Form 4: NiSource Director William D. Johnson Acquires 6,042 Shares of Common Stock

Director William D. Johnson acquired 6,042 shares of NiSource Inc. common stock on May 13, 2024, as part of non-employee director compensation.

Summary

• On May 13, 2024, William D. Johnson, a director of NiSource Inc., acquired 6,042 shares of common stock.
• The acquisition was part of a restricted stock unit (RSU) award granted as non-employee director's annual compensation.
• The price of the stock at the time of the transaction 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, Johnson beneficially owns 18,921.736 shares of NiSource Inc. common stock, including RSUs received pursuant to dividend equivalent provisions.
• The transaction was filed on May 15, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard director compensation practice. It's neither overly positive nor negative.

Positives

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

Future Outlook

The RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions, indicating a future event related to the shares.

Industry Context

Director stock acquisitions are common in publicly traded companies as part of compensation packages and can reflect management's alignment with shareholder interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates