Anderson Shawn 4

What Happened

• Shawn Anderson, Executive Vice President & Chief Financial Officer of NiSource (NI), was granted 8,449 Restricted Stock Units (RSUs) on January 21, 2026. The grant is reported at $43.79 per share for a total grant value of $369,982. This transaction is an award/grant (not an open-market buy or sale).

Key Details

• Transaction date: January 21, 2026; Form 4 filed January 23, 2026 (timely filing).
• Grant details: 8,449 RSUs @ $43.79 reported fair value; total value $369,982.
• Vesting: Per filing footnote, each RSU equals a contingent right to one share and will vest 100% on February 28, 2029, subject to continuous employment (NiSource 2020 Omnibus Incentive Plan).
• Shares owned after the transaction: not specified in the provided filing details.
• Other footnotes: filing notes inclusion of shares from dividend reinvestment and the NiSource Retirement Savings Plan through Jan 21, 2026 (these relate to reported holdings, not the RSU grant).
• Transaction code: A = Award/Grant.

Context

• RSUs are a form of deferred compensation; they convert to shares only upon vesting and do not produce immediate proceeds unless sold later. This grant increases the executive’s future equity stake if employment continues to the vest date; it is a routine equity compensation action rather than an open-market purchase or sale.