Form 4: NiSource Director Henretta Acquires Shares Through Restricted Stock Units

Director Deborah A. Henretta acquired 6,042 shares of NiSource Inc. common stock through a restricted stock unit award, increasing her total holdings to 64,912.141 shares.

Summary

• On May 13, 2024, Deborah A. Henretta, a director of NiSource Inc., acquired 6,042 shares of common stock.
• The acquisition was through a restricted stock unit (RSU) award granted as part of the non-employee director's annual compensation.
• The RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.
• Each RSU represents a contingent right to receive one share of NiSource's common stock upon vesting, according to the company's 2020 Omnibus Plan.
• The price of the stock at the time of the transaction was $28.8 per share.
• Following the transaction, Henretta's total beneficial ownership of NiSource common stock is 64,912.141 shares, which includes RSUs received pursuant to the dividend equivalent provisions of the RSU awards.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction is a routine part of director compensation and indicates confidence from the director in the company's stock.

Positives

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

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 transaction reflects standard compensation practices for non-employee directors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with RSUs being a common component.
• The vesting schedule of one year is fairly standard for RSU grants.
• Comparing the size of this RSU grant to those of directors at peer utilities companies would provide further context.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates