Catherine S. Stempien - Jun 30, 2023 Form 4 Insider Report for Avangrid, Inc. (AGR)

Role
Officer
Signature
/s/ Elizabeth K. Riotte, as Attorney-in-Fact
Stock symbol
AGR
Transactions as of
Jun 30, 2023
Transactions value $
-$280,955
Form type
4
Date filed
7/5/2023, 10:59 AM
Previous filing
Apr 13, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGR Commmon Stock Options Exercise $0 +16.3K +446.29% $0.00 19.9K Jun 30, 2023 Direct F1
transaction AGR Commmon Stock Tax liability -$281K -7.05K -35.42% $39.88 12.8K Jun 30, 2023 Direct

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 -42.5K -56.67% $0.00 32.5K Jun 30, 2023 Commmon Stock 42.5K 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 16,250 shares of common stock.
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.

Remarks:

President and Chief Executive Officer of Avangrid Networks, Inc.