Form 4: NiSource Director McAvoy Reports Acquisition and Disposal of Common Stock

Director John McAvoy reports acquiring 927 shares of NiSource common stock and disposing of 939 shares in a recent transaction.

Summary

• On March 19, 2024, John McAvoy, a director of NiSource Inc., acquired 927 shares of common stock at a price of $26.84 per share.
• On the same day, McAvoy disposed of 939 shares of common stock.
• Following these transactions, McAvoy's beneficial ownership of NiSource common stock is 939 shares.
• The acquisition of 927 shares represents an award of restricted stock units (RSUs) granted as part of the non-employee director's annual compensation.
• The RSUs vest in full on the first anniversary of the grant date and represent a contingent right to receive one share of the company's common stock upon vesting pursuant to the company's 2020 Omnibus Plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

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.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.

Key Dates