BUTLER GREGORY B 4
4 · EVERSOURCE ENERGY · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Eversource (ES) EVP & General Counsel Gregory Butler Receives RSU Award
What Happened
Gregory B. Butler, Executive Vice President & General Counsel of Eversource Energy (ES), was granted a total of 11,776 restricted share units (RSUs) on January 27, 2026 (two award entries of 5,037 and 6,739 units). The awards are recorded at $0.00 per share because they are equity grants, not purchases; no cash changed hands. Per the filing, the RSUs and related performance/dividend-equivalent shares were determined on Jan 27, 2026.
Key Details
- Transaction date: January 27, 2026 (reported on Form 4 filed January 29, 2026). Filing appears timely.
- Award type/code: A = Grant/Award (restricted share units and related performance/dividend-equivalent shares).
- Shares granted: 5,037 RSUs and 6,739 RSUs, total 11,776 RSUs; price per unit reported $0.00.
- Vesting: RSUs vest in three equal installments on Feb 15 of 2027, 2028 and 2029 (footnote F1). RSUs convert one-for-one into common shares at distribution.
- Performance component: Some shares reflect performance shares and dividend equivalents for the 2023–2025 LTI cycle as determined on Jan 27, 2026 (footnote F3).
- Dividend equivalents: RSU holders are entitled to dividend equivalents; these are added to units and are exempt from separate line-item reporting under SEC Rule 16a-11 (footnote F1/F2).
- Shares owned after transaction: Not specified in the provided filing extract.
Context
RSU awards are compensation, not open‑market purchases or sales, so they reflect company pay practices rather than immediate insider buying/selling sentiment. Vesting and performance conditions determine eventual share delivery; until vested, the units are subject to plan terms and potential forfeiture.
Insider Transaction Report
- Award
Common Shares, $5.00 par value
[F1][F2]2026-01-27+5,037→ 61,846 total - Award
Common Shares, $5.00 par value
[F3][F2]2026-01-27+6,739→ 68,585 total
- 8,714(indirect: By Trust)
Common Shares, $5.00 par value
[F4] - 298
Phantom Shares
[F5]→ Common Shares, $5.00 par value (298 underlying)
Footnotes (5)
- [F1]Grant of restricted share units (RSUs) which vest in three equal installments on February 15, 2027, 2028 and 2029. Restricted share units are distributable in Eversource Energy common shares on a one-for-one basis. RSU holders are entitled to receive dividend equivalents, exempt from line item reporting under SEC Rule 16a-11, to the same extent dividends are paid on common shares.
- [F2]Includes restricted share units and dividend equivalents thereon.
- [F3]Performance shares and dividend equivalent shares for the 2023-2025 Long-Term Incentive Program as determined on January 27, 2026.
- [F4]Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
- [F5]Reporting Person's deferred compensation under the Eversource Deferred Compensation Plan, a non-qualified plan, that is nominally invested as common shares. Each phantom share represents the right to receive one common share upon a distribution event, following vesting. Additional phantom shares are issued upon the automatic reinvestment of dividend-equivalents and are exempt from the line item reporting under SEC rule 16a-11.