Form 4: PSEG COO Hanemann Reports Share Withholding for Taxes
Insider Transaction Report
Kim C. Hanemann, President and COO of Public Service Enterprise Group Inc., reported the withholding of 280 common shares to cover FICA tax obligations.
Summary
- Kim C. Hanemann, President and COO of PSE&G, reported an insider transaction involving Public Service Enterprise Group Inc. (PEG) common stock.
- On October 10, 2025, 280 shares of common stock were disposed of at a price of $80.65 per share.
- This transaction represents the withholding of shares by the Issuer to satisfy FICA taxes.
- Following this transaction, Hanemann directly beneficially owns 85,864.591 shares and indirectly owns 8.7946 shares through a 401(k) plan.
- The amount of beneficially owned securities includes accumulated dividend reinvestments that are exempt from Section 16 reporting.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary insider transaction related to tax withholding for equity compensation, which has no material impact on the company's operations or financial outlook.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine disclosure of an insider transaction, specifically a tax-related share withholding, which is a common administrative event in the utility sector and across publicly traded companies when equity compensation vests. It does not provide insights into broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal to no direct impact, as this is a routine administrative transaction for tax purposes and does not reflect a discretionary sale or change in management's confidence.
- Employees: No direct impact beyond the reporting person.
Key Dates
| Date | Description |
|---|---|
| 10/10/2025 | Date of transaction where 280 shares were disposed of for FICA taxes. |
| 10/15/2025 | Date the Form 4 was signed by Isabel Ryan, as Attorney-in-Fact for Kim C. Hanemann. |
Keywords
Public Service Enterprise Group, PSEG, PEG, Insider Transaction, Form 4, Share Withholding, FICA Taxes, Equity Compensation, Rule 10b5-1
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