Director John Surma receives 2,246 RSUs in PSEG (NYSE: PEG) award

Rhea-AI Filing Summary

PUBLIC SERVICE ENTERPRISE GROUP INC director John P. Surma received a grant of 2,246 Restricted Stock Units on common stock, reported as a grant/award acquisition. The units convert to common shares on a one-for-one basis and are granted under the PSEG 2021 Equity Compensation Plan for Outside Directors.

The Restricted Stock Units are subject to forfeiture if the director leaves board service and are paid in shares of common stock after termination of service. Following this award, Surma directly holds 16,586.783 Restricted Stock Units, including accumulated dividend reinvestment equivalents.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SURMA JOHN P

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,246	$80.15	$180K

Holdings After Transaction: Restricted Stock Units — 16,586.783 shares (Direct, null)

Footnotes (1)

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 Grant reference price: $80.1500 per unit RSUs after transaction: 16,586.783 Restricted Stock Units +1 more

4 metrics

RSUs granted 2,246 Restricted Stock Units Grant to director John P. Surma on May 1, 2026

Grant reference price $80.1500 per unit Reported transaction price per Restricted Stock Unit

RSUs after transaction 16,586.783 Restricted Stock Units Total units directly held following the award

Conversion ratio 1 unit : 1 share RSUs convert to common stock on a one-for-one basis

Key Terms

Restricted Stock Units, PSEG 2021 Equity Compensation Plan for Outside Directors, dividend reinvestment equivalents

3 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

"amount granted, with payment deferred, under the PSEG 2021 Equity Compensation PlanFor Outside Directors."

dividend reinvestment equivalents financial

"Amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16."

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^*

SURMA JOHN P

(Last) (First) (Middle)

C/O PSEG

80 PARK PLAZA

(Street)

NEWARK NEW JERSEY 07102

(City) (State) (Zip)

UNITED STATES

(Country)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Restricted Stock Units	(1)	05/01/2026		A(2)		2,246		(3)	(3)	Common Stock	2,246	$80.15	16,586.783(4)	D

Explanation of Responses:

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.

2. Restricted Stock Units are subject to forfeiture if a director leaves service and are paid in shares of common stock after termination of service.

3. The derivative, Restricted Stock Units, do not have a corresponding exercisable date nor expiration date.

4. Amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16.

	Isabel Ryan, as Attorney-in-Fact for John P. Surma	05/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did PEG director John P. Surma report?

John P. Surma reported receiving a grant of 2,246 Restricted Stock Units tied to PUBLIC SERVICE ENTERPRISE GROUP INC common stock. The award is a compensation grant under the PSEG 2021 Equity Compensation Plan for Outside Directors, not an open-market stock purchase or sale.

How do the PEG Restricted Stock Units for John P. Surma convert to shares?

The Restricted Stock Units granted to John P. Surma convert into PUBLIC SERVICE ENTERPRISE GROUP INC common stock on a one-for-one basis. Each unit represents the share equivalent of the amount granted, with payment in shares deferred until after termination of board service.

When are the PEG Restricted Stock Units paid to John P. Surma?

The Restricted Stock Units are paid in shares of PUBLIC SERVICE ENTERPRISE GROUP INC common stock after John P. Surma’s termination of service as a director. Until then, they remain deferred compensation and are subject to forfeiture if he leaves board service earlier.

What happens to John P. Surma’s PEG units if he leaves the board?

The Restricted Stock Units are subject to forfeiture if John P. Surma leaves board service. This means he may lose rights to the granted units if he departs before satisfying the service conditions described in the PSEG 2021 Equity Compensation Plan for Outside Directors.

How many PEG Restricted Stock Units does John P. Surma hold after this grant?

After the 2,246-unit grant, John P. Surma holds 16,586.783 Restricted Stock Units directly. This total includes accumulated dividend reinvestment equivalents, which the company notes are exempt from Section 16 reporting but are reflected in the overall Restricted Stock Unit balance.

Do John P. Surma’s PEG Restricted Stock Units have an expiration date or exercise price?

The filing states that the Restricted Stock Units do not have a corresponding exercisable date or expiration date. They function as deferred stock-based compensation and convert into PUBLIC SERVICE ENTERPRISE GROUP INC common shares after termination of board service, rather than traditional options with a strike price.