Blazquez Pedro Azagra - Jun 30, 2023 Form 4 Insider Report for Avangrid, Inc. (AGR)

Role: Chief Executive Officer, Director
Signature: /s/ Elizabeth K. Riotte, as Attorney-in-Fact
Stock symbol: AGR
Transactions as of: Jun 30, 2023
Transactions value $: -$194,654
Form type: 4
Date filed: 7/5/2023, 11:00 AM
Previous filing: Apr 13, 2023
Next filing: Jan 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGR	Common Shares	Options Exercise	$0	+10.5K	+121.21%	$0.00	19.2K	Jun 30, 2023	Direct	F1
transaction	AGR	Common Shares	Tax liability	-$195K	-4.88K	-25.39%	$39.88	14.3K	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 Share Units	Options Exercise	$0	-27.5K	-56.67%	$0.00	21.1K	Jun 30, 2023	Commmon Stock	27.5K		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 10,533 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.