Form 4: NiSource Director William Johnson Acquires RSUs

NiSource Inc. director William D. Johnson acquired restricted stock units (RSUs) as part of his annual compensation, with details of the transaction filed on May 13, 2026.

Summary

• William D. Johnson, a Director at NiSource Inc., acquired 3,807 restricted stock units (RSUs) on May 11, 2026.
• These RSUs were granted as part of his annual compensation for non-employee directors.
• The RSUs vest in full on the first anniversary of the grant date, subject to acceleration conditions.
• Each RSU represents a contingent right to receive one share of NiSource's common stock upon vesting.
• The reported acquisition includes RSUs received through dividend equivalent provisions, which share the same vesting conditions.
• Following this transaction, Johnson beneficially owns 28,431.355 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine director compensation and does not indicate significant positive or negative developments for the company.

Positives

• Director compensation awarded in equity (RSUs) aligns management interests with shareholders.
• The acquisition of RSUs by a director indicates continued commitment and confidence in the company.
• The vesting schedule provides a retention incentive for the director.

Negatives

• The filing does not provide information on the market value of the RSUs at the time of grant, only the price at which they were acquired (which appears to be a nominal value for reporting purposes).
• The filing is a standard Form 4, indicating routine compensation rather than significant strategic developments.

Risks

• The value of the RSUs is subject to market fluctuations in NiSource's stock price.
• Vesting is contingent on continued service and subject to specific acceleration conditions, which could lead to forfeiture if not met.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a statement of changes in beneficial ownership.

Industry Context

StockSavvy.ai notes that the issuance of RSUs to non-employee directors is a common practice in the utility sector to align director compensation with long-term shareholder value and company performance.

Stakeholder Impact

• Shareholders: The alignment of director compensation with company stock performance can be viewed positively, as it incentivizes directors to act in the best interest of shareholders.
• Directors: The RSUs represent a form of compensation and potential future value for the director.

Next Steps

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

Key Dates

Keywords

NiSource Inc., NI, Form 4, William D. Johnson, Director, Restricted Stock Units, RSU, Compensation, Beneficial Ownership, SEC Filing