Luhrs Michael 4

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.