Form 4: NiSource EVP Donald Brown Sells Shares
SEC Form 4 Filing
Donald Eugene Brown, EVP & Chief Innovation Officer of NiSource Inc., sold 37,490 shares of common stock at an average price of $26.78 on March 6, 2024.
Summary
- On March 6, 2024, Donald Eugene Brown, the EVP & Chief Innovation Officer of NiSource Inc., sold 37,490 shares of NiSource common stock.
- The sale was executed at a weighted average price of $26.78 per share, with individual transactions ranging from $26.770 to $26.795.
- Following the transaction, Brown directly owns 195,855 shares of NiSource common stock.
- Brown also indirectly owns 2,471.1488 shares through the NiSource Inc. Retirement Savings Plan as of March 6, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a share sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of the transaction: sale of 37,490 shares of common stock. |
| 03/06/2024 | Shares acquired through the NiSource Inc. Retirement Savings Plan. |
| 03/07/2024 | Date of signature for 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.