Form 4: NiSource CFO's Stock Transaction for Tax Obligations

NiSource EVP & CFO Shawn Anderson reported a disposition of 7,839 common shares to cover tax obligations related to a restricted stock unit award.

Summary

• Shawn Anderson, Executive Vice President and Chief Financial Officer of NiSource Inc. (NI), reported a transaction on January 26, 2026.
• 7,839 shares of NiSource common stock were disposed of at a price of $43.91 per share.
• This disposition was made to satisfy tax withholding obligations in connection with the partial vesting of a 2024 Special Restricted Stock Unit award.
• Following this transaction, Anderson directly beneficially owns 148,801.581 shares, which includes shares acquired through dividend reinvestments.
• Anderson also indirectly beneficially owns 806.7779 shares through the NiSource Inc. Retirement Savings Plan as of January 26, 2026.

Sentiment

Score: 5

Explanation: This is a routine, non-discretionary transaction for tax purposes, reflecting neither positive nor negative sentiment about the company's operational performance or future prospects.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing common across all industries for executives receiving equity compensation. It does not reflect specific industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction by an executive and not indicative of significant operational or strategic changes.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary transaction by an executive to cover tax obligations related to equity compensation. It does not provide new information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'Hold' recommendation is appropriate, maintaining the current stance based on broader company fundamentals.

Keywords

NiSource, NI, Shawn Anderson, Form 4, insider transaction, stock disposition, tax withholding, restricted stock unit, executive compensation