Mahoney R. Scott 4
4 · Avangrid, Inc. · Filed Mar 4, 2024
Insider Transaction Report
Form 4
Mahoney R. Scott
General Counsel
Transactions
- Exercise/Conversion
Performance Stock Units
2024-03-01−9,100→ 9,100 total→ Commmon Stock (9,100 underlying) - Exercise/Conversion
Common Stock
2024-03-01+9,100→ 15,032 total - Disposition to Issuer
Common Stock
2024-03-01−9,100→ 5,932 total
Footnotes (3)
- [F1]In connection with the vesting of performance stock units previously granted to the reporting person, the reporting person's receipt of 9,100 shares of common stock was deferred. The reporting person is therefore reporting the acquisition of 9,100 shares of common stock, which were subsequently disposed of to permit the cash value of the awards to be credited to the reporting person's deferred compensation plan account.
- [F2]Each performance stock unit represents one contingent right to receive one share of common stock.
- [F3]These performance stock units vest and are delivered in three equal installments based on the achievement of certain performance objectives on or before June 30, 2023, March 31, 2024 and March 31, 2025.