Form 4: NiSource Director Sondra L. Barbour Acquires Shares Through Restricted Stock Units

Director Sondra L. Barbour acquired 4,541 shares of NiSource Inc. common stock through a restricted stock unit award.

Summary

• On May 12, 2025, Sondra L. Barbour, a director of NiSource Inc., acquired 4,541 shares of common stock.
• The acquisition was through a restricted stock unit (RSU) award granted as part of the non-employee director's annual compensation.
• 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.
• The price of the stock at the time of the transaction was $38.32 per share.
• Following the transaction, Barbour beneficially owns 24,754.48 shares of NiSource Inc.
• This amount includes RSUs received pursuant to the dividend equivalent provisions of the RSU awards, and which are subject to the same vesting conditions as the underlying RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (director share acquisition) that signals confidence but doesn't contain groundbreaking news.

Positives

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

Future Outlook

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

Industry Context

Director share acquisitions are common and are viewed as a way to align the interests of company leadership with those of shareholders. The use of RSUs is a typical form of compensation for directors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with equity awards like RSUs being a standard component.
• Companies like Duke Energy (DUK) and Exelon (EXC) also utilize equity-based compensation for their directors.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

NiSource, Director, Barbour, Stock, RSU, Restricted Stock Units, Beneficial Ownership, Form 4, Acquisition