Sgroi Susan 4
Research Summary
AI-generated summary
Eversource (ES) EVP Susan Sgroi Receives RSU Award
What Happened
- Susan Sgroi, Executive Vice President, HR & IT at Eversource Energy, received a grant of 4,270 restricted share units (RSUs) on 2026-01-27. The units were awarded at $0.00 (no cash paid) and are distributable one-for-one in Eversource common shares. This was a compensation award (A), not an open-market purchase or sale, and includes dividend equivalents (exempt from line-item reporting under Rule 16a-11).
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (covers the Jan 27 transaction).
- Award: 4,270 RSUs; acquisition price reported as $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: RSUs vest in three equal installments on Feb 15, 2027, 2028 and 2029; distributable one-for-one in common shares; dividend equivalents paid to the same extent as common dividends.
- F2: Holdings reported include RSUs and dividend equivalents.
- F3: Some shares are held in trust under the Eversource 401(k) Plan per the plan record keeper.
- Timeliness: Filed two days after the transaction date (appears timely for a Form 4).
Context
- RSU grants are routine executive compensation and vest over time; they are not an immediate market purchase or sale and should be viewed as compensation rather than a direct insider bet on the stock. Upon vesting, RSUs convert to shares (causing potential dilution) and dividend equivalents may be paid in line with company dividends.