Catherine S. Stempien - 01 Mar 2024 Form 4 Insider Report for Avangrid, Inc.

Role
Officer
Signature
/s/ Elizabeth K. Riotte by Power of Attorney
Issuer symbol
N/A
Transactions as of
01 Mar 2024
Net transactions value
-$158,545
Form type
4
Filing time
04 Mar 2024, 18:14:50 UTC
Previous 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 +126% $0.000000 29,096 01 Mar 2024 Direct F1
transaction AGR Commmon Stock Tax liability $158,545 -5,093 -18% $31.13 24,003 01 Mar 2024 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 -16,250 -50% $0.000000 16,250 01 Mar 2024 Commmon Stock 16,250 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 or before June 30, 2023, March 31, 2024 and March 31, 2025.

Remarks:

Chief Executive Officer and President of Avangrid Networks, Inc.