TANJI KENNETH 4
Research Summary
AI-generated summary
PSEG (PEG) Director Kenneth Tanji Receives RSU Award
What Happened
Kenneth Tanji, a director of Public Service Enterprise Group, was granted 2,246 Restricted Stock Units (RSUs) on May 1, 2026. The award is reported at an equivalent price of $80.15 per share for a total value of $180,017. This filing reports an award/grant (code A), which is an acquisition of derivative securities (RSUs)—not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-01; filing date: 2026-05-05 (filed within the typical 2-business-day Form 4 deadline).
- Award: 2,246 Restricted Stock Units at $80.15 per share; total reported value $180,017.
- Shares owned after transaction: not disclosed in the filing.
- Footnotes:
- RSUs convert to common stock on a one-for-one basis (F1).
- RSUs are subject to forfeiture if the director leaves service and are paid in shares after termination (F2).
- These RSUs have no exercisable date or expiration (F3).
- Amount includes accumulated dividend-equivalent reinvestment equivalents exempt from Section 16 (F4).
Context
An RSU award is a common form of director compensation; it represents a future right to receive shares (one-for-one) subject to service/forfeiture conditions rather than an immediate purchase or sale. Because this is a grant to an outside director and not a sale, it is generally informative about compensation but should not be taken alone as a market sentiment signal.