Form 4: PSEG Executive Charles V. McFeaters Reports Stock Grant and Holdings

Charles V. McFeaters, President & CNO of PSEG Nuclear, reports acquisition of shares through a restricted stock unit grant and discloses beneficial ownership.

Summary

• Charles V. McFeaters, President & CNO of PSEG Nuclear, filed a Form 4 on February 12, 2025.
• The report details a transaction on February 11, 2025, where McFeaters acquired 4,656 shares of PSEG common stock through a restricted stock unit grant at a price of $83.77.
• Following the transaction, McFeaters directly owns 21,866.925 shares of common stock and indirectly owns 7,356.6878 shares through a 401(k).
• The grant was made under the 2021 Long-Term Incentive Plan.
• The reported amount includes accumulated dividend reinvestments that are exempt from Section 16 reporting requirements.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing detailing stock transactions. The acquisition of shares by an executive is generally viewed as a slightly positive signal.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, PSEG, McFeaters, Stock Grant, Beneficial Ownership, Restricted Stock Unit, Insider Trading