Form 4: Eversource Energy Executive VP Reports Stock Transactions

Gregory B. Butler, Executive VP & General Counsel of Eversource Energy, reports disposition of shares to cover tax obligations and holdings in 401(k) and deferred compensation plans.

Summary

• Gregory B. Butler, an Executive VP & General Counsel at Eversource Energy, filed a Form 4 detailing changes in beneficial ownership.
• On February 18, 2025, Mr. Butler disposed of 5,069 common shares at a price of $61.54 to satisfy tax withholding obligations.
• Following the transaction, Mr. Butler directly owns 73,267 common shares.
• He also indirectly owns 8,314 shares through the Eversource 401(k) Plan.
• Additionally, Mr. Butler holds 285 phantom shares through the Eversource Deferred Compensation Plan, each representing the right to receive one common share upon a distribution event.
• Additional phantom shares are issued upon the automatic reinvestment of dividend-equivalents and are exempt from the line item reporting under SEC rule 16a-11.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares disposed of to cover tax obligations.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Eversource Energy, Stock Transaction, Executive Compensation, Gregory B. Butler, ES