Director Willie Deese granted 2,246 PEG shares at $80.15 in PUBLIC SERVICE ENTERPRISE GROUP (NYSE: PEG) filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Public Service Enterprise Group Inc. director Willie A. Deese received a stock-based grant. On May 1, 2026, he acquired 2,246 shares of Common Stock as a grant/award valued at $80.15 per share under the PSEG 2021 Equity Compensation Plan for Outside Directors.
After this award and related dividend reinvestment equivalents, Deese directly holds 11,933.239 shares of Public Service Enterprise Group Inc. common stock. The filing characterizes this as a compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Deese Willie A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,246 | $80.15 | $180K |
Holdings After Transaction:
Common Stock — 11,933.239 shares (Direct, null)
Footnotes (1)
- 2026 Restricted Stock Unit grant under the PSEG 2021 Equity Compensation Plan For Outside Directors. Amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16.
Key Figures
Shares granted: 2,246 shares
Grant price per share: $80.15 per share
Shares owned after grant: 11,933.239 shares
+2 more
5 metrics
Shares granted
2,246 shares
Restricted Stock Unit grant dated May 1, 2026
Grant price per share
$80.15 per share
Reference price for 2026 RSU grant
Shares owned after grant
11,933.239 shares
Direct holdings following transaction, including dividend equivalents
Acquisition transactions
1 transaction
Form 4 summary shows one acquire-type entry
Buy/sell activity
0 shares bought or sold
No open-market buys or sells in this filing
Key Terms
Restricted Stock Unit, PSEG 2021 Equity Compensation Plan For Outside Directors, dividend reinvestment equivalents, Section 16, +1 more
5 terms
Restricted Stock Unit financial
"2026 Restricted Stock Unit grant under the PSEG 2021 Equity Compensation Plan For Outside Directors."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
PSEG 2021 Equity Compensation Plan For Outside Directors financial
"2026 Restricted Stock Unit grant under the PSEG 2021 Equity Compensation Plan For Outside Directors."
dividend reinvestment equivalents financial
"Amount includes accumulated dividend reinvestment equivalents that are exempt from Section 16."
Section 16 regulatory
"Amount includes accumulated 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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did director Willie A. Deese report in this Form 4 for PUBLIC SERVICE ENTERPRISE GROUP (PEG)?
Willie A. Deese reported receiving a stock-based grant of 2,246 shares of PUBLIC SERVICE ENTERPRISE GROUP common stock. The acquisition is a compensation-related award, not an open-market purchase, and is reported as an increase in his direct ownership position.
What type of equity award did Willie A. Deese receive from PUBLIC SERVICE ENTERPRISE GROUP (PEG)?
The filing describes the award as a 2026 Restricted Stock Unit grant under the PSEG 2021 Equity Compensation Plan For Outside Directors. Restricted Stock Units are stock-based compensation that typically vest over time, aligning director interests with long-term shareholder value.
Does Willie A. Deese’s Form 4 for PUBLIC SERVICE ENTERPRISE GROUP (PEG) involve an open-market stock purchase?
The Form 4 shows a grant or award acquisition, not an open-market purchase. The transaction code is “A,” indicating shares were received as compensation, rather than being bought on the open market, which would ordinarily be reported under transaction code “P” for purchases.