BUTLER GREGORY B 4
4 · EVERSOURCE ENERGY · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Eversource (ES) EVP/GC Gregory Butler Receives 5,991 Shares, 4,789 Withheld
What Happened
- Gregory B. Butler, Executive Vice President & General Counsel of Eversource Energy (ES), was granted 5,991 shares (performance shares/restricted share units) on January 27, 2026 (reported as $0 acquisition value). To satisfy tax withholding obligations, 4,789 of his shares were disposed on February 12, 2026 at $70.22 per share, totaling $336,284.
Key Details
- Transaction dates and amounts:
- 2026-01-27: Grant/award of 5,991 shares (code A) — $0 reported (performance award/RSUs).
- 2026-02-12: Disposal to satisfy tax withholding (code F) — 4,789 shares @ $70.22 = $336,284.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: The Feb 12 disposition was to satisfy tax withholding.
- F2–F4: Awards include restricted share units, dividend equivalents, and performance shares for the 2023–2025 LTIP; one line re-reports dividend equivalents that were previously misreported.
- F5: Reporting also notes deferred-compensation "phantom" shares that mirror common shares and automatically reinvest dividend-equivalents (these are handled differently under SEC rule 16a-11).
- Filing timeliness: Form filed Feb 17, 2026 for transactions on/through Feb 12, 2026. Form 4s are typically due within two business days of the transaction, so this filing appears to be later than the standard two-business-day window.
Context
- This was primarily an award of performance/RSU shares, followed by a routine tax-withholding disposition (not an open-market sale by choice). Awards are compensation and not a direct bullish purchase signal; tax-withholdings are standard administrative actions.
Insider Transaction Report
Form 4
BUTLER GREGORY B
Executive VP & General Counsel
Transactions
- Tax Payment
Common Shares, $5.00 par value
[F1][F2]2026-02-12$70.22/sh−4,789$336,284→ 63,050 total - Award
Common Shares, $5.00 par value
[F3][F4][F2]2026-01-27+5,991→ 67,839 total
Holdings
- 8,844(indirect: By Trust)
Common Shares, $5.00 par value
[F5] - 298
Phantom Shares
[F5]→ Common Shares, $5.00 par value (298 underlying)
Footnotes (5)
- [F1]Disposition of common shares to satisfy tax withholding obligations.
- [F2]Includes restricted share units and dividend equivalents thereon.
- [F3]This line re-reports a line from a Form 4 filed by the reporting person on January 29, 2026 to reflect the number of dividend equivalents received in connection with the performance share award determined on January 27, 2026 because the original report inadvertently misreported the dividends.
- [F4]Performance shares and dividend equivalent shares for the 2023-2025 Long-Term Incentive Program as determined on January 27, 2026.
- [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.
Signature
/s/ Kerry J. Tomasevich, attorney-in-fact for Mr. Butler|2026-02-17