Eversource Energy (NYSE: ES) VP updates holdings after 401k plan transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eversource Energy executive Jay S. Buth, VP, Controller and Chief Accounting Officer, reported routine updates to his share holdings. A discretionary transaction under Rule 16b-3(f) involved 407.231 common shares held through the Eversource 401k Plan at $68.81 per share, leaving no remaining indirect shares in the plan. Following these updates, he directly holds 27,411 common shares, which the filing notes include deferred shares, restricted share units and related dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BUTH JAY S.
Role
VP, Controller, Chief Acct Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Common Shares, $5.00 par value | 407.231 | $68.81 | $28K |
| holding | Common Shares, $5.00 par value | -- | -- | -- |
Holdings After Transaction:
Common Shares, $5.00 par value — 0 shares (Indirect, 401k Plan);
Common Shares, $5.00 par value — 27,411 shares (Direct, null)
Footnotes (1)
- Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper. Includes deferred shares, restricted share units and dividend equivalents thereon.
Key Figures
Discretionary 401k transaction: 407.231 shares
401k transaction price: $68.81/share
Direct holdings after update: 27,411 shares
+1 more
4 metrics
Discretionary 401k transaction
407.231 shares
Common shares in Eversource 401k Plan at $68.81 per share
401k transaction price
$68.81/share
Price for 407.231 common shares in discretionary transaction
Direct holdings after update
27,411 shares
Common shares held directly after Form 4, including awards
Indirect 401k holdings after update
0.0000 shares
Common shares in Eversource 401k Plan following transaction
Key Terms
Discretionary transaction under Rule 16b-3(f), 401k Plan, deferred shares, restricted share units, +1 more
5 terms
Discretionary transaction under Rule 16b-3(f) regulatory
"transaction_code_description: Discretionary transaction under Rule 16b-3(f)"
401k Plan financial
"nature_of_ownership: 401k Plan"
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
dividend equivalents financial
"Includes deferred shares, 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.
FAQ
What insider transaction did ES executive Jay S. Buth report on this Form 4?
Jay S. Buth reported a discretionary transaction involving 407.231 common shares in the Eversource 401k Plan at $68.81 per share under Rule 16b-3(f), along with an updated holding entry.