Form 4: PSEG Executive Charles V. McFeaters Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Charles V. McFeaters, President & CNO of PSEG Nuclear, disposed of 585 shares of Public Service Enterprise Group Inc. (PEG) stock on January 2, 2025, to cover tax obligations.
Summary
- On January 2, 2025, Charles V. McFeaters, President & CNO of PSEG Nuclear, reported a transaction involving Public Service Enterprise Group Inc. (PEG) stock.
- McFeaters disposed of 585 shares of common stock at a price of $84.48 per share to satisfy tax obligations.
- Following the transaction, McFeaters directly owns 17,113.195 shares of PEG common stock and indirectly owns 7,354.6786 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock transaction by an executive to cover tax obligations. It doesn't indicate any positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing the public to see how executives are trading their own company's stock. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of stock transaction |
| 01/03/2025 | Date of signature on the Form 4 filing |
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