NiSource (NYSE: NI) EVP receives 5,481-share restricted stock grant

Rhea-AI Filing Summary

NiSource Inc. executive Melanie B. Berman, EVP Administration & CHRO, reported an acquisition of company equity on January 21, 2026. She received 5,481 shares of common stock at $43.79 per share, bringing her directly held beneficial ownership to 34,362.9347 shares after the transaction. The filing explains that each unit represents a right to receive one share of common stock under the NiSource Inc. 2020 Omnibus Incentive Plan and that, subject to forfeiture conditions, these restricted stock units are scheduled to fully vest on February 28, 2029, provided she remains continuously employed through that date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Berman Melanie B.

Role EVP Administration & CHRO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,481	$43.79	$240K

Holdings After Transaction: Common Stock — 34,362.935 shares (Direct)

Footnotes (1)

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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^*

Berman Melanie B.

(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 Administration & CHRO

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		5,481(1)	A	$43.79	34,362.9347	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 Melanie B. Berman?

NiSource reported that EVP Administration & CHRO Melanie B. Berman acquired 5,481 shares of common stock in a transaction dated January 21, 2026.

At what price were the new NiSource (NI) shares acquired by the EVP?

The 5,481 NiSource common shares were reported with a transaction price of $43.79 per share.

How many NiSource (NI) shares does Melanie B. Berman own after this Form 4 transaction?

Following the reported transaction, Melanie B. Berman beneficially owns 34,362.9347 shares of NiSource common stock, held directly.

What is the nature of the equity reported in Melanie B. Berman’s NiSource (NI) Form 4?

The filing notes that each Restricted Stock Unit represents a right to receive one share of NiSource common stock under the NiSource Inc. 2020 Omnibus Incentive Plan.

When do the reported NiSource (NI) restricted stock units vest?

Subject to forfeiture conditions, the restricted stock units are scheduled to 100% vest on February 28, 2029, if Melanie B. Berman remains continuously employed through that date.

Is Melanie B. Berman’s ownership in NiSource (NI) direct or indirect?

The Form 4 shows her ownership as direct (D) for the 34,362.9347 shares beneficially owned after the transaction.