NOLAN JOSEPH R JR 4

What Happened

• Joseph R. Nolan Jr., Chairman of the Board, President & CEO of Eversource Energy, made a disposition on March 6, 2026, by gifting 94,981 common shares. The Form 4 reports the transaction as a gift (code G) at $0.00 per share (total reported $0), meaning this was a transfer for estate‑planning purposes rather than a market sale.

Key Details

• Transaction date: 2026-03-06; transaction type: Gift (G).
• Shares transferred: 94,981; reported price per share: $0.00; reported total value: $0.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnote F1: Gift was to an irrevocable trust for the benefit of the reporting person's adult children; administered by two independent trustees; Mr. Nolan does not retain the power to revoke the trust or to vote or dispose of the securities—so he no longer has beneficial ownership for Section 16 purposes.
• Other footnotes (F2–F4) reference restricted share units/dividend equivalents, shares in the Eversource 401(k) plan, and phantom shares under the deferred compensation plan (these affect overall holdings reporting).
• Filing timeliness: filing date and report date both 2026-03-06—no late filing indicated in the provided data.

Context

• A gift/transfer to an irrevocable trust is generally an estate‑planning move and does not necessarily signal insider sentiment about the company's prospects. It differs from an open‑market sale (which can reflect liquidity needs) or a purchase (which can be a bullish signal).
• Because this was a non‑market transfer (gift), the reported $0 price reflects legal form, not market value; retail investors should not interpret the $0 as the economic value of the shares.