ES Form 4: EVP Conner reports 3,700-share dispositions, deferred holdings disclosed
Rhea-AI Filing Summary
Conner Penelope M, EVP-Cust Exp & Energy Strategy at Eversource Energy (ES), reported sales of company common shares on 08/28/2025 and 08/29/2025. The Form 4 shows two non-derivative sale transactions: 1,850 shares sold on 08/28/2025 at $64.263 and 1,850 shares sold on 08/29/2025 at $64.50. Following the 08/28 sale the filing reports 9,224 shares beneficially owned directly; after the 08/29 sale it reports 7,374 shares directly. The report also discloses 981 shares held indirectly in the Eversource 401(k) plan and 16,761 phantom shares under a deferred compensation plan registered as direct beneficial ownership. The form is signed by an attorney-in-fact on behalf of Ms. Conner.
Positive
- Disclosure of transaction details includes exact dates, quantities, and prices for both sales
- Separation of ownership types clearly shown: direct shares, 401(k) indirect shares, and phantom deferred-compensation shares
- Form signed by attorney-in-fact, indicating a completed filing process
Negative
- Insider sold shares: two disposals totaling 3,700 shares (1,850 on 08/28/2025 and 1,850 on 08/29/2025)
- Reduction in direct beneficial ownership to 7,374 shares after the 08/29/2025 sale
Insights
TL;DR: Insiders executed two small block sales totaling 3,700 shares, with remaining direct holdings and substantial phantom share exposure.
The filings are straightforward: two open-market sales on consecutive days reducing direct holdings from 13,? (not specified) to 7,374 shares after the second sale according to reported post-transaction balances. The report also confirms 981 shares in a qualified 401(k) and 16,761 phantom shares under a deferred compensation plan that mirror common-share economics. These elements matter because phantom shares represent future share-equivalent payouts and the 401(k) position is plan-held, neither creating current voting power changes beyond disclosure. The transactions appear to be routine insider sales; the filing documents the mechanics and resulting ownership positions for investor transparency.
TL;DR: The Form 4 properly discloses officer sales and non-qualified deferred share equivalents; governance disclosure requirements appear met.
The filing identifies the reporting person as an executive officer and provides transaction dates, quantities, and prices for two disposals on 08/28/2025 and 08/29/2025. It distinguishes direct holdings, indirect 401(k) holdings, and phantom shares from the deferred compensation plan. The signature by an attorney-in-fact is clearly noted. From a governance standpoint, the form supplies the essential information stakeholders use to monitor insider activity and compensation-linked equity exposure. No omissions of listed fields are apparent in the provided content.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares, $5.00 par value | 1,850 | $64.50 | $119K |
| Sale | Common Shares, $5.00 par value | 1,850 | $64.263 | $119K |
| holding | Phantom Shares | -- | -- | -- |
| holding | Common Shares, $5.00 par value | -- | -- | -- |
Footnotes (1)
- Includes restricted share units and dividend equivalents thereon. Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper. Reporting Person's deferred compensation under the Eversource Deferred Compensation Plan, a non-qualified plan, that is nominally invested as common shares. Each phantom share represents the right to receive one common share upon a distribution event, following vesting. Additional phantom shares are issued upon the automatic reinvestment of dividend-equivalents and are exempt from the line item reporting under SEC rule 16a-11.
