Form 4: PSEG Director Barry H. Ostrowsky Reports Acquisition of Restricted Stock Units

Director Barry H. Ostrowsky reports the acquisition of 2,579 Restricted Stock Units (RSUs) of Public Service Enterprise Group Inc. (PSEG) on May 1, 2024.

Summary

• On May 1, 2024, Barry H. Ostrowsky, a director of Public Service Enterprise Group Inc. (PSEG), acquired 2,579 Restricted Stock Units (RSUs).
• These RSUs convert to common stock on a one-for-one basis and were granted under the PSEG 2021 Equity Compensation Plan For Outside Directors.
• The price of the underlying common stock was $69.81.
• The reporting person now beneficially owns 19,799.156 derivative securities.
• The RSUs are subject to forfeiture if the director leaves service and are paid in shares of common stock after termination of service.
• The reported amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing reflecting routine compensation practices. The director's acquisition of RSUs can be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs will convert to common stock upon termination of service, indicating a long-term alignment with the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence.

Key Dates