Form 4: Public Service Enterprise Group SVP Richard T. Thigpen Reports Stock Transactions

Richard T. Thigpen, SVP of Corporate Citizenship at Public Service Enterprise Group Inc., reports acquisition and disposal of common stock and phantom stock units.

Summary

• Richard T. Thigpen, a Senior Vice President at Public Service Enterprise Group Inc. (PEG), filed a Form 4 detailing changes in beneficial ownership.
• On February 28, 2025, Thigpen acquired 4,028.908 shares of common stock at a price of $81.04 per share.
• On the same day, Thigpen disposed of 1,380 shares of common stock at $81.04.
• Following these transactions, Thigpen directly owns 30,387.57 shares of common stock.
• Additionally, Thigpen acquired 4,027.104 phantom stock units, which convert to common stock on a one-for-one basis, related to the Long Term Incentive Plan (LTIP).
• These phantom stock units represent the share equivalent of vested amounts deferred under the Equity Deferral Plan.

Sentiment

Score: 5

Explanation: This is a routine filing of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Future Outlook

There is no future outlook provided in this document.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions by a key executive at Public Service Enterprise Group, offering insights into their perspective on the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates