Anderson Shawn 4

What Happened

• Shawn Anderson, EVP & Chief Financial Officer of NiSource Inc., had performance- and special-performance-based stock units vest on Feb 27, 2026. Two awards totaling 56,434 shares were reported as acquired at $47.30/share (total value ~$2,669,328). To satisfy tax withholding, 28,175 shares were withheld (disposed) at the same $47.30/share (value ~$1,332,678), leaving a net increase of 28,259 shares (net value ~ $1,336,650).
• These transactions reflect vesting/award activity (code A) and share withholding for tax obligations (code F) — routine executive compensation events rather than open-market buys or sales.

Key Details

• Transaction date: February 27, 2026; price reported: $47.30 per share.
• Gross shares acquired (vested): 56,434 shares (two awards: 32,551 and 23,883).
• Shares withheld for taxes (disposed): 28,175 shares (13,705; 10,056; 4,414).
• Gross value of vested shares: $2,669,328; value of shares withheld for taxes: $1,332,678; net value retained: ~$1,336,650.
• Footnotes: Vesting of 2023 performance stock units, special performance stock units, and RSUs; shares withheld to satisfy tax withholding. Some totals include dividend reinvestment and contributions via the company retirement savings plan (per filing footnotes). Vesting awards are exempt from Section 16(b) liability pursuant to rule 16b‑3(d).
• Filing timeliness: Form 4 filed on March 3, 2026 for a Feb 27, 2026 transaction — filed within the standard two-business-day window (timely).

Context

• This was a vesting/award event, not an open-market purchase or sale. The “disposals” here represent shares withheld to cover tax obligations (a common, administrative action), not a market sale that would indicate a change in the insider’s investment stance.
• For retail investors, purchases are often more informative as a bullish signal; vesting events and tax withholdings are routine compensation mechanics and do not by themselves indicate insider sentiment.