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Eversource (ES) EVP Conner reports tax-withholding share disposal and LTIP award

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

Rhea-AI Filing Summary

Eversource Energy executive Penelope M. Conner reported equity compensation transactions and related tax withholding. On February 12, 2026, 1,890 common shares were disposed of at $70.22 per share to satisfy tax withholding obligations, leaving 11,794 common shares held directly.

On January 27, 2026, she received 2,954 common shares at $0 as performance shares and related dividend equivalents for the 2023–2025 Long-Term Incentive Program, bringing her direct common share holdings to 13,684, including restricted share units and dividend equivalents. She also holds 1,056 common shares indirectly through the Eversource 401k Plan and 17,127 phantom shares as deferred compensation, each representing the right to receive one common share upon a distribution event.

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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*
Conner Penelope M

(Last) (First) (Middle)
C/O EVERSOURCE ENERGY
300 CADWELL DRIVE

(Street)
SPRINGFIELD MA 01104

(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)
EVP-Cust Exp & Energy Strategy
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 1,890(1) D $70.22 11,794(2) D
Common Shares, $5.00 par value(3) 01/27/2026 A 2,954(4) A $0 13,684(2) D
Common Shares, $5.00 par value 1,056(5) I By 401k 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 (6) (6) (6) Common Shares, $5.00 par value 17,127(6) 17,127(6) 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. Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
6. 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 Ms. Conner 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.

FAQ

What insider transactions did Eversource Energy (ES) executive Penelope Conner report?

Penelope Conner reported a tax-withholding disposition of 1,890 common shares at $70.22 on February 12, 2026, and an award of 2,954 common shares at $0 on January 27, 2026, tied to Eversource’s 2023–2025 Long-Term Incentive Program.

Was the February 12, 2026 Form 4 for Eversource (ES) an open-market sale?

No. The February 12, 2026 transaction for 1,890 Eversource common shares was a disposition to satisfy tax withholding obligations, not an open-market sale. This type of Form 4 code F transaction covers taxes due on equity compensation awards.

How many Eversource Energy (ES) shares does Penelope Conner hold after these transactions?

After the reported transactions, Penelope Conner holds 13,684 Eversource common shares directly, which include restricted share units and dividend equivalents, plus 1,056 common shares indirectly via the Eversource 401k Plan and 17,127 phantom shares as deferred compensation.

What is the 2,954-share award reported by Eversource (ES) executive Penelope Conner?

The 2,954-share award is a grant of performance shares and dividend equivalent shares for Eversource’s 2023–2025 Long-Term Incentive Program, determined on January 27, 2026. It was reported at a price of $0 as an equity compensation award, not a market purchase.

What are the 17,127 phantom shares reported by Eversource (ES) executive Penelope Conner?

The 17,127 phantom shares represent deferred compensation under the Eversource Deferred Compensation Plan, nominally invested as common shares. Each phantom share entitles her to receive one Eversource common share upon a future distribution event, following vesting and plan terms.

How are Eversource (ES) shares held through the 401k Plan reported for Penelope Conner?

Penelope Conner’s 1,056 common shares are held in trust under the Eversource 401k Plan, according to information from the plan’s record keeper. These are reported as indirect ownership on the Form 4, with the 401k Plan trustee shown as the holding vehicle.
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