Form 4: NiSource Director Lee Acquires 4,541 Shares of Common Stock

Director Cassandra S. Lee acquired 4,541 shares of NiSource Inc. common stock at $38.32 per share as part of her annual compensation.

Summary

• On May 12, 2025, Cassandra S. Lee, 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.
• Lee now beneficially owns 24,537.072 shares of NiSource common stock, including 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. It reflects a standard director compensation practice, which is generally viewed favorably as it aligns director interests with shareholders.

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, indicating a future event tied to continued service or other conditions.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages and are often viewed as a way to align the interests of management with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to incentivize performance and align interests with shareholders.
• The vesting schedule of one year is fairly standard for RSU grants.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively, as it signals confidence in the company's future.

Key Dates

Keywords

NiSource, Director, Cassandra S. Lee, Common Stock, Restricted Stock Units, RSU, Beneficial Ownership, Compensation, Dividend Equivalent