Luhrs Michael 4

Accession 0001111711-26-000016

CIK 0001111711other

Filed

Jan 22, 7:00 PM ET

Accepted

Jan 23, 4:22 PM ET

Size

6.7 KB

Accession

0001111711-26-000016

AI-generated summary of this filing

Updated Jan 23, 2026

NiSource (NI) EVP Michael Luhrs Receives RSU Award

What Happened

Michael Luhrs, EVP, Technology, Customer & Chief Customer Officer of NiSource (NI), was granted 6,851 restricted stock units (RSUs) on 2026-01-21 at a reported grant value of $43.79 per share (total ~$300,005).
The filing also reports 5,393 shares disposed on 2026-01-22 at $43.52 per share (total ~$234,703) to satisfy tax withholding obligations — a routine disposition (code F), not an open-market sale.

Key Details

Transactions: 2026-01-21 grant (Code A) — 6,851 RSUs @ $43.79 = $300,005; 2026-01-22 tax withholding (Code F) — 5,393 shares @ $43.52 = $234,703.
Shares owned after the transactions: Not disclosed in the provided filing.
Footnotes of note:
- F1: Each RSU is a contingent right to one share under the 2020 Omnibus Incentive Plan; the granted RSUs vest 100% on Feb 28, 2029, subject to continued employment.
- F2: The withheld 5,393 shares satisfy tax withholding for the partial vesting of a 2025 Special RSU award (i.e., routine tax withholding).
- F3: Reported holdings include shares acquired through the NiSource Employee Stock Purchase Plan (ESPP).
Filing timeliness: Report covers period 2026-01-21 and was filed 2026-01-23 — within the normal Form 4 reporting window (timely).

Context

RSU grant is a compensation award (not a cash purchase); vesting is future-dated (2029), so this is not an immediate bullish market purchase signal.
The disposed shares were withheld to cover taxes (a common, non-discretionary action) rather than a discretionary sale of shares on the open market.

Form 4

Period: 2026-01-21

EVP, Tech, Customer & CCO

Transactions

Award
Common Stock
[F1]
2026-01-21$43.79/sh+6,851$300,005→ 94,957.128 total
Tax Payment
Common Stock
[F2][F3]
2026-01-22$43.52/sh−5,393$234,703→ 89,564.128 total

Footnotes (3)

[F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock pursuant to the NiSource Inc. 2020 Omnibus Incentive Plan. Subject to certain forfeiture conditions, the RSUs will 100% vest on February 28, 2029, provided that the reporting person is continuously employed by the Company through and including that date.
[F2]Number of shares reported represent shares withheld to satisfy tax withholding obligations in connection with the partial vesting of the 2025 Special Restricted Stock Unit award.
[F3]Includes shares acquired through the NiSource Inc. Employee Stock Purchase Plan.

Signature

/s/ Ashley Bancroft, Attorney-in-Fact|2026-01-23

1 file

NISOURCE INC.

CIK 0001111711

Entity typeother