William C. Van Faasen - Jan 18, 2024 Form 4 Insider Report for EVERSOURCE ENERGY (ES)

Role
Trustee
Signature
/s/ Kerry J. Tomasevich, attorney-in-fact for Mr. Van Faasen
Stock symbol
ES
Transactions as of
Jan 18, 2024
Transactions value $
-$147,913
Form type
4
Date filed
1/19/2024, 02:56 PM
Previous filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction ES Common Shares, $5.00 par value Sale -$148K -2.71K -12.15% $54.50 19.6K Jan 18, 2024 Direct F1, F2

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
holding ES Phantom Shares 38K Jan 18, 2024 Common Shares, $5.00 par value 38K Direct F3

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 21, 2021.
F2 Includes restricted share units and dividend equivalents thereon.
F3 Reporting Person's deferred compensation under the Eversource Deferred Compensation Plan, a non-qualified deferred compensation plan, that is nominally invested as common shares. Each phantom share represents the right to receive one common share upon a distribution event, following vesting. Additional phantom shares are issued upon the automatic reinvestment of dividend-equivalents are exempt from the line item reporting under SEC Rule 16a-11.