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Eversource (NYSE: ES) EVP Butler logs tax share move and grant

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Eversource Energy executive Gregory B. Butler reported insider equity transactions. On February 12, 2026, he disposed of 4,789 common shares at $70.22 per share to satisfy tax withholding obligations, a non-market tax-withholding disposition, and held 63,050 common shares directly afterward.

Separately, on January 27, 2026, he acquired 5,991 common shares at $0 as a grant of performance and dividend-equivalent shares for the 2023–2025 long-term incentive program, bringing his direct holdings to 67,839 common shares. He also holds 8,844 common shares indirectly through a 401(k) plan trustee and 298 phantom shares in a deferred compensation plan, each phantom share representing one common share upon distribution.

Positive

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Negative

  • None.
Insider BUTLER GREGORY B
Role Executive VP & General Counsel
Type Security Shares Price Value
Exercise Price or Tax Liability Common Shares, $5.00 par value 4,789 $70.22 $336K
holding Phantom Shares -- -- --
holding Common Shares, $5.00 par value -- -- --
Grant/Award Common Shares, $5.00 par value 5,991 $0.00 $0.00
Holdings After Transaction: Common Shares, $5.00 par value — 63,050 shares (Direct); Phantom Shares — 298 shares (Direct); Common Shares, $5.00 par value — 8,844 shares (Indirect, By 401(k) Plan Trustee)
Footnotes (5)
  1. F1. Disposition of common shares to satisfy tax withholding obligations.
  2. F2. Includes restricted share units and dividend equivalents thereon.
  3. F3. 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.
  4. F4. Performance shares and dividend equivalent shares for the 2023-2025 Long-Term Incentive Program as determined on January 27, 2026.
  5. F5. 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.

FAQ

What insider transactions did ES executive Gregory B. Butler report?
Gregory B. Butler reported a tax-withholding disposition of 4,789 Eversource common shares at $70.22 on February 12, 2026, and a grant of 5,991 performance and dividend-equivalent shares on January 27, 2026, under the 2023–2025 long-term incentive program.

Was the 4,789-share Eversource (ES) transaction a sale by Gregory B. Butler?
The 4,789-share transaction was a tax-withholding disposition, not an open-market sale. Shares were disposed of to satisfy tax withholding obligations tied to equity compensation, as indicated by transaction code F and the accompanying footnote explanation.

What equity award did Gregory B. Butler receive from Eversource (ES)?
On January 27, 2026, Gregory B. Butler received 5,991 Eversource common shares at $0 per share. These represent performance shares and dividend-equivalent shares granted for the company’s 2023–2025 Long-Term Incentive Program, increasing his direct common share holdings.

How many Eversource (ES) shares does Gregory B. Butler own after these transactions?
After the reported transactions, Gregory B. Butler directly owns 67,839 Eversource common shares. He also indirectly holds 8,844 common shares through a 401(k) plan trustee, plus 298 phantom shares in a deferred compensation plan that each correspond to one common share upon distribution.

What are the phantom shares reported by Eversource (ES) executive Gregory B. Butler?
The 298 phantom shares are part of Butler’s deferred compensation under the Eversource Deferred Compensation Plan. Each phantom share is nominally invested as a common share and represents the right to receive one common share upon a distribution event after vesting.

How are dividend equivalents handled in Gregory B. Butler’s Eversource (ES) awards?
Dividend equivalents are added to Butler’s restricted and performance share units. A prior line was re-reported to correct the number of dividend equivalents tied to the January 27, 2026 performance share determination, and additional phantom shares are issued via automatic dividend-equivalent reinvestment.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BUTLER GREGORY B
(Last) (First) (Middle)
C/O EVERSOURCE ENERGY
56 PROSPECT STREET
(Street)
HARTFORD CT 06103
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EVERSOURCE ENERGY [ ES ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP & General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares, $5.00 par value 02/12/2026 F 4,789(1) D $70.22 63,050(2) D
Common Shares, $5.00 par value(3) 01/27/2026 A 5,991(4) A $0 67,839(2) D
Common Shares, $5.00 par value 8,844(5) I By 401(k) Plan Trustee
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Shares (5) (5) (5) Common Shares, $5.00 par value 298(5) 298(5) D
Explanation of Responses:
1. Disposition of common shares to satisfy tax withholding obligations.
2. Includes restricted share units and dividend equivalents thereon.
3. 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.
4. Performance shares and dividend equivalent shares for the 2023-2025 Long-Term Incentive Program as determined on January 27, 2026.
5. 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.
/s/ Kerry J. Tomasevich, attorney-in-fact for Mr. Butler 02/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR