PSEG (PEG) SVP uses company shares to satisfy FICA tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Public Service Enterprise Group senior vice president of Corporate Citizenship Richard T. Thigpen reported routine share withholdings used to cover tax obligations related to equity compensation.
On February 10, 2026, 136 shares of common stock at $82.31 per share were disposed of, followed by 101 shares at the same price on February 11, 2026. These transactions, coded "F," reflect payment of FICA taxes by delivering shares to the issuer rather than open-market sales. After the transactions, Thigpen directly owned 25,275.029 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Thigpen Richard T
Role
SVP Corporate Citizenship
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 101 | $82.31 | $8K |
| Tax Withholding | Common Stock | 136 | $82.31 | $11K |
Holdings After Transaction:
Common Stock — 25,275.029 shares (Direct)
Footnotes (1)
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FAQ
What insider activity did PEG executive Richard T. Thigpen report?
Richard T. Thigpen reported two small tax-related share dispositions. A total of 237 common shares were withheld by Public Service Enterprise Group to satisfy FICA taxes tied to equity compensation, rather than being sold in the open market.
What transaction code was used in Richard T. Thigpen’s PEG Form 4?
The Form 4 reports transaction code “F” for both entries. Code F indicates payment of an exercise price or tax liability by delivering securities, meaning shares were withheld for tax purposes rather than sold in open-market transactions.
What is Richard T. Thigpen’s role at Public Service Enterprise Group (PEG)?
Richard T. Thigpen is an officer of Public Service Enterprise Group. The Form 4 identifies his title as Senior Vice President, Corporate Citizenship, confirming his status as a Section 16 reporting officer for insider transaction reporting.