Form 4: NiSource EVP Melody Birmingham Reports Stock Transactions

Melody Birmingham, EVP & Group President, Utilities at NiSource Inc., reports acquisition and disposal of common stock related to vesting of performance stock units and tax obligations.

Summary

• On February 28, 2025, Melody Birmingham, EVP & Group President, Utilities at NiSource Inc., reported transactions involving the company's common stock.
• She acquired 63,228 shares at a price of $40.81 related to the vesting of non-derivative performance stock units granted in 2022.
• She disposed of 27,416 shares at $40.81 to satisfy tax withholding obligations related to the vesting of performance stock units.
• An additional 3,608 shares were disposed of at $40.81 to cover tax obligations related to the vesting of the 2022 Restricted Stock Unit award.
• Following these transactions, Birmingham beneficially owns 82,595.984 shares of NiSource common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are related to standard executive compensation practices (vesting and tax withholding). There is no indication of unusual activity or concern.

Positives

• The acquisition of shares indicates vesting of performance stock units, which could be seen as a positive reflection of the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates