Form 4: PSEG Executive Reports Routine Stock Disposition

Richard T. Thigpen, SVP Corporate Citizenship at Public Service Enterprise Group Inc., reported a disposition of 65 common shares to cover FICA tax obligations.

Summary

• Richard T. Thigpen, SVP Corporate Citizenship of Public Service Enterprise Group Inc. (PEG), reported a transaction on October 10, 2025.
• The transaction involved the disposition of 65 shares of Common Stock at a price of $80.65 per share.
• This disposition was a withholding of shares by the Issuer to satisfy FICA taxes.
• Following this transaction, Thigpen beneficially owns 31,053.58 shares of Common Stock, which includes accumulated dividend reinvestments exempt from Section 16.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction related to tax obligations, which is neutral in sentiment and does not indicate positive or negative operational or financial performance.

Positives

• The transaction is a routine tax withholding, indicating compliance with tax obligations.
• The reporting person continues to hold a significant number of shares (31,053.58), demonstrating continued alignment with shareholder interests.

Negatives

• A reduction in direct share ownership, albeit for tax purposes, slightly decreases the insider's direct stake.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This routine insider transaction, specifically a tax-related share withholding, is common across all industries and does not reflect broader industry trends or competitive dynamics for the utility sector.

Comparison to Industry Standards

• This type of transaction (share withholding for tax purposes) is a standard practice for executive compensation and tax compliance across publicly traded companies globally. It does not provide specific comparable company or project results.

Stakeholder Impact

• Shareholders: Minimal impact as it is a routine tax-related transaction and the insider retains a significant stake.
• Employees: No direct impact on general employees.
• Management: Reflects standard compensation and tax compliance for the reporting executive.

Key Dates

Keywords

Public Service Enterprise Group, PEG, Richard T. Thigpen, Insider Transaction, Form 4, Stock Disposition, FICA Taxes, Common Stock