NiSource Inc. (NYSE: NI) director restructures 30,189.569-share direct holding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NiSource Inc. director Michael E. Jesanis reported an internal restructuring of his holdings. On 2026-07-13, 30,189.569 shares of common stock were transferred from indirect to direct ownership, a move exempt from Section 16 reporting under Rule 16a-13. After the transfer, he directly holds 52,700.791 shares, including RSUs credited through dividend equivalent provisions that share the same vesting conditions as the underlying RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jesanis Michael E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 30,189.569 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 52,700.791 shares (Direct)
Footnotes (1)
- Transfer of shares from indirectly held to directly held, which transfer is exempt from Section 16 reporting under Rule 16a-13. This amount includes RSUs received pursuant to the dividend equivalent provisions of the RSU awards, and which are subject to the same vesting conditions as the underlying RSUs.
Key Figures
Shares Transferred: 30,189.569 shares
Shares Held After Transaction: 52,700.791 shares
Transaction Date: 2026-07-13
3 metrics
Shares Transferred
30,189.569 shares
Common stock moved from indirect to direct ownership on 2026-07-13
Shares Held After Transaction
52,700.791 shares
Total direct holdings of Michael E. Jesanis following the restructuring
Transaction Date
2026-07-13
Date of internal restructuring transaction coded as J (other acquisition or disposition)
Key Terms
Rule 16a-13, Section 16 reporting, RSUs, dividend equivalent provisions
4 terms
Rule 16a-13 regulatory
"transfer is exempt from Section 16 reporting under Rule 16a-13"
Section 16 reporting regulatory
"exempt from Section 16 reporting under Rule 16a-13"
RSUs financial
"This amount includes RSUs received pursuant to the dividend equivalent"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
dividend equivalent provisions financial
"RSUs received pursuant to the dividend equivalent provisions of the RSU awards"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did NiSource (NI) director Michael E. Jesanis report?
Director Michael E. Jesanis reported a restructuring transaction involving 30,189.569 NiSource common shares. These shares were moved from indirect to direct ownership, with no market purchase or sale, and the transfer is noted as exempt from Section 16 reporting under Rule 16a-13.
Did the NiSource (NI) filing show a buy or sell by Michael E. Jesanis?
The filing does not show an open-market buy or sell by Michael E. Jesanis. It records an internal transfer of 30,189.569 shares from indirect to direct ownership, categorized as an "other" restructuring transaction rather than a purchase or sale.
What is the significance of Rule 16a-13 in the NiSource (NI) Form 4?
The Form 4 explains that the share transfer is exempt from Section 16 reporting under Rule 16a-13. This indicates the movement of 30,189.569 shares from indirect to direct ownership is treated as an internal restructuring, not a reportable market transaction for insider trading purposes.
How are RSUs treated in Michael E. Jesanis’s NiSource (NI) holdings?
His reported direct holdings of 52,700.791 shares include RSUs received through dividend equivalent provisions. The footnote states these RSUs are subject to the same vesting conditions as the underlying RSU awards, meaning they vest on the same schedule as the original grants.