Form 4: Eversource Energy COO Paul Chodak III Reports Share Disposals for Tax Obligations

Eversource Energy's Chief Operating Officer, Paul Chodak III, disposed of 2,502 common shares to cover tax obligations, while still holding 25,033 shares directly and 66 shares indirectly through a 401k plan.

Summary

• Paul Chodak III, the Chief Operating Officer of Eversource Energy, reported a transaction involving the company's common shares.
• On November 13, 2024, Mr. Chodak disposed of 2,502 common shares at a price of $60.57 per share.
• This disposal was to satisfy tax withholding obligations.
• Following the transaction, Mr. Chodak directly owns 25,033 common shares, which includes restricted share units and dividend equivalents.
• He also indirectly owns 66 shares through the Eversource 401k Plan.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a routine transaction for tax purposes. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive share disposals for tax purposes.
• Similar filings are made by executives at comparable companies such as NextEra Energy, Duke Energy, and Southern Company when they sell shares.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes and does not indicate a change in the executive's confidence in the company.

Key Dates

Keywords

Eversource Energy, Paul Chodak III, share disposal, tax obligations, Form 4, insider trading, common shares, 401k plan