Form 4: NiSource Executive William Jefferson Jr. Reports Stock Transaction
SEC Form 4 Filing
William Jefferson Jr., EVP, Chief Op & Safety Officer of NiSource Inc., reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On July 1, 2024, William Jefferson Jr., EVP, Chief Op & Safety Officer of NiSource Inc., reported a transaction involving the disposition of 4,582 shares of common stock.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of the remaining shares granted pursuant to the 2022 Special Restricted Stock Unit award.
- The transaction was executed at a price of $28.7 per share.
- Following the transaction, Jefferson directly owns 37,493 shares of NiSource common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of stock transaction (disposal of shares). |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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