Patricia C. Cosgel - 30 Jun 2023 Form 4 Insider Report for Avangrid, Inc.

Role: SVP- Chief Financial Officer
Signature: /s/ Elizabeth K. Riotte, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 30 Jun 2023
Net transactions value: -$60,299
Form type: 4
Filing time: 05 Jul 2023, 10:59:07 UTC
Previous filing: 13 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGR	Common Stock	Options Exercise	$0	+4,193	+41%	$0.000000	14,471	30 Jun 2023	Direct	F1
transaction	AGR	Common Stock	Tax liability	$60,299	-1,512	-10%	$39.88	12,959	30 Jun 2023	Direct
holding	AGR	Commmon Stock						840	30 Jun 2023	by 401(k)
holding	AGR	Commmon Stock						4,765	30 Jun 2023	by Deferred Compensation Plan

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	Performance Share Unit	Options Exercise	$0	-10,966	-57%	$0.000000	8,412	30 Jun 2023	Common Stock	10,966		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	In connection with the vesting of performance stock units previously granted to the reporting person, the reporting person's received 4,193 shares of common stock.
F2	Each performance stock unit represents a contingent to receive on share of common stock
F3	These performance stock units vest and are delivered in three equal installments based on the achievement of certain performance objectives on June 30, 2023, March 31, 2024 and March 31, 2025.