John L. Lahey - Dec 23, 2024 Form 4 Insider Report for Avangrid, Inc. (AGR)

Role: Director
Signature: /s/ Elizabeth K. Riotte by Power of Attorney
Stock symbol: AGR
Transactions as of: Dec 23, 2024
Transactions value $: -$3,336,288
Form type: 4
Date filed: 12/23/2024, 05:10 PM
Previous filing: Feb 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGR	Common Stock	Disposed to Issuer	-$788K	-22K	-100%	$35.75	0	Dec 23, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AGR	Restricted Stock Units	Disposed to Issuer	-$2.55M	-71.3K	-100%	$35.75	0	Dec 23, 2024	Common Stock	71.3K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John L. Lahey is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 17, 2024, by and among the Issuer, Iberdrola, S.A., and Arizona Merger Sub, Inc., pursuant to which Arizona Merger Sub, Inc. merged with and into the Issuer with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of Iberdrola, S.A. in exchange for $35.75 (the per share merger consideration set forth in the Merger Agreement).
F2	Restricted stock units represent restricted shares granted to the reporting person and deferred under Avangrid's Deferred Compensation Plan ("DCP") and were cancelled pursuant to the Merger Agreement in exchange for cash equal to $35.75 multiplied by the number restricted stock units held by the reporting person in the DCP.

Content

Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 17, 2024, by and among the Issuer, Iberdrola, S.A., and Arizona Merger Sub, Inc., pursuant to which Arizona Merger Sub, Inc. merged with and into the Issuer with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of Iberdrola, S.A. in exchange for $35.75 (the per share merger consideration set forth in the Merger Agreement).

Restricted stock units represent restricted shares granted to the reporting person and deferred under Avangrid's Deferred Compensation Plan ("DCP") and were cancelled pursuant to the Merger Agreement in exchange for cash equal to $35.75 multiplied by the number restricted stock units held by the reporting person in the DCP.