Eversource executive sells 7,000 shares at $69.88
EVERSOURCE ENERGY Executive VP and General Counsel Gregory B. Butler sold 7,000 common shares at $69.88 per share in an open-market transaction.
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Form Type
4
Rhea-AI Filing Summary
EVERSOURCE ENERGY Executive VP and General Counsel Gregory B. Butler sold 7,000 common shares at $69.88 per share in an open-market transaction. After the sale, he directly holds 56,179 common shares.
He also has 8,952 common shares held indirectly through the Eversource 401(k) Plan and 301 phantom shares in a deferred compensation plan, each tied to one common share upon distribution after vesting.
Insider Trade Summary
Net Seller: 7,000 shares
Net Sell
3 txns
Insider
BUTLER GREGORY B
Role
Executive VP & General Counsel
Sold
7,000 shs ($489K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares, $5.00 par value | 7,000 | $69.88 | $489K |
| holding | Phantom Shares | -- | -- | -- |
| holding | Common Shares, $5.00 par value | -- | -- | -- |
Holdings After Transaction:
Common Shares, $5.00 par value — 56,179 shares (Direct);
Phantom Shares — 301 contracts (Direct);
Common Shares, $5.00 par value — 8,952 shares (Indirect, By 401(k) Plan Trustee)
Footnotes (3)
- F1. Includes restricted share units and dividend equivalents thereon.
- F2. Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
- F3. 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.
Key Figures
Shares sold: 7,000 shares
Sale price: $69.88 per share
Direct holdings after sale: 56,179 shares
+2 more
5 metrics
Shares sold
7,000 shares
Open-market sale of common shares
Sale price
$69.88 per share
Price for 7,000 common shares sold
Direct holdings after sale
56,179 shares
Common shares held directly after transaction
Indirect 401(k) holdings
8,952 shares
Common shares held by 401(k) Plan trustee
Phantom shares underlying
301 shares
Common shares underlying phantom share units
Key Terms
Phantom Shares, restricted share units, dividend equivalents, Eversource 401k Plan, +1 more
5 terms
dividend equivalents financial
"Includes restricted share units and dividend equivalents thereon."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Eversource 401k Plan financial
"Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper."
Deferred Compensation Plan financial
"Reporting Person's deferred compensation under the Eversource Deferred Compensation Plan, a non-qualified plan, that is nominally invested as common shares."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EVERSOURCE ENERGY (ES) report for Gregory B. Butler?
Gregory B. Butler sold 7,000 Eversource Energy common shares at $69.88 each. The Form 4 shows this was an open-market sale of common shares, reducing his direct stake but leaving a sizable remaining holding.
What are the indirect EVERSOURCE ENERGY holdings reported for Gregory B. Butler?
Butler’s indirect holdings include 8,952 common shares in the Eversource 401(k) Plan. These shares are held in trust by the plan’s trustee, based on information from the plan’s record keeper, as described in the filing footnotes.
Did the EVERSOURCE ENERGY Form 4 include any option exercises for Gregory B. Butler?
The Form 4 does not report any option exercises for Butler. It shows one open-market sale of 7,000 common shares and separate holding entries for 401(k) plan shares and phantom shares as deferred compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
