STOCK TITAN
  1. Home
  2. Sec-filings
  3. NI
  4. [Form 4] NISOURCE INC. Insider Trading Activity

[Form 4] NISOURCE INC. Insider Trading Activity

NiSource Inc. executive Michael Luhrs reported equity compensation activity and related tax withholding.

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

Rhea-AI Filing Summary

NiSource Inc. executive Michael Luhrs reported equity compensation activity and related tax withholding. On January 21, 2026, he acquired 6,851 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of NiSource common stock. According to the award terms, these RSUs are scheduled to 100% vest on February 28, 2029, if he remains continuously employed through that date.

On January 22, 2026, 5,393 shares of common stock were withheld at $43.52 per share to satisfy tax obligations tied to the partial vesting of a 2025 special RSU award. After these transactions, Luhrs directly beneficially owned 89,564.128 shares of NiSource common stock, which includes shares acquired through the company’s Employee Stock Purchase Plan.

Positive

  • None.

Negative

  • None.
Insider Luhrs Michael
Role EVP, Tech, Customer & CCO
Type Security Shares Price Value
Exercise Price or Tax Liability Common Stock 5,393 $43.52 $235K
Grant/Award Common Stock 6,851 $43.79 $300K
Holdings After Transaction: Common Stock — 89,564.128 shares (Direct)
Footnotes (3)
  1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock pursuant to the NiSource Inc. 2020 Omnibus Incentive Plan. Subject to certain forfeiture conditions, the RSUs will 100% vest on February 28, 2029, provided that the reporting person is continuously employed by the Company through and including that date.
  2. F2. Number of shares reported represent shares withheld to satisfy tax withholding obligations in connection with the partial vesting of the 2025 Special Restricted Stock Unit award.
  3. F3. Includes shares acquired through the NiSource Inc. Employee Stock Purchase Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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*
Luhrs Michael
(Last) (First) (Middle)
801 E. 86TH AVENUE
(Street)
MERRILLVILLE IN 46410
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NISOURCE INC. [ NI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Tech, Customer & CCO
3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026
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 Stock 01/21/2026 A 6,851(1) A $43.79 94,957.128 D
Common Stock 01/22/2026 F 5,393(2) D $43.52 89,564.128(3) D
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
Explanation of Responses:
1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock pursuant to the NiSource Inc. 2020 Omnibus Incentive Plan. Subject to certain forfeiture conditions, the RSUs will 100% vest on February 28, 2029, provided that the reporting person is continuously employed by the Company through and including that date.
2. Number of shares reported represent shares withheld to satisfy tax withholding obligations in connection with the partial vesting of the 2025 Special Restricted Stock Unit award.
3. Includes shares acquired through the NiSource Inc. Employee Stock Purchase Plan.
/s/ Ashley Bancroft, Attorney-in-Fact 01/23/2026
** 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.

Source: View Original Filing on SEC EDGAR