BUTLER GREGORY B 4

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.