal officerno datano datano data
William Serle
Chief People & Culture Officer2.5yrsno datano data
David Wright
Group Chief Engineerno datano datano data
Alice Delahunty
President of UK Electricity Transmission3.9yrsno datano data
Benjamin Wilson
President of National Grid Ventures1.9yrsno datano data
Sarah Salati
Chief Commercial Officer of NGV North East Team1.8yrsno datano data
Carl Trowell
President of UK Strategic Infrastructure1.7yrsno datano data
Jim McGaugh
U.S. Head of Corporate Affairs1.5yrsno datano data

1.9yrs

Average Tenure

55yo

Average Age

Experienced Management: NG.'s management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
John Pettigrew
CEO & Executive Director10.7yrsUK£6.35m0.039%
£ 17.5m
Andrew Agg
CFO & Executive Director5.9yrsUK£3.70m0.015%
£ 6.9m
Jonathan Silver
Independent Non-Executive Director5.6yrsUK£134.00kno data
Paula G. Reynolds
Non-Executive Chairman3.9yrsUK£756.00k0.00046%
£ 208.7k
Martha Wyrsch
Independent Non-Executive Director3.3yrsUK£131.00k0.00066%
£ 299.5k
Anthony Wood
Independent Non-Executive Director3.3yrsUK£127.00k0.000050%
£ 22.7k
Earl Shipp
Independent Non-Executive Director5.9yrsUK£135.00k0.00015%
£ 68.1k
Iain Mackay
Independent Non-Executive Director2.4yrsUK£165.00kno data
Anne Robinson
Independent Non-Executive Director2.9yrsUK£127.00kno data
Jacqueline Patricia Ferguson
Independent Non-Executive Directorless than a yearUK£28.00kno data
Ian Livingston
Senior Independent Non-Executive Director3.3yrsUK£162.00k0.000050%
£ 22.7k

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: NG.'s board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 07:17
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

National Grid plc is covered by 40 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Juan RodriguezAlphaValue
Gary HovisArgus Research Company
Dominic NashBarclays