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

Role
SVP - Controller
Signature
/s/ Elizabeth K. Riotte, as Attorney-in-Fact
Stock symbol
AGR
Transactions as of
Jun 30, 2023
Transactions value $
-$19,023
Form type
4
Date filed
7/5/2023, 11:00 AM
Previous filing
Apr 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGR Common Stock Options Exercise $0 +3.25K +323.71% $0.00 4.25K Jun 30, 2023 Direct F1
transaction AGR Common Stock Tax liability -$19K -477 -11.21% $39.88 3.78K Jun 30, 2023 Direct
transaction AGR Common Stock Disposed to Issuer $0 -1.63K -43.02% $0.00 2.15K Jun 30, 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 -8.5K -56.67% $0.00 6.5K Jun 30, 2023 Common Stock 8.5K 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 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.