Form 4: PSEG Director Ricardo G. Perez Reports Acquisition of Restricted Stock Units

Director Ricardo G. Perez reports acquisition of restricted stock units in Public Service Enterprise Group Inc.

Summary

• Ricardo G. Perez, a director of Public Service Enterprise Group Inc. (PEG), filed a Form 4 on May 2, 2025, reporting a transaction that occurred on May 1, 2025.
• The transaction involved the acquisition of 2,289 Restricted Stock Units (RSUs) which convert to common stock on a one-for-one basis.
• These RSUs were granted under the PSEG 2021 Equity Compensation Plan For Outside Directors.
• The price of the derivative security is $78.66.
• Following the reported transaction, Perez beneficially owns 4,945.25 derivative securities, including accumulated dividend reinvestment equivalents.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of RSUs aligns the director's interests with those of the shareholders.
• The equity compensation plan incentivizes directors to contribute to the long-term success of the company.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects standard practices for aligning director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across publicly traded companies, particularly in the utility sector.
• Companies like Duke Energy (DUK) and Exelon Corporation (EXC) also utilize restricted stock units as part of their director compensation packages.
• The specific terms and amounts of these grants vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Restricted Stock Units, PSEG, Director, Equity Compensation, Beneficial Ownership, PEG, Ricardo G. Perez