Form 4: Eversource Energy Executive Reports Stock Disposal for Tax Obligations

Joseph R. Nolan Jr., Chairman, President, and CEO of Eversource Energy, disposed of shares to cover tax withholding obligations.

Summary

• On February 18, 2025, Joseph R. Nolan Jr., Chairman, President, and CEO of Eversource Energy, disposed of 39,725 common shares to satisfy tax withholding obligations at a price of $61.54 per share.
• Following the transaction, Nolan directly owns 143,558 common shares, which includes restricted share units and dividend equivalents.
• He also indirectly owns 24,290 shares through the Eversource 401k Plan.
• Additionally, Nolan holds 70,439 phantom shares under the Eversource Deferred Compensation Plan, each representing the right to receive one common share upon a distribution event after vesting.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation, tax planning, or portfolio diversification. The disposal of shares to cover tax obligations is a routine transaction.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

Eversource Energy, Joseph R. Nolan Jr., stock disposal, Form 4, tax withholding, common shares, phantom shares, 401k Plan, deferred compensation