Form 4: NiSource Director Kevin Kabat Reports Acquisition of 4,541 Shares of Common Stock

Director Kevin Kabat reports acquiring 4,541 shares of NiSource common stock at $38.32 per share as part of director compensation.

Summary

• On May 12, 2025, Kevin Kabat, a director of NiSource Inc., acquired 4,541 shares of common stock at a price of $38.32 per share.
• This acquisition was part of 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.
• Following the transaction, Kabat beneficially owns 62,515.071 shares of NiSource common stock, which includes RSUs received pursuant to dividend equivalent provisions.
• The transaction was reported on May 14, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally viewed as a positive sign, indicating confidence in the company. However, it's a routine transaction related to compensation.

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

Directors receiving stock as part of their compensation is a common practice in publicly traded companies. This aligns their interests with those of the shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The size and structure of equity grants can vary significantly based on company size, industry, and individual director responsibilities.
• Comparing NiSource's director compensation practices to those of its peers (e.g., other utility companies) would provide a more complete picture of whether the RSU grant is in line with industry standards.

Stakeholder Impact

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

Key Dates

Keywords

NiSource, Director, Kevin Kabat, Stock Acquisition, RSU, Beneficial Ownership, Form 4, Compensation