LaRossa Ralph A 4

What Happened
Ralph A. LaRossa, Chair, President and CEO of Public Service Enterprise Group (PEG), was awarded and received company stock on Feb 24, 2026 and had shares withheld to cover taxes. The filing shows two award/acquisition entries: 148,241.809 shares at $85.73 each valued at $12,708,770, and 34,787 shares at $86.24 each valued at $3,000,031 (total awards ≈ $15.7M). Separately, 75,826 shares were surrendered/disposed at $85.73 each to satisfy tax liability, valued at $6,500,563.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Awards/acquisitions:
  • 148,241.809 shares @ $85.73 = $12,708,770 (award/acquisition, code A)
  • 34,787 shares @ $86.24 = $3,000,031 (award/acquisition, code A)
• Tax-related disposal:
  • 75,826 shares @ $85.73 = $6,500,563 (payment of tax liability, code F — shares withheld/surrendered)
• Shares owned after the transactions: Not disclosed in the filing.
• Footnotes from the filing:
  • F1: Payment of vested Performance Share Units under the Long Term Incentive Plan (relates to vested PSU payout/tax withholding).
  • F2: 2026 Restricted Stock Unit grant under the 2021 Long-Term Incentive Plan (relates to RSU grant).
• Transaction codes: A = award/grant (acquisition); F = payment of exercise price or tax liability (withholding). These were awards and withholding, not open-market purchases or sales.

Context
The filing reflects standard executive compensation activity: performance share units (PSUs) vesting and a restricted stock unit (RSU) grant, with shares withheld to cover taxes. Withheld/surrendered shares to satisfy tax obligations are routine and are not the same as an open-market sale expressing sentiment. No late filing was indicated.