Hersman Deborah 4

What Happened
Deborah Hersman, a director of NiSource (NI), was granted 3,807 restricted stock units (RSUs) on 2026-05-11 at an attributable price of $47.03 per share, representing a total value of approximately $179,043. This filing (Form 4) reports an award/acquisition (transaction code A) of contingent rights to receive common stock upon vesting — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (filed two days after the transaction, within the usual 2-business-day deadline).
• Award: 3,807 RSUs; attributable price reported: $47.03; total value reported: $179,043.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1 — These RSUs are part of non-employee director annual compensation and vest in full on the first anniversary of the grant date, subject to certain acceleration conditions.
  • F2 — The grant amount includes RSUs received as dividend equivalents, which are subject to the same vesting schedule as the underlying RSUs.

Context
RSUs are a common form of director compensation and represent a contingent right to receive one share per vested unit; they are not immediate purchases of stock. Because these units vest over time (here, generally one year), they do not necessarily signal immediate buying or selling intent. This transaction is routine director compensation rather than a market trade by an executive or 10% owner.