NiSource CEO sells 19,905 company shares
NiSource Inc. Director and President & CEO Lloyd M. Yates sold 19,905 shares of common stock in an open-market transaction at a weighted average price of $47.73 per share.
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Form Type
4
Rhea-AI Filing Summary
NiSource Inc. Director and President & CEO Lloyd M. Yates sold 19,905 shares of common stock in an open-market transaction at a weighted average price of $47.73 per share. After this sale, he directly owns 519,556.732 shares. The sale was executed in multiple trades between $47.73 and $47.745 per share. His reported holdings include restricted stock units from prior director awards and shares acquired through the company’s Employee Stock Purchase Plan.
Insider Trade Summary
Net Seller: 19,905 shares
Net Sell
1 txn
Insider
Yates Lloyd M
Role
Director and President & CEO
Sold
19,905 shs ($950K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,905 | $47.73 | $950K |
Holdings After Transaction:
Common Stock — 519,556.732 shares (Direct)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.730 to $47.745, inclusive. The reporting person undertakes to provide to NiSource Inc., any security holder of NiSource Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. This amount includes RSUs received pursuant to the dividend equivalent provisions of his director RSU awards from 2020 and 2021, and which are subject to the same vesting conditions as the underlying RSUs.
- F3. Includes shares acquired through the NiSource Inc. Employee Stock Purchase Plan.
Key Figures
Shares sold: 19,905 shares
Weighted average sale price: $47.73 per share
Post-transaction holdings: 519,556.732 shares
+2 more
5 metrics
Shares sold
19,905 shares
Open-market sale on 2026-05-21
Weighted average sale price
$47.73 per share
Common stock sale
Post-transaction holdings
519,556.732 shares
Direct ownership after sale
Sale price range
$47.73–$47.745 per share
Multiple transactions within this range
Transaction direction
Net sell of 19,905 shares
Form 4 transaction summary
Key Terms
weighted average price, RSUs, dividend equivalent provisions, Employee Stock Purchase Plan
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
RSUs financial
"This amount includes RSUs received pursuant to the dividend equivalent provisions of his director RSU awards from 2020 and 2021"
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 his director RSU awards from 2020 and 2021"
Employee Stock Purchase Plan financial
"Includes shares acquired through the NiSource Inc. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NiSource (NI) report for Lloyd M. Yates?
NiSource reported that Director and President & CEO Lloyd M. Yates sold 19,905 shares of common stock in an open-market transaction. The sale was reported on a Form 4 insider filing and reflects a routine disposition rather than a change in control.
What does the Form 4 say about RSUs held by Lloyd M. Yates at NiSource (NI)?
The Form 4 notes that Yates’ holdings include restricted stock units received through dividend equivalent provisions on director RSU awards from 2020 and 2021. These RSUs are subject to the same vesting conditions as the original director awards, aligning them with long-term incentives.
Does Lloyd M. Yates participate in the NiSource (NI) Employee Stock Purchase Plan?
Yes. The filing states that his reported holdings include shares acquired through the NiSource Inc. Employee Stock Purchase Plan. This indicates he has accumulated some of his position via the company’s employee share purchase program in addition to equity awards and market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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