Form 4: Public Service Enterprise Group Inc. Director LaRossa Reports Stock Sale
SEC Form 4 Filing
Ralph A. LaRossa, Chair, President, and CEO of Public Service Enterprise Group Inc., reported selling 1,374 shares of common stock at an average price of $69.5534 on May 1, 2024.
Summary
- On May 1, 2024, Ralph A. LaRossa, Chair, President, and CEO of Public Service Enterprise Group Inc. (PEG), sold 1,374 shares of common stock.
- The sale was executed at a weighted average price of $69.5534, with prices ranging from $68.5400 to $70.3300.
- Following the transaction, LaRossa directly owns 150,973.2833 shares of Public Service Enterprise Group Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically buy or sell shares of their company's stock. The disclosure is required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of the transaction: Ralph A. LaRossa sold 1,374 shares of common stock. |
| 05/02/2024 | Date of report signature. |
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