Form 4: Eversource CEO Gifts 94,981 Shares to Estate Trust

Eversource Energy's Chairman, President, and CEO, Joseph R. Nolan Jr., reported a gift of 94,981 common shares to an irrevocable trust for estate planning purposes.

Summary

• Joseph R. Nolan Jr., Chairman, President, and CEO of Eversource Energy, reported a gift of 94,981 common shares.
• The transaction, a bona fide gift, occurred on March 6, 2026, with a price of $0 per share.
• The shares were transferred to an irrevocable trust established for estate planning purposes for the benefit of Mr. Nolan Jr.'s adult children.
• Following the transfer, Mr. Nolan Jr. does not retain beneficial ownership of these gifted shares for Section 16 purposes.
• After the reported transaction, Mr. Nolan Jr. directly beneficially owns 76,240 common shares (including restricted share units and dividend equivalents thereon).
• He indirectly beneficially owns 25,483 common shares through the Eversource 401k Plan as of March 5, 2026.
• Mr. Nolan Jr. also directly beneficially owns 73,713 phantom shares under the Eversource Deferred Compensation Plan, which represent the right to receive one common share upon a distribution event.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine personal estate planning transaction by an executive and does not indicate any change in the company's operational or financial health.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider gifts, particularly for estate planning, are common and generally do not reflect on the operational performance or strategic direction of the company. They are personal financial decisions by executives.

Related Party Transactions

• Gift of 94,981 common shares to an irrevocable trust established for estate planning purposes for the benefit of the Reporting Person's adult children.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a personal transaction by an executive and does not affect the company's operations or financial performance.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

The transaction reported is a personal estate planning gift by the CEO and does not reflect on the operational performance or future prospects of Eversource Energy. As such, it provides no new information to alter an existing investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Eversource Energy, ES, Joseph R. Nolan Jr., Form 4, Insider Transaction, Stock Gift, Estate Planning, Common Shares, Beneficial Ownership, Deferred Compensation