Moreira John M. 4

What Happened

John M. Moreira, EVP, Chief Financial Officer and Treasurer of Eversource Energy (ES), had two reported transactions. On Feb 12, 2026 he disposed of 5,105 common shares at $70.22 each (total $358,473) to satisfy tax withholding obligations. Earlier, on Jan 27, 2026 he was granted/acquired 8,426 shares (reported at $0 as an award of performance/restricted-share units and dividend equivalents).

The Feb 12 disposition is a routine tax-withholding sale (not an open-market trade signaling a change in view). The Jan 27 acquisition was an award under the company’s long-term incentive program, not a cash purchase.

Key Details

• Transactions: Jan 27, 2026 — Grant/Award (Code A) of 8,426 shares; Feb 12, 2026 — Disposition (Code F) of 5,105 shares at $70.22 each (total $358,473) to satisfy tax withholding.
• Filing: Form 4 filed Feb 17, 2026 reporting the Feb 12 transaction (appears filed 5 days after the Feb 12 transaction; note SEC Form 4 is normally due within two business days).
• Footnotes: F1 — shares sold to satisfy tax withholding; F2/F3/F4 — grants include restricted share units, dividend equivalents and performance shares for the 2023–2025 LTIP (dividend equivalents were re-reported/corrected); F5 notes some shares may be held in an internal 401(k) plan per record-keeper.
• Shares owned after the transactions: not specified in this filing.

Context

• The sale was a tax-withholding disposition (code F) commonly used when equity awards vest; it does not necessarily indicate a personal decision to reduce holdings.
• The Jan 27 award reflects long-term incentive compensation (performance shares and dividend equivalents) determined for the 2023–2025 program. Awards are compensation, not purchases, so they are less indicative of an immediate bullish signal from the insider.