Yates Lloyd M 4
Accession 0001111711-26-000017
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 4:23 PM ET
Size
5.4 KB
Accession
0001111711-26-000017
Research Summary
AI-generated summary of this filing
NiSource (NI) CEO Lloyd M. Yates Receives RSU Award
What Happened Lloyd M. Yates, President & CEO and Director of NiSource (NI), was granted 43,658 restricted stock units (RSUs) on January 22, 2026. The RSUs were reported at an imputed value/price of $43.52 per share, for a total grant value of $1,899,996. This was an award/compensation grant (not an open-market purchase or sale).
Key Details
- Transaction date and price: 2026-01-22; 43,658 RSUs at $43.52 each; total $1,899,996.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Each RSU is a contingent right to one share under the 2020 Omnibus Incentive Plan; RSUs vest 100% on Feb 28, 2029 if Yates remains employed through that date.
- F3: The grant includes RSUs from dividend equivalents on his 2020–2021 director RSU awards, subject to the same vesting schedule.
- F2: References shares acquired through the NiSource Employee Stock Purchase Plan (appears related to reported holdings rather than this grant).
- Filing timeliness: Report covers period 2026-01-22 and was filed 2026-01-23 (appears timely, not a late filing).
Context RSUs are conditional compensation: they do not represent immediate share ownership and can be forfeited if vesting conditions (continuous employment through 2/28/2029) are not met. Such awards are routine executive compensation and should not be interpreted as an open-market buy or sell signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-01-22$43.52/sh+43,658$1,899,996→ 395,949.938 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]Includes shares acquired through the NiSource Inc. Employee Stock Purchase Plan.
- [F3]This amount includes RSUs received pursuant to the dividend equivalent provisions of his director RSU awards from 2020 and 2021, and which are subject to the same vesting conditions as the underlying RSUs.
Signature
Documents
Issuer
NISOURCE INC.
CIK 0001111711
Related Parties
1- filerCIK 0001311411
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 4:23 PM ET
- Size
- 5.4 KB