Form 4: NiSource Director Eric L. Butler Acquires 4,541 Shares of Common Stock

Director Eric L. Butler acquired 4,541 shares of NiSource Inc. common stock on May 12, 2025, as part of a restricted stock unit award.

Summary

• On May 12, 2025, Eric L. Butler, a director of NiSource Inc., acquired 4,541 shares of common stock.
• The acquisition was part of a restricted stock unit (RSU) award granted as part of the non-employee director's annual compensation.
• The price per share was $38.32.
• The RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.
• Following the transaction, Butler beneficially owns 63,751.695 shares of NiSource common stock, which includes RSUs received pursuant to dividend equivalent provisions.
• The transaction was reported on May 14, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction (stock award) for a company director. There are no explicit positive or negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

NiSource, Director, Eric L. Butler, Common Stock, Restricted Stock Units, RSU, Beneficial Ownership, Acquisition, Form 4, SEC