NiSource (NYSE: NI) CFO receives 8,449 RSUs vesting in 2029

Rhea-AI Filing Summary

NiSource Inc.'s EVP & CFO, Shawn Anderson, received 8,449 shares of common stock on January 21, 2026, as an equity award. These shares are in the form of Restricted Stock Units under the NiSource Inc. 2020 Omnibus Incentive Plan, each representing the right to receive one share of common stock.

According to the award terms, the Restricted Stock Units will 100% vest on February 28, 2029, as long as Anderson remains continuously employed with the company through that date and certain forfeiture conditions do not occur. After this award, he beneficially owns 156,640.581 shares of NiSource common stock directly, and 806.8199 additional shares are held indirectly through the NiSource Inc. Retirement Savings Plan, which includes shares acquired via dividend reinvestment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Anderson Shawn

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,449	$43.79	$370K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 156,640.581 shares (Direct); Common Stock — 806.82 shares (Indirect, 401(k))

Footnotes (1)

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. Includes shares acquired through dividend reinvestments. Constitutes shares acquired through the NiSource Inc. Retirement Savings Plan through January 21, 2026.

Form 4 Insider Transactions: What Each Field Means →

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^*

Anderson Shawn

(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 & CFO

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		8,449(1)	A	$43.79	156,640.581(2)	D
Common Stock								806.8199(3)	I	401(k)

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. Includes shares acquired through dividend reinvestments.

3. Constitutes shares acquired through the NiSource Inc. Retirement Savings Plan through January 21, 2026.

	/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.

FAQ

What insider transaction did NiSource (NI) report for EVP & CFO Shawn Anderson?

NiSource reported that EVP & CFO Shawn Anderson acquired 8,449 shares of common stock on January 21, 2026. The transaction is coded as an acquisition at a price of $43.79 per share, reflecting an equity grant rather than an open-market purchase.

How many NiSource (NI) shares does the CFO own after this Form 4 transaction?

Following the reported transaction, EVP & CFO Shawn Anderson beneficially owns 156,640.581 shares of NiSource common stock directly. In addition, 806.8199 shares are held indirectly through a 401(k) in the NiSource Inc. Retirement Savings Plan.

What are the vesting terms of the 8,449 Restricted Stock Units granted to the NiSource CFO?

Each of the 8,449 Restricted Stock Units (RSUs) represents a contingent right to receive one share of NiSource common stock under the NiSource Inc. 2020 Omnibus Incentive Plan. Subject to forfeiture conditions, the RSUs will 100% vest on February 28, 2029, provided that Anderson remains continuously employed with NiSource through and including that date.

Are the NiSource CFO’s indirect holdings part of a retirement plan?

Yes. The 806.8199 indirectly held shares reported for EVP & CFO Shawn Anderson are held through the NiSource Inc. Retirement Savings Plan. The filing notes that this amount constitutes shares acquired through the plan through January 21, 2026, including shares acquired via dividend reinvestments.

Under which plan were the Restricted Stock Units for the NiSource CFO granted?

The Restricted Stock Units granted to EVP & CFO Shawn Anderson were issued pursuant to the NiSource Inc. 2020 Omnibus Incentive Plan, which governs this equity-based compensation and its vesting and forfeiture conditions.

Is the 8,449-share award to the NiSource CFO a stock option or a Restricted Stock Unit grant?

The award is a Restricted Stock Unit (RSU) grant, not a stock option. Each RSU represents a contingent right to receive one share of NiSource common stock, subject to vesting on February 28, 2029 and certain forfeiture conditions.