Jesanis Michael E 4

What Happened Michael E. Jesanis, a director of NiSource, received a grant of 3,807 restricted stock units (RSUs) on 2026-05-11. The grant is recorded at $47.03 per share for a total reported value of $179,043. This was an award (transaction code A) as part of non-employee director compensation, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-11; 3,807 RSUs valued at $47.03 each (total $179,043).
• Vesting: RSUs vest in full on the first anniversary of the grant date, subject to certain acceleration conditions (Footnote F1).
• Dividend equivalents: The grant includes RSUs from dividend equivalents that follow the same vesting schedule as the underlying RSUs (Footnote F2).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: Report filed 2026-05-13 for a 2026-05-11 grant — appears to be timely (Form 4 typically due within two business days).
• Transaction type: Award/grant (A); this is routine compensation for a non-employee director.

Context RSUs are a contingent right to receive shares upon vesting, so Jesanis did not receive tradable shares immediately. Director RSU grants are commonly used as routine compensation and do not by themselves indicate a buy/sell signal; they simply represent deferred equity compensation subject to the company’s plan and vesting conditions.