Jesanis Michael E 4

What Happened
Michael E. Jesanis, a director of NiSource Inc. (NI), reported an "other acquisition or disposition" (Code J) on 2026-07-13 covering 30,189.569 shares at $0.00 (reported value $0). The filing indicates this was a transfer from indirectly held shares to directly held shares and is exempt from Section 16 reporting under Rule 16a-13. The reported amount includes RSUs received as dividend equivalents that remain subject to the same vesting conditions as the underlying RSUs. This was an internal transfer (not an open-market purchase or sale) and did not involve cash consideration.

Key Details

• Transaction date: 2026-07-13; Form 4 filed: 2026-07-15 (filed within the typical two-business-day window).
• Transaction code: J (other acquisition or disposition); price per share reported: $0.00; total reported value: $0.
• Shares involved: 30,189.569.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 = transfer from indirectly to directly held shares (exempt under Rule 16a-13); F2 = includes RSU dividend equivalents subject to same vesting.
• Market signal: This is an internal holding/ownership-structure change, not a market purchase or sale.

Context
Rule 16a-13 allows certain transfers between indirect and direct holdings to be reported differently; these transfers often reflect administrative or estate/holding-structure changes rather than trading intent. Because no cash changed hands and the filing notes vesting conditions for included RSUs, retail investors should view this as a housekeeping transfer rather than a clear insider buy/sell signal.