Form 4: NiSource Director Theodore H. Bunting Jr. Reports Acquisition of 4,541 Shares of Common Stock

Director Theodore H. Bunting Jr. reports acquiring 4,541 shares of NiSource Inc. common stock through a restricted stock unit (RSU) award.

Summary

• On May 12, 2025, Theodore H. Bunting Jr., 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 price per share was $38.32.
• The RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.
• The RSUs represent 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, Bunting directly owns 45,834.02 shares of NiSource common stock, which includes RSUs received pursuant to dividend equivalent provisions.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director, which doesn't inherently indicate positive or negative sentiment but suggests alignment with the company's interests.

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide investors with insights into the actions of company insiders, such as directors, and their confidence in the company's stock.

Stakeholder Impact

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

Next Steps

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

Key Dates

Keywords

NiSource, Director, Theodore H. Bunting Jr., Common Stock, RSU, Restricted Stock Units, Beneficial Ownership, Form 4, SEC