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

Role: SVP - Controller
Signature: /s/ Elizabeth K. Riotte, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 30 Jun 2023
Net transactions value: -$19,023
Form type: 4
Filing time: 05 Jul 2023, 11:00:09 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	+3,250	+324%	$0.000000	4,254	30 Jun 2023	Direct	F1
transaction	AGR	Common Stock	Tax liability	$19,023	-477	-11%	$39.88	3,777	30 Jun 2023	Direct
transaction	AGR	Common Stock	Disposed to Issuer	$0	-1,625	-43%	$0.000000	2,152	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	-8,500	-57%	$0.000000	6,500	30 Jun 2023	Common Stock	8,500		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 received 3,250 shares of common stock of which 1,625 shares of common stock were deferred. The reporting person is therefore reporting the acquisition of a 3,250 common shares and the subsequent disposition of 1,625 shares of common stock, which were 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 in three equal installments based on the achievement of certain performance objectives on June 30, 2023, March 31, 2024 and March 31, 2025.