Eversource (NYSE: ES) EVP Paul Chodak granted new RSUs and performance shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eversource Energy EVP and COO Paul Chodak III reported equity awards of company stock. On January 27, 2026, he acquired 7,795 restricted share units that vest in three equal installments on February 15, 2027, 2028 and 2029, each unit convertible into one common share and earning dividend equivalents.
He also acquired 6,067 performance shares and related dividend equivalent shares for the 2023–2025 Long-Term Incentive Program, both at a reported price of $0 per share as compensation. Following these grants, he beneficially owned 48,038 common shares directly and 496 shares indirectly through 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 |
|---|---|---|---|---|
| Grant/Award | Common Shares, $5.00 par value | 7,795 | $0.00 | -- |
| Grant/Award | Common Shares, $5.00 par value | 6,067 | $0.00 | -- |
| holding | Common Shares, $5.00 par value | -- | -- | -- |
Holdings After Transaction:
Common Shares, $5.00 par value — 41,971 shares (Direct);
Common Shares, $5.00 par value — 496 shares (Indirect, 401k Plan)
Footnotes (1)
- Grant of restricted share units (RSUs) which vest in three equal installments on February 15, 2027, 2028 and 2029. Restricted share units are distributable in Eversource Energy common shares on a one-for-one basis. RSU holders are entitled to receive dividend equivalents, exempt from line item reporting under SEC Rule 16a-11, to the same extent dividends are paid on common shares. Includes restricted share units and dividend equivalents thereon. 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 transaction did Eversource Energy (ES) report for Paul Chodak?
Eversource Energy reported that EVP and COO Paul Chodak III received equity awards on January 27, 2026. He acquired 7,795 restricted share units and 6,067 performance shares as part of long-term incentive and compensation programs, increasing his beneficial ownership in Eversource common shares.
How are dividend equivalents handled on Paul Chodak’s Eversource (ES) RSUs?
Dividend equivalents on Paul Chodak’s restricted share units are credited to him to the same extent dividends are paid on Eversource common shares. These dividend equivalent amounts are exempt from separate line item reporting under SEC Rule 16a-11 but are included in the overall RSU disclosures.
What indirect Eversource (ES) holdings does Paul Chodak report?
In addition to directly held shares and awarded units, Paul Chodak reports 496 Eversource common shares held indirectly through the Eversource 401k Plan. These shares are held in trust within the qualified retirement plan, based on information from the plan’s record keeper for reporting purposes.