Form 4: PSEG Executive Thigpen Reports Tax-Related Stock Disposition

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

Summary

• Richard T. Thigpen, SVP Corporate Citizenship at Public Service Enterprise Group Inc. (PEG), reported two dispositions of common stock.
• On February 10, 2026, 136 shares were disposed of at a price of $82.31 per share.
• On February 11, 2026, an additional 101 shares were disposed of at a price of $82.31 per share.
• These transactions were withholdings by the issuer to satisfy FICA tax liabilities, as indicated by the transaction code 'F'.
• Following these transactions, Thigpen beneficially owns 25,275.029 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax-related disposition of shares rather than a discretionary sale or purchase by an insider.

Positives

• The transactions represent a routine tax withholding event, indicating the vesting of equity compensation, which is a common and generally positive aspect of executive remuneration and retention.

Negatives

• The disposition of shares, while for tax purposes, reduces the insider's direct beneficial ownership of common stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine tax-related dispositions of equity compensation are common across all industries for executives receiving stock-based awards, reflecting standard compensation practices rather than a specific industry trend.

Comparison to Industry Standards

• This type of transaction is standard practice for executives in publicly traded companies across various sectors, including utilities like PSEG, who receive equity compensation.
• It aligns with typical tax compliance mechanisms for vested stock awards and does not indicate any deviation from global benchmarks for executive compensation practices.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction, not a discretionary sale indicating a change in insider sentiment.
• Employees: Reflects the vesting of equity compensation for an executive, which is a common component of executive pay packages.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares by an insider to cover tax obligations upon the vesting of equity compensation. Such transactions are standard practice and do not typically signal a change in the company's fundamentals or the insider's long-term view of the stock. Therefore, it provides no new information that would warrant a change in an investor's current position, leading to a 'hold' recommendation.

Keywords

PSEG, PEG, Richard T. Thigpen, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Corporate Citizenship, Equity Compensation