CHODAK PAUL III 4
4 · EVERSOURCE ENERGY · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Eversource (ES) EVP/COO Paul Chodak Receives RSU Award
What Happened
Paul Chodak III, EVP and COO of Eversource Energy, was granted two equity awards on January 27, 2026: 7,795 restricted share units (RSUs) and 6,067 RSUs (total 13,862 RSUs). Both grants were recorded at $0.00 (award grants), with awards convertible one-for-one into Eversource common shares when they vest. These are compensation awards rather than purchases or sales.
Key Details
- Transaction date: January 27, 2026 (filed January 29, 2026 — timely filing).
- Grant amounts and prices: 7,795 RSUs @ $0.00 and 6,067 RSUs @ $0.00 (total 13,862 RSUs).
- Vesting: RSUs vest in three equal installments on Feb 15, 2027, Feb 15, 2028, and Feb 15, 2029 (per footnote F1).
- Dividend equivalents: RSU holders receive dividend equivalents to the same extent as common-share dividends; these are exempt from line-item reporting under SEC Rule 16a-11 (F1/F2).
- Performance award note: Footnote indicates performance shares/dividend equivalents for the 2023–2025 Long-Term Incentive Program were determined on Jan 27, 2026 (F3).
- Shares owned after transaction: Not specified in this filing.
- Transaction code: A = Award/Grant (compensation), not a purchase or sale.
Context
RSU grants are a routine form of executive compensation intended for retention and alignment with shareholders. Because these are awards (not purchases), they don't represent an immediate buy/sell signal. Vesting over multiple years means the economic benefit depends on continued employment and future share delivery.
Insider Transaction Report
- Award
Common Shares, $5.00 par value
[F1][F2]2026-01-27+7,795→ 41,971 total - Award
Common Shares, $5.00 par value
[F3][F2]2026-01-27+6,067→ 48,038 total
- 496(indirect: By 401(k))
Common Shares, $5.00 par value
[F4]
Footnotes (4)
- [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.