Form 4: Eversource Energy Executive Paul Chodak III Reports Stock Transaction
SEC Form 4 Filing
Eversource Energy's EVP and COO, Paul Chodak III, reports disposition of common shares to cover tax obligations.
Summary
- On February 18, 2025, Paul Chodak III, EVP and COO of Eversource Energy, reported a transaction involving the company's stock.
- Mr. Chodak disposed of 2,868 common shares to satisfy tax withholding obligations at a price of $61.54 per share.
- Following the transaction, Mr. Chodak directly owns 35,713 common shares, which includes restricted share units and dividend equivalents.
- He also indirectly owns 419 shares through the Eversource 401k Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself is routine. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock transaction (disposition of shares). |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Eversource Energy, Paul Chodak III, Form 4, Stock Transaction, Beneficial Ownership, Executive Compensation, ES
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