Form 4: NiSource Director Peter Altabef Acquires 6,042 Shares of Common Stock

Director Peter Altabef acquired 6,042 shares of NiSource common stock on May 13, 2024, as part of non-employee director compensation.

Summary

• On May 13, 2024, Peter Altabef, a director of NiSource Inc., acquired 6,042 shares of common stock.
• The acquisition was part of an award of restricted stock units (RSUs) granted as part of the non-employee director's annual compensation.
• The price of the stock was $28.8 per share.
• The RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.
• Following the transaction, Altabef beneficially owns 47,941.279 shares of NiSource common stock, which includes RSUs received pursuant to dividend equivalent provisions.
• The 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. While insider buying can be seen as positive, this is part of a pre-determined compensation plan.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

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 standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates