NOLAN JOSEPH R JR 4
4 · EVERSOURCE ENERGY · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Eversource (ES) CEO Joseph Nolan Receives Stock Award
What Happened
Joseph R. Nolan Jr., Eversource Energy’s Chairman, President & CEO, was awarded a total of 75,775 equity units on January 27, 2026: 36,089 restricted share units (RSUs) and 39,686 performance/share-equivalent units. Both grants were reported as acquisitions at $0.00 (awards/grants), i.e., these are compensation awards rather than open-market purchases.
Key Details
- Transaction date: 2026-01-27; Filing date: 2026-01-29 (Form 4) — filing appears timely.
- Awards: 36,089 RSUs (F1/F2) and 39,686 performance shares/performance-based units (F3); total 75,775 units.
- Reported price: $0.00 (grant/award). Total cash value not stated in the filing.
- Shares owned after transaction: not specified in the information provided.
- Relevant footnotes: F1 (RSUs vest in three equal installments on Feb 15, 2027, 2028, 2029; RSUs convert one-for-one to common shares and accrue dividend equivalents), F2 (counts include dividend equivalents), F3 (performance shares for the 2023–2025 long-term incentive program were determined on Jan 27, 2026).
Context
RSUs are time-based awards that convert to actual common shares on vesting (one share per RSU) and typically include dividend equivalents; performance shares depend on achievement of performance goals and were finalized for the 2023–2025 cycle on the grant date. These types of awards are common executive compensation and are not the same as an open-market purchase (they do not necessarily signal immediate bullish buying).
Insider Transaction Report
- Award
Common Shares, $5.00 par value
[F1][F2]2026-01-27+36,089→ 176,022 total - Award
Common Shares, $5.00 par value
[F3][F2]2026-01-27+39,686→ 215,708 total
- 25,363(indirect: By 401(k))
Common Shares, $5.00 par value
[F4] - 73,713
Phantom Shares
[F5]→ Common Shares, $5.00 par value (73,713 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.