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AI English summary of an SEC filing — figures as filed

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NiSource said the Compensation and Human Capital Committee of its Board of Directors granted a one-time award to Michael Luhrs on January 22, 2025.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary

  1. NiSource said the Compensation and Human Capital Committee of its Board of Directors granted a one-time award to Michael Luhrs on January 22, 2025.

  2. The company said Luhrs will receive an equity award valued at $2 million on the grant date, consisting of 52,938 restricted stock units.

  3. The company said the award generally vests 33% on January 22, 2026, 33% on January 22, 2027 and 34% on January 22, 2028.

  4. It said Luhrs is Executive Vice President, Strategy Risk and Chief Commercial Officer, and the award also vests in connection with certain separations from service.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

One-Time Equity Award Granted

NiSource said the Compensation and Human Capital Committee of its Board of Directors granted a one-time award to Michael Luhrs on January 22, 2025.

Source · Based on the filing body and exhibits

Award Value: $2 million, 52,938 RSUs

The company said Luhrs will receive an equity award valued at $2 million on the grant date, consisting of 52,938 restricted stock units.

Source · Based on the filing body and exhibits

Vesting Schedule 33%, 33% and 34%

The company said the award generally vests 33% on January 22, 2026, 33% on January 22, 2027 and 34% on January 22, 2028.

Source · Based on the filing body and exhibits

Executive Eligibility and Vesting upon Certain Separations

It said Luhrs is Executive Vice President, Strategy Risk and Chief Commercial Officer, and the award also vests in connection with certain separations from service.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.