Form 4: Public Service Enterprise Group Inc. Executive Kim C. Hanemann Reports Stock Transactions
SEC Form 4 Filing
Kim C. Hanemann, President and COO of PSE&G, reports acquisition and disposal of Public Service Enterprise Group Inc. common stock on February 28, 2025.
Summary
- On February 28, 2025, Kim C. Hanemann, President and COO of PSE&G, acquired 23,271.914 shares of Public Service Enterprise Group Inc. (PEG) common stock at a price of $81.04 per share.
- On the same day, Hanemann disposed of 11,904 shares at $81.04 per share.
- Following these transactions, Hanemann directly owns 85,665.43 shares of common stock and indirectly owns 8.6555 shares through a 401(k).
- The acquisition was related to the payment of vested Performance Share Units under the Long Term Incentive Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects routine stock transactions related to executive compensation.
Industry Context
This filing reflects routine transactions by a company executive related to equity compensation. It's common for executives to receive stock as part of their compensation and subsequently sell some shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock acquisition and disposal. |
| 03/04/2025 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.