NiSource (NI) director gets 3,807 RSUs as annual equity award

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

JOHNSON WILLIAM D reported acquisition or exercise transactions in this Form 4 filing.

NiSource Inc. director William D. Johnson received an equity grant as part of his annual board compensation. He was awarded 3,807 shares of common stock in the form of restricted stock units (RSUs) valued at $47.03 per share. These RSUs vest in full on the first anniversary of the grant date, subject to specified acceleration conditions.

Each RSU represents a contingent right to receive one share of NiSource common stock under the company’s 2020 Omnibus Plan. The award also includes additional RSUs credited through dividend equivalent provisions, which follow the same vesting terms. After this grant, Johnson holds a total of 28,431.355 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider JOHNSON WILLIAM D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,807	$47.03	$179K

Holdings After Transaction: Common Stock — 28,431.355 shares (Direct, null)

Footnotes (1)

Represents an award of restricted stock units ("RSU") granted as part of the non-employee director's annual compensation and which vests in full on the first anniversary of the grant date, subject to certain acceleration conditions. RSUs represent a contingent right to receive one share of the Company's common stock upon vesting pursuant to the Company's 2020 Omnibus Plan. 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

RSU grant size: 3,807 shares Grant price per share: $47.03 per share Total shares after grant: 28,431.355 shares

3 metrics

RSU grant size 3,807 shares Restricted stock units awarded as annual director compensation

Grant price per share $47.03 per share Value per share used for the RSU award

Total shares after grant 28,431.355 shares Director’s direct NiSource holdings following this RSU grant

Key Terms

restricted stock units, RSU, dividend equivalent provisions, 2020 Omnibus Plan

4 terms

restricted stock units financial

"Represents an award of restricted stock units ("RSU") granted as part of the non-employee director's annual compensation"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSU financial

"RSUs represent a contingent right to receive one share of the Company's common stock upon vesting"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

dividend equivalent provisions financial

"This amount includes RSUs received pursuant to the dividend equivalent provisions of the RSU awards"

2020 Omnibus Plan financial

"upon vesting pursuant to the Company's 2020 Omnibus Plan"

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 04:22 PM

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^*

JOHNSON WILLIAM D

(Last)

(First)

(Middle)

801 E. 86TH AVENUE

(Street)

MERRILLVILLE

INDIANA

46410

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NISOURCE INC. [ NI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/11/2026		A		3,807⁽¹⁾	A	$47.03	28,431.355⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an award of restricted stock units ("RSU") granted as part of the non-employee director's annual compensation and which vests in full on the first anniversary of the grant date, subject to certain acceleration conditions. RSUs represent a contingent right to receive one share of the Company's common stock upon vesting pursuant to the Company's 2020 Omnibus Plan.

2. 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.

	/s/ Ashley Bancroft, Attorney-in-Fact	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did NiSource (NI) director William D. Johnson report on this Form 4?

Director William D. Johnson reported receiving 3,807 restricted stock units of NiSource common stock as part of his annual non-employee director compensation, with the grant valued at $47.03 per share and subject to time-based vesting conditions.

How many NiSource (NI) shares does William D. Johnson hold after this RSU grant?

Following the RSU grant, William D. Johnson holds 28,431.355 NiSource common shares directly. This total includes shares underlying restricted stock units that will convert into common stock when vesting conditions under the company’s 2020 Omnibus Plan are satisfied.

What are the vesting terms of William D. Johnson’s NiSource (NI) RSU award?

The RSU award vests in full on the first anniversary of the grant date, subject to specified acceleration conditions. Upon vesting, each restricted stock unit converts into one share of NiSource common stock, delivered under the company’s 2020 Omnibus Plan.

How is the value of William D. Johnson’s NiSource (NI) RSU grant determined?

The RSU grant consists of 3,807 units, each tied to NiSource common stock valued at $47.03 per share on the grant date. The economic value ultimately realized depends on the stock price when the restricted stock units vest and convert into shares.

What do dividend equivalent provisions mean for NiSource (NI) RSUs?

Dividend equivalent provisions credit additional RSUs when NiSource pays dividends, mirroring what a shareowner would receive. These additional units are subject to the same vesting conditions as the original RSUs, increasing the potential share delivery at vesting without immediate cash payments.