Form 4: PSEG VP & Controller Boosts Stake via Equity Awards

Rose M. Chernick, PSEG's Vice President and Controller, increased her beneficial ownership of common stock through vested performance share units and restricted stock unit grants.

Summary

• Rose M. Chernick, Vice President and Controller, and a Director of Public Service Enterprise Group Inc. (PEG), reported transactions involving the company's common stock.
• Acquired 5,162.854 shares of common stock at $85.73 per share from the payment of vested Performance Share Units (PSUs) on February 24, 2026.
• Acquired an additional 2,320 shares of common stock at $86.24 per share as part of a 2026 Restricted Stock Unit (RSU) grant on February 24, 2026.
• Disposed of 1,792 shares of common stock at $85.73 per share on February 24, 2026, likely for tax withholding purposes related to the equity awards.
• Following these transactions, Chernick directly owns 43,775.6162 shares and indirectly owns 2,562.4507 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as it reflects an increase in insider ownership through compensation, aligning management's interests with shareholders, despite a portion being withheld for taxes.

Positives

• Increased insider ownership through the vesting of performance share units and a new restricted stock unit grant, demonstrating continued equity compensation.
• The acquisition of 7,482.854 shares (5,162.854 PSUs + 2,320 RSUs) aligns management's interests with long-term shareholder value.

Negatives

• Disposition of 1,792 shares, though likely for tax withholding, reduces the net increase in direct ownership from the equity awards.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that equity compensation, such as Performance Share Units and Restricted Stock Units, is a standard practice in the utility sector to align executive incentives with long-term company performance and shareholder value. These grants are typical for senior management roles like Vice President and Controller.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it aligns management's interests with long-term shareholder value.
• Employees: The equity grants demonstrate the company's compensation structure for senior executives.

Key Dates

Keywords

PSEG, PEG, Insider Trading, Form 4, Equity Compensation, Restricted Stock Units, Performance Share Units, Rose M. Chernick, Director, Vice President, Controller