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

Role
Officer
Signature
/s/ Elizabeth K. Riotte, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
30 Jun 2023
Net transactions value
-$280,955
Form type
4
Filing time
05 Jul 2023, 10:59:52 UTC
Previous filing
13 Apr 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGR Commmon Stock Options Exercise $0 +16,250 +446% $0.000000 19,891 30 Jun 2023 Direct F1
transaction AGR Commmon Stock Tax liability $280,955 -7,045 -35% $39.88 12,846 30 Jun 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 -42,500 -57% $0.000000 32,500 30 Jun 2023 Commmon Stock 42,500 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.