Form 4: NiSource Director Kevin T. Kabat Reports Acquisition of 6,042 Shares of Common Stock

Director Kevin T. Kabat reports acquiring 6,042 shares of NiSource Inc. common stock through a restricted stock unit award.

Summary

• On May 13, 2024, Kevin T. Kabat, a director of NiSource Inc., acquired 6,042 shares of common stock.
• The acquisition was due to an award of restricted stock units (RSUs) granted as part of the non-employee director's annual compensation.
• The price of the stock at the time of the transaction was $28.8 per share.
• The RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.
• RSUs represent a contingent right to receive one share of the Company's common stock upon vesting pursuant to the Company's 2020 Omnibus Plan.
• Following the reported transaction, Kabat beneficially owns 57,781.314 shares of NiSource Inc. common stock, including RSUs received pursuant to the dividend equivalent provisions of the RSU awards.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance for the company.

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, representing a future potential increase in Kabat's holdings.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the compensation and holdings of a key director.

Key Dates