Form 4: NiSource Inc. Director Yates Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Lloyd M. Yates reports acquisition and disposal of NiSource Inc. common stock related to vesting of performance stock units and restricted stock units.
Summary
- On February 28, 2025, Lloyd M. Yates, a director and President & CEO of NiSource Inc., reported changes in beneficial ownership of the company's common stock.
- Yates acquired 233,689 shares of common stock at a price of $40.81 related to the vesting of non-derivative performance stock units granted in 2022.
- He also disposed of 96,164 shares and 12,653 shares to satisfy tax withholding obligations related to the vesting of performance stock units and restricted stock units, respectively, both at a price of $40.81.
- Following these transactions, Yates beneficially owns 367,791.6988 shares of NiSource Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: acquisition and disposal of shares. |
| 03/04/2025 | Date of signature by Attorney-in-Fact. |
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.