Eversource Energy (NYSE: ES) EVP Butler receives RSUs, performance and phantom shares

Rhea-AI Filing Summary

Eversource Energy Executive VP & General Counsel Gregory B. Butler reported equity awards and updated holdings. On January 27, 2026, he acquired 5,037 restricted share units that vest in three equal installments on February 15, 2027, 2028 and 2029, and 6,739 performance and dividend-equivalent shares for the 2023–2025 Long-Term Incentive Program, all at a price of $0 per share. Following these awards, he directly beneficially owned 68,585 common shares and also held 8,714 shares in the Eversource 401(k) Plan and 298 phantom shares in the Deferred Compensation Plan, each phantom share representing the right to receive one common share upon a distribution event.

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

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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)
01/27/2026

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	01/27/2026		A		5,037(1)	A	$0	61,846(2)	D
Common Shares, $5.00 par value	01/27/2026		A		6,739(3)	A	$0	68,585(2)	D
Common Shares, $5.00 par value								8,714(4)	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. 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.

2. Includes restricted share units and dividend equivalents thereon.

3. Performance shares and dividend equivalent shares for the 2023-2025 Long-Term Incentive Program as determined on January 27, 2026.

4. Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.

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	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did ES executive Gregory B. Butler report?

Gregory B. Butler reported awards of 5,037 restricted share units and 6,739 performance and dividend-equivalent shares on January 27, 2026. Both awards were granted at $0 per share as part of Eversource Energy’s long-term incentive and equity compensation programs.

How do the new restricted share units for ES’s Butler vest?

The 5,037 restricted share units granted to Gregory B. Butler vest in three equal installments on February 15, 2027, 2028 and 2029. Once vested, these units are distributable in Eversource Energy common shares on a one-for-one basis, plus associated dividend equivalents.

What long-term incentive shares did ES grant Gregory B. Butler?

Eversource Energy granted Butler 6,739 performance and dividend-equivalent shares tied to the 2023–2025 Long-Term Incentive Program, determined on January 27, 2026. These awards reflect performance results over the program period and are delivered in common shares without cash payment.

How many Eversource Energy shares does Butler own after these transactions?

After the reported awards, Butler directly beneficially owned 68,585 common shares of Eversource Energy. In addition, he held 8,714 common shares in the Eversource 401(k) Plan and 298 phantom shares in the Deferred Compensation Plan, all referenced in the filing.

What are the phantom shares reported by ES executive Gregory B. Butler?

Butler reported 298 phantom shares under the Eversource Deferred Compensation Plan. Each phantom share represents the right to receive one common share upon a distribution event after vesting, with additional phantom shares credited through automatic reinvestment of dividend equivalents under SEC Rule 16a-11.

Does Gregory B. Butler receive dividends on his ES equity awards?

Yes. The filing states that restricted share units and certain performance awards include dividend equivalents, providing payments equivalent to dividends on common shares. These dividend-equivalent credits are exempt from separate line-item reporting under SEC Rule 16a-11 but increase the notional share-based balances.