Form 4: Public Service Enterprise Group Executive Kim C. Hanemann Reports Stock Disposal

Kim C. Hanemann, President and COO of PSE&G, reports the disposal of 1,101 shares of Public Service Enterprise Group Inc. common stock to cover tax obligations.

Summary

• On February 13, 2025, Kim C. Hanemann, President and COO of PSE&G, disposed of 1,101 shares of Public Service Enterprise Group Inc. (PEG) common stock.
• The transaction was executed at a price of $83.3 per share.
• This disposal was likely to cover tax obligations related to vesting equity.
• Following the transaction, Hanemann directly owns 74,297.516 shares of PEG common stock.
• Hanemann also indirectly owns 8.6481 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock disposal, likely for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares by an executive.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates

Keywords

Form 4, Beneficial Ownership, Kim C. Hanemann, Public Service Enterprise Group, PEG, Stock Disposal, Insider Trading