Evergy (EVRG) Board Member Reports Fee-Based Equity Grant in Form 4

Rhea-AI Filing Summary

Evergy, Inc. (EVRG) – Form 4 insider transaction filed 07/02/2025

Director Jonathan D. Rolph reported the routine, fee-related acquisition of 436 Director Deferred Share Units (DDSUs) on 07/01/2025. Each DDSU converts into one share of Evergy common stock (plus dividend equivalents) after the director leaves the Board. Following the grant, Rolph now holds 3,679 DDSUs directly.

Non-derivative holdings disclosed (no new purchases or sales reported):

• 800 common shares held directly.
• 1,020 common shares held indirectly as trustee for children’s gift trusts (three separate trusts).

The filing does not show any open-market transactions, option exercises, or dispositions. The additional DDSUs arose from the company’s director compensation program and dividend reinvestment, indicating a normal course alignment mechanism rather than a discretionary purchase.

Positive

• Director increased equity alignment by accepting 436 deferred share units in lieu of cash fees.
• No shares were sold, maintaining a steady insider ownership position.

Negative

• Transaction is compensation-based and cost-free, limiting its usefulness as a bullish trading signal.
• Share count is immaterial relative to Evergy’s total shares outstanding, implying negligible market impact.

Insights

Equity Analyst

TL;DR: Routine director fee grant; negligible share count; neutral impact.

The 436 DDSUs represent a standard quarterly retainer grant and raise the director’s synthetic share balance to 3,679. Combined direct and trust holdings are just ~1,820 shares—immaterial versus Evergy’s ~230 million shares outstanding. Because the units were issued at no cost under the board’s compensation plan, this does not signal opportunistic insider buying. Consequently, the filing carries no material implication for valuation, liquidity, or governance.

Corporate Governance Specialist

TL;DR: Aligns incentives but size too small to move sentiment.

DDSUs defer cash compensation, increasing equity linkage post-service—an accepted governance practice. The absence of sales demonstrates continued alignment, yet the aggregate position remains trivial (<0.001% of float). Investors should treat this as administrative rather than a directional signal.

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^*

Rolph Jonathan D

(Last) (First) (Middle)

C/O EVERGY, INC.

1200 MAIN STREET

(Street)

KANSAS CITY MO 64105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Evergy, Inc. [ EVRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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 Stock								800	D
Common Stock								335	I	As Trustee, Gift Trust of Daughter
Common Stock								335	I	As Trustee, Gift Trust of Daughter
Common Stock								300	I	As Trustee, Gift Trust of Son
Common Stock								250	I	As Trustee, Gift Trust of Son
Common Stock								150	I	As Trustee, Gift Trust of Son
Common Stock								70	I	As Trustee, Gift Trust of Son

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
Director Deferred Share Units	(1)	07/01/2025		A		436		(2)	(2)	Common Stock	436	$0	3,679(3)	D

Explanation of Responses:

1. Director deferred share units represent the right to receive one share of Evergy, Inc. common stock, plus, if applicable, stock reflecting reinvested dividends. Units are converted to stock and distributed following termination of service on the Board pursuant to elections made by the reporting person.

2. Director deferred share units received as partial payment of retainer fees that have been deferred pursuant to elections made by the reporting person.

3. Includes 32 deferred share units acquired through the reinvestment of dividend equivalents.

	Executed on behalf of Jonathan D. Rolph by Christie Dasek-Kaine, attorney-in-fact	07/02/2025
	** 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 did EVRG Director Jonathan Rolph acquire on 07/01/2025?

He received 436 Director Deferred Share Units as part of his board retainer.

How many Evergy shares does Rolph now indirectly and directly control?

The filing lists 800 common shares directly, 1,020 via trusts, and 3,679 DDSUs.

Were any Evergy shares sold in this Form 4?

No; the filing reports only an acquisition of deferred units and unchanged common share holdings.

Do DDSUs require a cash payment from the director?

No. DDSUs are granted instead of cash compensation and convert to stock after board service ends.

Is this Form 4 likely to affect EVRG’s stock price?

Unlikely. The grant is routine and represents less than 0.001% of outstanding shares.