Form 4: NiSource Director William D. Johnson Acquires Shares Through Restricted Stock Unit Award

Director William D. Johnson acquired 4,541 shares of NiSource Inc. common stock through a restricted stock unit (RSU) award on May 12, 2025.

Summary

• On May 12, 2025, William D. Johnson, 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 of the transaction was $38.32 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 24,008.651 shares of NiSource Inc. common stock, which includes RSUs received pursuant to dividend equivalent provisions.
• The reporting was filed on May 14, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard director compensation practice, and the acquisition of shares can be seen as a sign of confidence in the company.

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 tied to continued service or other conditions.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages and can reflect management's alignment with shareholder interests. This is a standard practice for aligning director compensation with company performance.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units, and other equity-based awards to align their interests with those of shareholders.
• Companies like Duke Energy, Southern Company, and Exelon also utilize similar equity-based compensation for their directors.
• The vesting schedules and terms of these awards are generally comparable across the utility industry.

Stakeholder Impact

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

Next Steps

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

Key Dates

Keywords

NiSource, Director, William D. Johnson, RSU, Restricted Stock Units, Beneficial Ownership, Form 4, Acquisition, Shares, Compensation