Form 4: NiSource EVP & CFO Shawn Anderson Reports Changes in Beneficial Ownership

Shawn Anderson, EVP & CFO of NiSource Inc., reports changes in beneficial ownership of common stock due to vesting of stock units and shares withheld for tax obligations.

Summary

• On February 28, 2024, Shawn Anderson, EVP & CFO of NiSource Inc., reported changes in his beneficial ownership of the company's common stock.
• These changes include the acquisition of 19,355 shares due to the vesting of non-derivative performance stock units granted in 2021 at a price of $25.85 per share.
• An additional 3,479 shares were acquired due to the vesting of non-derivative special performance stock units granted in 2021, also at $25.85 per share.
• A total of 7,167 shares were withheld to satisfy tax obligations related to the vesting of the performance stock units.
• Another 1,491 shares were withheld to cover tax obligations from the vesting of the special performance stock units.
• Additionally, 1,914 shares were withheld to satisfy tax obligations related to the vesting of the 2021 Restricted Stock Unit award.
• Anderson's direct holdings after these transactions amount to 171,185.261 shares, and indirect holdings through the NiSource Inc. Retirement Savings Plan amount to 770.1398 shares.
• The report was filed on March 1, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and doesn't indicate any significant positive or negative developments for the company.

Positives

• The vesting of stock units indicates that performance targets were likely met, which is a positive signal.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading and provide investors with information about the buying and selling activities of company executives and directors.

Stakeholder Impact

• The vesting of stock units aligns management's interests with those of shareholders.

Key Dates