Form 4: Eversource Energy Executive Penelope M. Conner Reports Stock Sale

Eversource Energy's EVP Penelope M. Conner reports the sale of 815 common shares at $65.50 on August 13, 2024, while also holding shares through a 401k plan and deferred compensation plan.

Summary

• Penelope M. Conner, an EVP at Eversource Energy, filed a Form 4 detailing changes in beneficial ownership.
• On August 13, 2024, Conner sold 815 common shares at a price of $65.50 per share.
• Following the transaction, Conner directly owns 9,032 common shares, including restricted share units and dividend equivalents.
• Conner also indirectly owns 648 shares through the Eversource 401k Plan.
• Additionally, Conner holds 15,997 phantom shares under the Eversource Deferred Compensation Plan, each representing the right to receive one common share upon vesting and distribution.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track executive sentiment and potential alignment with shareholder interests.

Stakeholder Impact

• The stock sale by an executive could be perceived as a slightly negative signal by shareholders, although it's a relatively small transaction.

Key Dates