Form 4: NiSource Inc. Executive Sells Shares to Cover Tax Obligations

NiSource Inc.'s EVP & CFO, Shawn Anderson, sold 7,542 shares of common stock to cover tax obligations related to a restricted stock unit vesting.

Summary

• Shawn Anderson, EVP & CFO of NiSource Inc., sold 7,542 shares of common stock on January 24, 2025.
• The sale was executed at a price of $37.76 per share.
• This transaction was to cover tax withholding obligations related to the partial vesting of a 2024 Special Restricted Stock Unit award.
• Following the transaction, Anderson directly owns 166,969.979 shares of NiSource common stock.
• Anderson also indirectly owns 785.911 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

Executive share sales are a common occurrence, especially around vesting periods for stock-based compensation. This transaction is not unusual and is likely a routine part of executive compensation management.

Comparison to Industry Standards

• Executive share sales to cover tax obligations are a standard practice across publicly traded companies.
• Similar transactions are regularly reported by executives at comparable utility companies such as Duke Energy, Southern Company, and Exelon.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

NiSource Inc., Shawn Anderson, Executive Share Sale, Form 4, Restricted Stock Unit, Tax Withholding, Insider Trading