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

Role: Chief Executive Officer, Director
Signature: /s/ Elizabeth K. Riotte, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 30 Jun 2023
Net transactions value: -$194,654
Form type: 4
Filing time: 05 Jul 2023, 11:00:26 UTC
Previous filing: 13 Apr 2023
Next filing: 11 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGR	Common Shares	Options Exercise	$0	+10,533	+121%	$0.000000	19,223	30 Jun 2023	Direct	F1
transaction	AGR	Common Shares	Tax liability	$194,654	-4,881	-25%	$39.88	14,342	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 Share Units	Options Exercise	$0	-27,546	-57%	$0.000000	21,064	30 Jun 2023	Commmon Stock	27,546		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.