Hanemann Kim C 4

What Happened

• Kim C. Hanemann, President and COO (PSE&G), disposed of 1,234 shares on 2026-02-13 as a payment to cover tax withholding tied to equity compensation. The shares were recorded at $84.91 each, for a total value of approximately $104,779. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-13
• Price per share: $84.91
• Shares disposed: 1,234
• Total value: ~$104,779
• Transaction type/code: Payment of exercise price or tax liability (F) — shares withheld/surrendered to cover taxes
• Shares owned after transaction: Not specified in the filing summary provided
• Filing date: 2026-02-18 (appears to be filed after the transaction; Form 4s are generally due within two business days)

Context

• Code F typically means the insider surrendered shares to satisfy tax withholding obligations related to an option exercise or share award; this is a routine administrative disposal rather than a directional bet on the stock.
• Such withholdings reduce the insider’s share count but do not necessarily indicate selling pressure or a change in confidence.