R. Scott Mahoney - Feb 15, 2023 Form 4 Insider Report for Avangrid, Inc. (AGR)

Role
SVP - General Counsel & Sec.
Signature
Elizabeth K. Riotte, as Attorney in Fact
Stock symbol
AGR
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 06:40 PM
Previous filing
Mar 10, 2022
Next filing
Apr 13, 2023

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 Phantom Share Unit Options Exercise $0 -750 -33.33% $0.00 1.5K Feb 15, 2023 Common Stock 750 Direct F1, F2
transaction AGR Phantom Share Unit Award $0 +8K $0.00 8K Feb 15, 2023 Common Stock 8K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom share unit is the economic equivalent of one share of the Issuer's common stock
F2 These phantom share units vest in four equal installments. The remaining two installments will vest and be settled in cash on August 15, 2023 and February 15, 2024.
F3 These phantom share units vest in three equal installments and will be settled in cash on February 16, 2024, February 16, 2024, and February 16, 2025.