Form 4: NiSource EVP & CFO Shawn Anderson Reports Stock Transaction
SEC Form 4 Filing
Shawn Anderson, EVP & CFO of NiSource Inc., reports the disposition of 7,320 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On January 28, 2025, Shawn Anderson, the EVP & CFO of NiSource Inc., disposed of 7,320 shares of common stock to satisfy tax withholding obligations related to the vesting of a 2022 Special Restricted Stock Unit award.
- The shares were disposed of at a price of $36.42 per share.
- Following the transaction, Anderson directly owns 159,649.979 shares of NiSource common stock and indirectly owns 786.3969 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations. It doesn't inherently signal positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal following the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of stock transaction (disposal of shares). |
| 01/30/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.