Form 4: NiSource Inc. Executive Kimberly S. Cuccia Reports Changes in Beneficial Ownership

Kimberly S. Cuccia, EVP, GC & Corporate Secretary of NiSource Inc., reports transactions involving common stock, including acquisitions from performance stock unit vesting and shares withheld for tax obligations.

Summary

• On February 28, 2025, Kimberly S. Cuccia, an executive at NiSource Inc., reported changes in beneficial ownership of the company's common stock.
• These changes include the acquisition of 17,868 shares at $40.81 due to the vesting of non-derivative performance stock units granted in 2022.
• Additionally, 6,610 shares were disposed of at $40.81 to satisfy tax withholding obligations related to the vesting of performance stock units.
• Another 2,226 shares were disposed of at $40.81 to cover tax obligations from the vesting of 2022 Restricted Stock Unit awards.
• Cuccia also reported owning 3,768.9376 shares indirectly through the NiSource Inc. Retirement Savings Plan.
• Following these transactions, Cuccia directly owns 49,247 shares of NiSource Inc. common stock and indirectly owns 3,768.9376 shares through the retirement plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There's no indication of unusual activity or significant concerns.

Positives

• The vesting of performance stock units indicates that performance goals were likely met, which is a positive signal.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting of performance-based equity awards is a common practice in the utility industry, as it incentivizes executives to achieve specific operational and financial targets.
• Companies like NextEra Energy, Duke Energy, and Southern Company also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.

Key Dates