Public Service Enterprise Group Insider Sale and Correction Reported on Form 4
Rhea-AI Filing Summary
Grace H Park, EVP and General Counsel of Public Service Enterprise Group Inc (PEG), reported a change in beneficial ownership. The filing shows a transaction dated 09/16/2025 involving Common Stock with a reported transaction code F and a disposition of 131 shares at a price of $83.21. After the transaction, the filing reports 7,695.498 shares beneficially owned directly. The report also discloses 5 shares held indirectly by spouse, noting those 5 shares were previously omitted from the Form 3. The signature block shows the form was signed by an attorney-in-fact on 09/17/2025.
Positive
- Disclosure of transaction details including date, exact share counts, and price provides transparency
- Correction of previously omitted 5 shares from the Form 3 improves record accuracy
- Form signed by attorney-in-fact, indicating execution of required filing
Negative
- Disposition of 131 shares reduced the reporting person's direct holdings to 7,695.498 shares
Insights
TL;DR: Routine insider disposition and a small correction to previously omitted shares; not likely material to investors.
This Form 4 records a single sale on 09/16/2025 of 131 shares at $83.21, reducing the reporting person's direct holdings to 7,695.498 shares. The filing explicitly discloses an administrative correction of 5 shares that were omitted from the earlier Form 3. The disclosure is specific and shows the transaction price and exact share counts, which supports transparency for monitoring insider activity. There is no other derivative activity or additional compensatory grants reported in this filing.
TL;DR: Filing demonstrates compliance with Section 16 reporting and corrects a minor prior omission.
The report identifies the reporting person as EVP and General Counsel and includes a signature by an attorney-in-fact dated 09/17/2025. The explanatory footnotes explicitly state that accumulated dividend reinvestments are included in the reported amount and that 5 shares were previously unreported on the Form 3. From a governance standpoint, the statement clarifies record accuracy and shows the company insider has made the required disclosure of the reported disposition and indirect holdings.