NiSource (NI) SVP Gunnar Gode granted 1,702 RSU-linked shares at $43.79

Rhea-AI Filing Summary

NiSource Inc. senior vice president and Chief Accounting & Tax Officer Gunnar Gode reported an equity award tied to 1,702 shares of common stock on January 21, 2026. The shares are linked to Restricted Stock Units granted under the NiSource Inc. 2020 Omnibus Incentive Plan at a reference price of $43.79 per share. Following this award, Gode beneficially owns 31,432 shares of NiSource common stock in direct ownership.

The filing notes that each RSU represents a contingent right to receive one share of NiSource common stock. The RSUs are scheduled to vest 100% on February 28, 2029, assuming Gode remains continuously employed by the company through that date and subject to specified forfeiture conditions. This reflects a long-term, service-based incentive structure for a key executive.

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^*

Gode Gunnar

(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)
	SVP Chief Accting&Tax Officer

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		1,702(1)	A	$43.79	31,432	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.

	/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 Gunnar Gode?

NiSource reported that SVP Chief Accounting & Tax Officer Gunnar Gode acquired 1,702 shares of common stock on January 21, 2026, in connection with a Restricted Stock Unit award.

At what price were the 1,702 NiSource (NI) shares associated with the grant?

The 1,702 NiSource common shares tied to the award were reported at a reference price of $43.79 per share in the Form 4.

How many NiSource (NI) shares does Gunnar Gode own after this transaction?

After the reported transaction, Gunnar Gode beneficially owns 31,432 shares of NiSource common stock, held in direct ownership.

What are the vesting terms of the NiSource (NI) RSUs granted to Gunnar Gode?

The filing states that the RSUs will 100% vest on February 28, 2029, provided that Gode remains continuously employed by NiSource through and including that date and subject to certain forfeiture conditions.

What does each NiSource (NI) Restricted Stock Unit represent in this Form 4?

Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of NiSource common stock under the NiSource Inc. 2020 Omnibus Incentive Plan.

Is the reported NiSource (NI) equity award held directly or indirectly by Gunnar Gode?

The Form 4 shows the post-transaction holdings of 31,432 shares as held in direct (D) ownership by Gunnar Gode.