Form 4: Eversource Executive Sells 5,000 Shares Under 10b5-1 Plan
Insider Transaction Report
Eversource Energy's Executive VP & General Counsel, Gregory B. Butler, sold 5,000 common shares for $73.08 each on November 12, 2025, as part of a pre-arranged trading plan.
Summary
- Gregory B. Butler, Executive VP & General Counsel of Eversource Energy (ES), reported the sale of 5,000 common shares.
- The transaction occurred on November 12, 2025, at a price of $73.08 per share.
- The total value of the shares sold was $365,400.
- The sale was conducted pursuant to a Rule 10b5-1 trading plan, indicating it was pre-scheduled.
- Following the transaction, Mr. Butler directly beneficially owns 56,674 common shares.
- He also indirectly owns 8,590 common shares through a 401(k) Plan Trustee.
- Additionally, Mr. Butler holds 295 phantom shares under the Eversource Deferred Compensation Plan, a non-qualified plan.
Sentiment
Score: 5
Explanation: The filing is a standard insider transaction report (Form 4) detailing a pre-planned sale under Rule 10b5-1. It does not contain information that would typically indicate positive or negative sentiment regarding the company's operational performance or future prospects.
Positives
- The transaction was made pursuant to a Rule 10b5-1 plan, which suggests a pre-scheduled sale rather than a reaction to immediate company news, often viewed as a more neutral event by the market.
Negatives
- Insider selling, even when pre-planned, can sometimes be interpreted by some investors as a signal, though the impact of this specific transaction is likely minimal given the company's size and the executive's remaining holdings.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | An updated Power of Attorney was filed, authorizing James W. Hunt, III, Florence J. Iacono, and Kerry J. Tomasevich to execute and file various SEC forms (including Forms 144, 3, 4, 5, 10-K, and Registration Statements) on behalf of Gregory B. Butler. | 11/04/2025 | This streamlines the compliance process for the executive by delegating the administrative task of filing SEC documents to designated attorneys-in-fact, ensuring timely and accurate reporting. |
Stakeholder Impact
- Shareholders: The sale by an executive, even if pre-planned, might be noted by shareholders. However, the Rule 10b5-1 plan typically mitigates concerns about opportunistic selling. The transaction represents a small portion of the executive's total holdings and the company's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 11/04/2025 | Power of Attorney executed by Gregory B. Butler. |
| 11/12/2025 | Date of common share transaction by Gregory B. Butler. |
| 11/13/2025 | Date Form 4 was signed by attorney-in-fact. |
Keywords
Eversource Energy, ES, Gregory B. Butler, insider trading, stock sale, Form 4, executive compensation, Rule 10b5-1
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