Form 4: PSEG Director John Surma Reports Stock Unit Transaction

PSEG Director John P. Surma reported a transaction involving restricted stock units converting to common stock.

Summary

• John P. Surma, a Director at Public Service Enterprise Group Inc. (PEG), filed a Form 4 statement detailing a transaction.
• The transaction involved the conversion of 2,246 Restricted Stock Units (RSUs) into 2,246 shares of Common Stock.
• This conversion occurred on May 1, 2026, with a reported price of $80.15 per share.
• Following the transaction, Mr. Surma beneficially owns 16,586.783 shares of Common Stock directly.
• The RSUs are part of the PSEG 2021 Equity Compensation Plan for Outside Directors and convert on a one-for-one basis.
• These RSUs are subject to forfeiture if a director leaves service and are paid in shares of common stock after termination.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine conversion of equity compensation rather than a new investment or divestment decision.

Positives

• Director John P. Surma's beneficial ownership of PSEG common stock has increased through the conversion of restricted stock units.
• The conversion of 2,246 RSUs into common stock indicates a vested interest in the company's equity.

Risks

• Restricted Stock Units are subject to forfeiture if a director leaves service before vesting or payment.
• The value of the shares is subject to market fluctuations and the company's performance.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. It details a past transaction and current ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, reflecting compensation structures and insider confidence. The conversion of RSUs is a common practice for directors and executives to receive equity compensation.

Stakeholder Impact

• Shareholders: The transaction reflects the compensation structure for directors and the conversion of equity awards into actual shares, which can impact outstanding share counts.
• Directors: Confirms the receipt and conversion of equity compensation as part of their role.
• Employees: The PSEG 2021 Equity Compensation Plan is mentioned, indicating a broader framework for employee and director incentives.

Key Dates

Keywords

Form 4, SEC Filing, PSEG, John Surma, Director, Restricted Stock Units, Common Stock, Equity Compensation, Beneficial Ownership