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AI brief of an SEC Form 8-K · NiSource (NI)

NiSource grants $2 million one-time restricted stock award to executive Michael Luhrs

Neutral Impact 2 of 5 shareholder Written later

NiSource's compensation committee granted a one-time equity award to Michael Luhrs, Executive Vice President, Strategy Risk and Chief Commercial Officer, on January 22, 2025. The award is valued at $2 million on the grant date and vests in stages through 2028, which ties a portion of his pay to continued service.

Key points

  • Award granted January 22, 2025, by the Compensation and Human Capital Committee
  • Valued at $2 million on the grant date, consisting of 52,938 restricted stock units
  • Vests 33% on January 22, 2026, 33% on January 22, 2027 and 34% on January 22, 2028
  • Vesting may also occur in connection with certain separations from service

The filing

CompanyNiSource (NI)
Form8-K, current report
Filed with the SECJan 24, 2025, 4:40 PM ET
Accession number0001193125-25-012250

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.