NOLAN JOSEPH R JR 4

What Happened

• Joseph R. Nolan Jr., Chairman, President & CEO of Eversource (ES), had two reported transactions: a disposition of 40,084 common shares on 2026-02-12 to satisfy tax withholding obligations (40,084 shares × $70.22 = $2,814,698) and an award of 35,282 performance/restricted share units determined on 2026-01-27 (reported as acquired at $0.00).
• The sale was a tax-withholding disposition (routine, not an open-market directional sale). The award represents performance shares and related dividend equivalents for the 2023–2025 Long-Term Incentive Program.

Key Details

• Transaction dates: Award determined 2026-01-27; shares disposed for tax withholding 2026-02-12. Filing date: 2026-02-17 (Form 4 accession 0000072741-26-000062).
• Sale: 40,084 shares at $70.22 — proceeds of $2,814,698; coded F (tax withholding).
• Award: 35,282 performance/RSU-related shares recorded 2026-01-27 (coded A), reported with $0 acquisition price.
• Footnotes of note: F1 indicates disposition to satisfy tax withholding; F4 identifies performance shares for the 2023–2025 LTI program; F2/F3 relate to restricted-share units and dividend-equivalent re-reporting; F5/F6 reference plan and phantom-share holdings in 401(k)/deferred-comp plans.
• Shares owned after the transactions are not specified in the excerpt of the filing provided here.
• Filing timing: reported on Feb 17 for a Feb 12 disposition; Form 4s are generally due within two business days, so the Feb 12 transaction was reported several days later than that standard.

Context

• The disposition was a tax-withholding sale (common when awards vest or options are exercised) and does not necessarily indicate a voluntary, market-sale decision. The January award is performance-based and typically vests subject to plan terms. The filing also re-reports dividend-equivalent amounts related to the performance award (per footnote).