Form 4: NiSource Director Hersman Receives Stock Award

Director Deborah Hersman acquired 4,541 shares of NiSource Inc. common stock through a restricted stock unit (RSU) award.

Summary

• On May 12, 2025, Deborah Hersman, a director of NiSource Inc., acquired 4,541 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.
• Following the transaction, Hersman beneficially owns 42,283.336 shares of NiSource common stock, including RSUs received pursuant to dividend equivalent provisions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The stock award is a standard practice and aligns director interests with shareholders. There are no immediate negative implications.

Positives

• The RSU award aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

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

Industry Context

Director compensation in the form of stock awards is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Companies like Duke Energy (DUK) and Exelon (EXC) also utilize stock awards as part of their director compensation packages.
• The vesting schedules and terms of these awards are generally comparable across the utility industry.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

NiSource, Director, Hersman, Stock, RSU, Restricted Stock Units, Beneficial Ownership, Compensation, Dividend Equivalents, Form 4