National Grid plc

NYSE:NGG Stock Report

Market Cap: US$57.1b

National Grid Management

Management criteria checks 3/4

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 $21.98M. 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

National Grid: Growth And Yield

Nov 08

National Grid: An Upside Is There, But I'd Wait For A Small Drop

Aug 25

National Grid: Rights Issue Highlights Lack Of Compounding

Jun 07

National Grid Faces New Challenges With Electrification Growth

May 01

National Grid: Clean Energy Transition Continues

Jan 23

National Grid: Grid Investments Could Power Growth

Nov 13

National Grid: Regulators Cap Upside In The U.K.

Sep 26

National Grid Is Becoming Interesting Again (Rating Upgrade)

Jul 11

National Grid: Bearish Technicals After A Strong Late-2022 Rally

Jan 19

Energy Is On The Frontline Of The War And National Grid Constitutes Europe's Salvo

Nov 07

National Grid's Utility Upside

Sep 12

National Grid: Solid Utility, But Limited Upside

Jun 28

National Grid: Stable Yield And Results From Utilities At A High Price

Jun 17

National Grid: A Hold For Now

Mar 31

National Grid Insulated From RIIO Changes With U.S. Exposure

Feb 10

National Grid: Upside Is There, But It's Still Expensive

Dec 03

National Grid And The Electrification Of Everything

Sep 11

National Grid: A Dividend Cut Appears Likely Despite Being A Utility

Jul 30

National Grid: A 'Consistently Not Stupid' Buy

Jan 31

National Grid Is The Clear Winner In The Dividend Bout Against Utility ConEd

Dec 03

Dividend Safety Net Is Still A Concern As National Grid Shares Bounce Back

Nov 25

National Grid goes ex-dividend tomorrow

Nov 24

National Grid seeks higher revenue, 10.5% RoE for Mass gas business

Nov 16

National Grid reports F1H results

Nov 12

U.K. regulators considering National Grid breakup -Telegraph

Nov 09

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 ($USD7.99M) is below average for companies of similar size in the US market ($USD12.85M).

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%
$ 22.0m
Andrew Agg
CFO & Executive Director6.4yrsUK£3.70m0.015%
$ 8.6m
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: NGG'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%
$ 22.0m
Andrew Agg
CFO & Executive Director5.9yrsUK£3.70m0.015%
$ 8.6m
Jonathan Silver
Independent Non-Executive Director5.6yrsUK£134.00kno data
Paula G. Reynolds
Non-Executive Chairman3.9yrsUK£756.00k0.00046%
$ 262.4k
Martha Wyrsch
Independent Non-Executive Director3.3yrsUK£131.00k0.00066%
$ 376.5k
Anthony Wood
Independent Non-Executive Director3.3yrsUK£127.00k0.000050%
$ 28.5k
Earl Shipp
Independent Non-Executive Director5.9yrsUK£135.00k0.00015%
$ 85.6k
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%
$ 28.5k

3.3yrs

Average Tenure

60yo

Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:21
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