Conner Penelope M 4

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.