CHODAK PAUL III 4
4 · EVERSOURCE ENERGY · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Eversource (ES) EVP Paul Chodak III Receives Award, Sells Shares
What Happened
- Paul Chodak III, EVP and COO of Eversource Energy, received an award of 5,522 shares (performance shares/dividend equivalents) determined Jan 27, 2026. To satisfy tax withholding related to awards, 5,886 shares were disposed on Feb 12, 2026 at $70.22 per share for proceeds of $413,315 (shares were withheld/sold to cover taxes rather than an open-market investment sale).
Key Details
- Grant/acquisition: 5,522 shares (award) on 2026-01-27; reported as acquired at $0.00 (performance shares/dividend equivalents).
- Disposition/tax withholding: 5,886 shares on 2026-02-12 at $70.22, total $413,315 (code F — tax withholding).
- Filing: Form filed 2026-02-17. The Feb 12 disposition was reported five days after the transaction date (after the SEC’s typical 2-business-day Form 4 deadline); the filing also re-reports/corrects dividend-equivalent details from an earlier Jan 29 filing.
- Footnotes of note:
- F1: Disposition was to satisfy tax withholding obligations.
- F2/F4: Awards include restricted share units, dividend equivalents, and performance shares for the 2023–2025 LTI program determined Jan 27, 2026.
- F3: A re-report to correct previously misreported dividends from the Jan 29 filing.
- F5: Some shares are held in a 401(k) plan per the plan record keeper.
- Shares owned after the reported transactions: not specified in this filing.
Context
- This was not a market-driven purchase: the acquisition was an equity award (performance shares) and the sale/ disposition was a routine tax-withholding event (common when awards vest). Such withholdings are administrative and do not necessarily indicate insider sentiment about the stock.
Insider Transaction Report
Form 4
CHODAK PAUL III
EVP and COO
Transactions
- Tax Payment
Common Shares, $5.00 par value
[F1][F2]2026-02-12$70.22/sh−5,886$413,315→ 41,608 total - Award
Common Shares, $5.00 par value
[F3][F4][F2]2026-01-27+5,522→ 47,494 total
Holdings
- 750(indirect: By 401(k))
Common Shares, $5.00 par value
[F5]
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]Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
Signature
/s/ Kerry J. Tomasevich, attorney-in-fact for Mr. Chodak|2026-02-17