Gode Gunnar 4

What Happened Gunnar Gode, Senior Vice President and Chief Accounting & Tax Officer at NiSource (NI), had performance/RSU awards vest on 2026-02-27. He was granted 6,420 shares at $47.30 each (total value $303,666). To satisfy tax-withholding obligations, 1,902 shares (≈ $89,965) and 667 shares (≈ $31,549) were withheld (disposed), leaving a net of 3,851 shares retained (approx. $182,152 at $47.30).

Key Details

• Transaction date: 2026-02-27. Form filed: 2026-03-03 (filed on time).
• Award (Code A): 6,420 shares @ $47.30 = $303,666.
• Tax withholding (Code F): 1,902 shares @ $47.30 = $89,965; 667 shares @ $47.30 = $31,549. Total withheld ≈ 2,569 shares (≈ $121,514).
• Shares owned after transaction: not reported in this filing.
• Footnotes: F1 — vesting of 2023 non-derivative performance stock units (exempt under Rule 16b-3(d)); F2/F3 — shares withheld to satisfy tax withholding for the PSU and 2023 RSU awards.
• These withheld shares were used to cover tax obligations (company withholding), not an open-market sale by the insider.

Context This was a routine vesting of previously granted performance stock units and restricted stock units, with shares withheld for taxes — a common form of compensation and tax settlement. Because this is an award/vesting (not a purchase), it should not be interpreted as a direct bullish or bearish trade by the insider. The awards are exempt from short-swing liability under Rule 16b-3(d).