Form 4: Evergy Director Ann D. Murtlow Reports Acquisition of Common Stock and Deferred Share Units

Director Ann D. Murtlow reports acquiring Evergy, Inc. common stock as a partial retainer fee and additional deferred share units through dividend reinvestment.

Summary

• On May 8, 2024, Ann D. Murtlow, a director of Evergy, Inc., acquired 2,847 shares of common stock as part of a retainer fee.
• The acquisition price was $0 per share.
• Following the transaction, Ms. Murtlow directly owns 6,148 shares of Evergy common stock.
• Ms. Murtlow also holds 23,395 director deferred share units, which include 1,054 units acquired through reinvestment of dividend equivalents.
• These deferred share units represent the right to receive one share of Evergy common stock, plus stock reflecting reinvested dividends, and are converted to stock and distributed after termination of board service.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director as part of their compensation. There are no explicit positive or negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The director deferred share units will be converted to stock and distributed following termination of service on the Board pursuant to elections made by the reporting person.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in beneficial ownership by a director of Evergy, Inc., which is typical for publicly traded companies.

Comparison to Industry Standards

• Director compensation in the form of stock and deferred share units is a common practice among publicly traded companies, including utilities like Evergy.
• Companies such as NextEra Energy, Duke Energy, and Southern Company also utilize similar compensation structures for their board members.
• The specific amounts and terms of these arrangements vary based on company size, performance, and industry practices.

Stakeholder Impact

• The acquisition of shares by a director can have a minor positive impact on shareholder confidence.

Key Dates