Chernick Rose M 4

What Happened Rose M. Chernick, Vice President and Controller of Public Service Enterprise Group (PSEG, ticker: PEG), had 352 shares withheld to satisfy a tax obligation related to an equity event. The shares were valued at $84.91 each, for a total of approximately $29,888. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-13; Filing date: 2026-02-18 (Form 4 filed within the reporting window).
• Disposition: 352 shares withheld at $84.91 per share — total ~$29,888.
• Transaction code: F (payment of exercise price or tax liability / shares surrendered to cover taxes).
• Shares owned after the transaction: not specified in the provided filing.
• No indication this was a 10b5-1 plan or an open-market sale; it appears to be routine tax withholding.

Context Tax-withholdings are common when restricted stock vests or options are exercised: the company retains or cancels a portion of the shares to cover withholding taxes. These transactions are typically administrative and do not necessarily signal a change in the insider’s view of the company.