Conner Penelope M 4
4 · EVERSOURCE ENERGY · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Eversource (ES) EVP Penelope Conner Receives RSU Award
What Happened
Penelope M. Conner, EVP — Customer Experience & Energy Strategy at Eversource Energy (ES), received two equity awards on January 27, 2026: 3,194 and 3,322 restricted share units (RSUs), for a total of 6,516 RSUs. Both grants were reported as acquisitions at $0.00 (award grants), i.e., compensation awards rather than open-market purchases.
Key Details
- Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (timely filing).
- Grants: 3,194 RSUs and 3,322 RSUs; total = 6,516 RSUs; reported acquisition price = $0.00.
- Vesting: RSUs vest in three equal installments on February 15, 2027, 2028 and 2029 (F1). RSUs convert one-for-one to common shares upon distribution.
- Performance component: Includes performance shares and dividend-equivalent shares for the 2023–2025 Long‑Term Incentive program as determined January 27, 2026 (F3).
- Dividend equivalents: RSU holders are entitled to dividend equivalents (exempt from line-item reporting under SEC Rule 16a-11) (F1, F2).
- Shares owned after transaction: Not disclosed on the Form 4.
- Transaction code: A = Award/Grant (compensation).
Context
This was an equity compensation grant (RSUs and performance shares), a routine executive award—different from an open‑market purchase or sale. RSUs vest over future dates, so they do not represent immediately tradable shares; they become company stock only as they vest and are distributed. For investors, such grants reflect compensation structure rather than a direct insider buy or sell signal.
Insider Transaction Report
- Award
Common Shares, $5.00 par value
[F1][F2]2026-01-27+3,194→ 10,729 total - Award
Common Shares, $5.00 par value
[F3][F2]2026-01-27+3,322→ 14,051 total
- 1,056(indirect: By Trust)
Common Shares, $5.00 par value
[F4] - 17,127
Phantom Shares
[F5]→ Common Shares, $5.00 par value (17,127 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.