PEG director granted 2,246 restricted stock units

PUBLIC SERVICE ENTERPRISE GROUP INC director Valerie Ann Smith received an equity grant of 2,246 Restricted Stock Units.

Rhea-AI Filing Summary

PUBLIC SERVICE ENTERPRISE GROUP INC director Valerie Ann Smith received an equity grant of 2,246 Restricted Stock Units. The units were awarded at a reference value of $80.15 per share and increase her balance to 13,480.161 RSUs.

The RSUs convert into common stock on a one-for-one basis under the PSEG 2021 Equity Compensation Plan for Outside Directors. They are subject to forfeiture if she leaves board service and are paid in shares only after termination of service. The reported amount also includes accumulated dividend reinvestment equivalents.

Insider Trade Summary

Grant/Award: 2,246 shares

Grant/Award 1 txn

Insider Smith Valerie Ann

Role Director

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

Holdings After Transaction: Restricted Stock Units — 13,480.161 contracts (Direct)

Footnotes (4)

1. F1. 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. F2. 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. F3. The derivative, Restricted Stock Units, do not have a corresponding exercisable date nor expiration date.
4. F4. Amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16.

Key Figures

RSUs granted: 2,246 units Grant reference price: $80.15 per unit Total RSUs after grant: 13,480.161 units

3 metrics

RSUs granted 2,246 units Restricted Stock Units granted on 2026-05-01

Grant reference price $80.15 per unit Reference price for RSU grant

Total RSUs after grant 13,480.161 units RSU balance following reported transaction

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

"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."

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PEG director Valerie Ann Smith report on this Form 4?

Valerie Ann Smith reported receiving 2,246 Restricted Stock Units as an equity award. These units are a form of deferred stock-based compensation granted under PSEG’s 2021 Equity Compensation Plan for Outside Directors, rather than an open-market stock purchase or sale.

How do the new Restricted Stock Units for PEG’s director convert into common stock?

The Restricted Stock Units convert to PUBLIC SERVICE ENTERPRISE GROUP INC common stock on a one-for-one basis. Each unit represents one share equivalent, with actual shares delivered after the director’s service ends, aligning director compensation with long-term shareholder interests over time.

When will Valerie Ann Smith receive PEG common shares from these RSUs?

The RSUs are paid in PEG common stock after Valerie Ann Smith’s termination of board service. Until then, she holds unit equivalents, not actual shares, which keeps her compensation tied to the company’s equity performance over her tenure as an outside director.

Are the PEG Restricted Stock Units subject to any forfeiture conditions?

Yes. The RSUs are subject to forfeiture if the director leaves service. This condition means Valerie Ann Smith’s right to the underlying PEG shares depends on continuing board service, reinforcing retention and alignment with the company’s long-term strategic direction and governance stability.

What is Valerie Ann Smith’s total reported RSU position in PEG after this grant?

After receiving 2,246 RSUs, her total reported Restricted Stock Unit holdings are 13,480.161 units. This figure includes accumulated dividend reinvestment equivalents that are exempt from Section 16, giving a fuller picture of her deferred equity-based compensation tied to PEG common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 03:14 PM Learn about SEC filing dates

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^*

Smith Valerie Ann

(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	13,480.161(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 Valerie Ann Smith	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)