R. Scott Mahoney - 30 Jun 2023 Form 4 Insider Report for Avangrid, Inc.

Role: SVP - General Counsel & Sec.
Signature: /s/ Elizabeth K. Riotte, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 30 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Jul 2023, 10:59:36 UTC
Previous filing: 13 Apr 2023
Next filing: 17 Aug 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	+9,100	+153%	$0.000000	15,032	30 Jun 2023	Direct	F1
transaction	AGR	Common Stock	Disposed to Issuer	$0	-9,100	-61%	$0.000000	5,932	30 Jun 2023	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	Performance Stock Units	Options Exercise	$0	-23,800	-57%	$0.000000	18,200	30 Jun 2023	Commmon Stock	23,800		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 share units previously granted to the reporting person, the reporting person's receipt of 9,100 shares of common stock was deferred. The reporting person is therefore reporting the acquisition of 9,100 shares of common stock, which were subsequently disposed of to permit the cash value of the awards to be credited to the reporting person's deferred compensation plan account.
F2	Each performance stock unit represents one contingent right to receive one 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.