Form 4: Director Peter Altabef Acquires NiSource Stock

Director Peter Altabef acquired 3,807 shares of NiSource Inc. common stock through a restricted stock unit award.

Summary

• Peter Altabef, a Director at NiSource Inc., acquired 3,807 shares of common stock on May 11, 2026.
• The acquisition was made through a restricted stock unit (RSU) award granted as part of his annual compensation as a non-employee director.
• These RSUs vest in full on the first anniversary of the grant date, subject to acceleration conditions.
• The reported value of the acquired shares was $47.03 per share.
• Following this transaction, Altabef beneficially owns 56,615.459 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation award and not a discretionary purchase or sale by an insider.

Positives

• Director acquisition of company stock can signal confidence in the company's future prospects.
• The acquisition is part of a standard compensation package for non-employee directors, indicating ongoing engagement.

Risks

• The RSUs are subject to vesting conditions and potential acceleration, meaning the ultimate ownership is contingent.
• The value of the shares is subject to market fluctuations between the grant date and vesting date.

Future Outlook

The restricted stock units are set to vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.

Industry Context

StockSavvy.ai notes that director stock awards are a common practice in the utility sector to align executive and shareholder interests. The acquisition by Director Altabef is consistent with industry norms for incentivizing long-term commitment.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively as a sign of commitment, but it is part of a compensation package rather than an open market purchase.
• Employees: The RSU award structure is typical for non-employee directors and does not directly impact employee compensation or benefits.
• Management: Aligns management incentives with shareholder value through equity awards.

Next Steps

• Vesting of restricted stock units on the first anniversary of the grant date.

Key Dates

Keywords

NiSource Inc., NI, Form 4, Insider Trading, Stock Acquisition, Restricted Stock Units, Director Compensation, Beneficial Ownership