STOCK TITAN

PEG (PEG) SVP Thigpen reports stock awards and tax withholding moves

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PUBLIC SERVICE ENTERPRISE GROUP senior vice president Richard T. Thigpen reported equity-based compensation transactions in company common stock. He acquired 10,192.548 shares from vested Performance Share Units and 2,088 Restricted Stock Units granted under long-term incentive plans, and 4,058 shares were disposed of to cover tax obligations, leaving 33,180.577 shares owned directly.

Positive

  • None.

Negative

  • None.
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*
Thigpen Richard T

(Last) (First) (Middle)
80 PARK PLAZA

(Street)
NEWARK NJ 07102

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PUBLIC SERVICE ENTERPRISE GROUP INC [ PEG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP Corporate Citizenship
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
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 02/24/2026 A 10,192.548(1) A $85.73 35,150.577 D
Common Stock 02/24/2026 A 2,088(2) A $86.24 37,238.577 D
Common Stock 02/24/2026 F 4,058 D $85.73 33,180.577 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. Payment of vested Performance Share Units under the Long Term Incentive Plan.
2. 2026 Restricted Stock Unit grant under the 2021 Long-Term Incentive Plan.
Isabel Ryan, as Attorney-in-Fact for Richard T. Thigpen 02/25/2026
** 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 transactions did PEG executive Richard T. Thigpen report on this Form 4?

Richard T. Thigpen reported equity awards and related tax withholding in PEG common stock. He received vested Performance Share Units and a 2026 Restricted Stock Unit grant, while shares were simultaneously withheld to satisfy tax obligations tied to these long-term incentive awards.

How many PUBLIC SERVICE ENTERPRISE GROUP (PEG) shares did Richard T. Thigpen acquire?

Richard T. Thigpen acquired 10,192.548 PEG common shares from vested Performance Share Units and 2,088 shares from a 2026 Restricted Stock Unit grant. These awards were made under the company’s long-term incentive plans as non-cash compensation rather than open-market stock purchases.

Why were some PEG shares disposed of in Richard T. Thigpen’s Form 4 filing?

The filing shows 4,058 PEG shares disposed of as part of tax withholding. This transaction was coded as a tax-liability payment using shares delivered from equity awards, not an open-market sale, to cover obligations arising from the vested incentive compensation.

What is Richard T. Thigpen’s PEG share ownership after these Form 4 transactions?

After these transactions, Richard T. Thigpen directly owns 33,180.577 PEG common shares. This figure reflects the net result of Performance Share Unit vesting, the 2026 Restricted Stock Unit grant, and the shares withheld to satisfy associated tax liabilities on the equity compensation.

Were the PEG insider transactions by Richard T. Thigpen open-market buys or sells?

The transactions were equity compensation-related, not open-market trades. Shares were acquired through Performance Share Unit vesting and a Restricted Stock Unit grant, while the disposed shares were used to pay tax liabilities, rather than representing discretionary buying or selling activity.

What PEG incentive plans are referenced in Richard T. Thigpen’s Form 4 filing?

The filing references the Long Term Incentive Plan and the 2021 Long-Term Incentive Plan. Performance Share Units vested under the former, while the 2026 Restricted Stock Unit grant was made under the latter, both providing stock-based compensation to the executive.
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