Eversource Energy (NYSE: ES) EVP and COO reports equity award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eversource Energy executive Paul Chodak III, EVP and COO, reported equity compensation-related transactions in company common shares. On January 27, 2026, he acquired 5,522 common shares at $0 as a grant of performance shares and related dividend equivalents for the 2023–2025 Long-Term Incentive Program. On February 12, 2026, he disposed of 5,886 common shares at $70.22 through a tax-withholding disposition to satisfy tax obligations tied to these awards. Following these transactions, he directly beneficially owned 41,608 common shares and indirectly held 750 common shares in the Eversource 401k Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CHODAK PAUL III
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares, $5.00 par value | 5,886 | $70.22 | $413K |
| holding | Common Shares, $5.00 par value | -- | -- | -- |
| Grant/Award | Common Shares, $5.00 par value | 5,522 | $0.00 | -- |
Holdings After Transaction:
Common Shares, $5.00 par value — 41,608 shares (Direct);
Common Shares, $5.00 par value — 750 shares (Indirect, 401k Plan)
Footnotes (1)
- Disposition of common shares to satisfy tax withholding obligations. Includes restricted share units and dividend equivalents thereon. This line re-reports a line from a Form 4 filed by the reporting person on January 29, 2026 to reflect the number of dividend equivalents received in connection with the performance share award determined on January 27, 2026 because the original report inadvertently misreported the dividends. Performance shares and dividend equivalent shares for the 2023-2025 Long-Term Incentive Program as determined on January 27, 2026. Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
FAQ
What insider transactions did Eversource Energy (ES) report for Paul Chodak III?
Eversource Energy reported that EVP and COO Paul Chodak III received 5,522 common shares as a performance-based equity award and disposed of 5,886 shares to cover tax withholding obligations. After these transactions, he held 41,608 shares directly and 750 shares indirectly in the company’s 401k plan.
Was the Eversource Energy (ES) insider transaction a stock sale by Paul Chodak III?
The filing shows a tax-withholding disposition, not an open-market sale. Chodak transferred 5,886 shares at $70.22 per share to satisfy tax obligations arising from equity awards, rather than selling shares in a discretionary market trade.
What equity award did Paul Chodak III receive from Eversource Energy (ES)?
Paul Chodak III received 5,522 common shares at $0 as performance shares and related dividend equivalents for the 2023–2025 Long-Term Incentive Program. This award increased his direct beneficial ownership before subsequent tax-withholding-related share disposition.