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

Director Peter Altabef acquired 4,541 shares of NiSource common stock on May 12, 2025, as part of non-employee director compensation.

Summary

• On May 12, 2025, Peter Altabef, 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 the non-employee director's annual compensation in the form of restricted stock units (RSUs).
• 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, Altabef beneficially owns 52,674.832 shares, which includes RSUs received through dividend equivalent provisions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and continued investment in the company.

Positives

• The acquisition reflects continued director investment in the company.
• The vesting schedule aligns director interests with long-term company performance.

Future Outlook

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

Industry Context

Director stock acquisitions are common and often tied to compensation packages, aligning management interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include stock options and restricted stock units to align their interests with shareholders, similar to practices at companies like Exelon and Duke Energy.
• The vesting schedule of one year is a fairly standard practice in the industry, comparable to vesting schedules at Southern Company and American Electric Power.

Stakeholder Impact

• The acquisition signals confidence in the company's future, potentially positively impacting shareholder sentiment.

Key Dates

Keywords

NiSource, Director, Peter Altabef, Stock Acquisition, Restricted Stock Units, Compensation, Form 4, Beneficial Ownership