BUTLER GREGORY B 4
Research Summary
AI-generated summary
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.