CHODAK PAUL III 4
Research Summary
AI-generated summary
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.
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