PSEG (PEG) director Laura Sugg awarded 2,246 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SUGG LAURA A reported acquisition or exercise transactions in this Form 4 filing.
PUBLIC SERVICE ENTERPRISE GROUP INC director Laura A. Sugg received a grant of restricted stock units as equity compensation. On May 1, 2026, she was awarded 2,246 Restricted Stock Units at a reference value of $80.15 per unit, each convertible into one share of common stock.
The units were granted under the PSEG 2021 Equity Compensation Plan For Outside Directors. They are subject to forfeiture if she leaves board service and will be paid in shares of common stock after her service ends. Following this grant, her holdings total 22,234.407 Restricted Stock Units, including accumulated dividend reinvestment equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SUGG LAURA A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,246 | $80.15 | $180K |
Holdings After Transaction:
Restricted Stock Units — 22,234.407 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units convert to common stock on a one-for-one basis. Restricted Stock Units represent the share equivalent of amount granted, with payment deferred, under the PSEG 2021 Equity Compensation PlanFor Outside Directors. Restricted Stock Units are subject to forfeiture if a director leaves service and are paid in shares of common stock after termination of service. The derivative, Restricted Stock Units, do not have a corresponding exercisable date nor expiration date. Amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16.
Key Figures
RSUs granted: 2,246 Restricted Stock Units
Reference value per RSU: $80.15 per unit
Total RSUs after grant: 22,234.407 Restricted Stock Units
+1 more
4 metrics
RSUs granted
2,246 Restricted Stock Units
Grant on May 1, 2026
Reference value per RSU
$80.15 per unit
Transaction price per share for RSUs
Total RSUs after grant
22,234.407 Restricted Stock Units
Holdings following the reported transaction
Conversion ratio
1 RSU : 1 common share
Restricted Stock Units convert to common stock one-for-one
Key Terms
Restricted Stock Units, PSEG 2021 Equity Compensation Plan For Outside Directors, dividend reinvestment equivalents, Section 16
4 terms
Restricted Stock Units financial
""Restricted Stock Units convert to common stock on a one-for-one basis.""
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.
PSEG 2021 Equity Compensation Plan For Outside Directors financial
""...granted, with payment deferred, under the PSEG 2021 Equity Compensation Plan For Outside Directors.""
dividend reinvestment equivalents financial
""Amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16.""
Section 16 regulatory
""dividend reinvestment equivalents that are exempt from Section 16.""
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.