What the executives and directors of NiSource actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Yates Lloyd M Director and President & CEO | CEO | 519.6K | — | $950K |
| Brown Donald Eugene EVP & Chief Innovation Officer | Officer | 195.9K | — | — |
| Anderson Shawn EVP & CFO | CFO | 169.4K | — | $1M |
| Luhrs Michael EVP, Tech, Customer & CCO | Officer | 151.4K | — | — |
| Jefferson William Jr. EVP, Chief Op & Safety Officer | Officer | 127.4K | — | — |
| BIRMINGHAM MELODY EVP & Grp President, Utilities | Officer | 116K | — | $590K |
| Birmingham Melody EVP & Grp President, Utilities | Officer | 113.6K | — | — |
| Jesanis Michael E | Director | 82.9K | — | — |
| Cuccia Kimberly S EVP, GC & Corporate Secretary | Officer | 77.9K | — | $345K |
| HENRETTA DEBORAH A | Director | 77.2K | — | — |
| BUTLER ERIC L | Director | 67.7K | — | — |
| KABAT KEVIN T | Director | 66.5K | — | — |
| ALTABEF PETER | Director | 56.6K | — | — |
| Hooper Michael SVP and President, NIPSCO | Officer | 55.3K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-22 | Berman Melanie B. (Officer) | Discretionary sale | 15K | $47.68 | $715K |
| 2026-05-21 | Yates Lloyd M (CEO) | Discretionary sale | 19.9K | $47.73 | $950K |
| 2026-05-20 | BIRMINGHAM MELODY (Officer) | Discretionary sale | 2,500 | $47.43 | $119K |
| 2026-05-14 | BIRMINGHAM MELODY (Officer) | Discretionary sale | 10K | $47.19 | $472K |
| 2026-02-18 | Gode Gunnar (Officer) | Discretionary sale | 2,175 | $46.00 | $100K |
| 2026-02-13 | Anderson Shawn (CFO) | Planned sale (10b5-1) | 12.5K | $45.01 | $563K |
| 2025-11-25 | Cuccia Kimberly S (Officer) | Discretionary sale | 8,000 | $43.13 | $345K |
| 2025-08-28 | Anderson Shawn (CFO) | Planned sale (10b5-1) | 11.1K | $42.33 | $470K |
| 2025-05-30 | Berman Melanie B. (Officer) | Discretionary sale | 6,227 | $39.43 | $246K |
| 2025-05-16 | Yates Lloyd M (CEO) | Discretionary sale | 16.1K | $38.93 | $628K |
| 2025-05-14 | Jesanis Michael E (Director) | Planned sale (10b5-1) | 6,178 | $37.81 | $234K |
| 2025-05-13 | Jesanis Michael E (Director) | Planned sale (10b5-1) | 4,000 | $38.22 | $153K |
| 2025-03-03 | Anderson Shawn (CFO) | Planned sale (10b5-1) | 12.9K | $40.79 | $526K |
| 2025-02-14 | Gode Gunnar (Officer) | Discretionary sale | 5,500 | $39.92 | $220K |
| 2024-08-21 | Anderson Shawn (CFO) | Discretionary sale | 6,730 | $32.24 | $217K |
| 2024-08-19 | Jefferson William Jr. (Officer) | Discretionary sale | 4,364 | $32.07 | $140K |
| 2024-08-13 | Birmingham Melody (Officer) | Discretionary sale | 7,151 | $31.55 | $226K |
| 2024-05-30 | Berman Melanie B. (Officer) | Discretionary sale | 3,742 | $27.96 | $105K |
| 2024-03-15 | Gode Gunnar (Officer) | Discretionary sale | 950 | $26.46 | $25K |
| 2024-03-06 | Brown Donald Eugene (Officer) | Discretionary sale | 37.5K | $26.78 | $1M |
| 2024-03-05 | Berman Melanie B. (Officer) | Discretionary sale | 11.1K | $26.66 | $297K |
| 2023-11-28 | Jesanis Michael E (Director) | Discretionary sale | 5,000 | $26.24 | $131K |
| 2023-08-23 | Yates Lloyd M (CEO) | Open-market buy | 40K | $26.44 | $1.1M |
| 2023-08-08 | Brown Donald Eugene (Officer) | Discretionary sale | 14K | $26.64 | $373K |
| 2023-08-08 | Birmingham Melody (Officer) | Discretionary sale | 5,385 | $26.57 | $143K |
| 2023-08-04 | Jefferson William Jr. (Officer) | Discretionary sale | 4,875 | $26.80 | $131K |
| 2023-05-08 | Cuccia Kimberly S (Officer) | Discretionary sale | 11.2K | $28.54 | $318K |
| 2023-03-15 | Berman Melanie B. (Officer) | Discretionary sale | 298 | $27.90 | $8K |
| 2023-03-15 | Berman Melanie B. (Officer) | Discretionary sale | 4,526 | $27.89 | $126K |
| 2021-08-20 | Brown Donald Eugene (CFO) | Discretionary sale | 19.8K | $25.68 | $507K |
| 2021-07-01 | Vegas Pablo (COO) | Discretionary sale | 5,384 | $24.54 | $132K |
| 2021-05-28 | Jesanis Michael E (Director) | Discretionary sale | 993 | $25.56 | $25K |
| 2021-05-28 | Jesanis Michael E (Director) | Discretionary sale | 3,007 | $25.56 | $77K |
| 2021-05-26 | BUTLER ERIC L (Director) | Open-market buy | 200 | $25.37 | $5K |
| 2021-05-26 | BUTLER ERIC L (Director) | Open-market buy | 4,800 | $25.37 | $122K |
| 2021-05-25 | BUTLER ERIC L (Director) | Open-market buy | 200 | $25.33 | $5K |
| 2021-05-25 | BUTLER ERIC L (Director) | Open-market buy | 4,800 | $25.38 | $122K |
| 2021-05-12 | Creekmur Daniel A (Officer) | Discretionary sale | 2,308 | $25.80 | $60K |
| 2021-03-11 | Hooper Michael (Officer) | Discretionary sale | 1,400 | $22.24 | $31K |
| 2021-03-11 | Hooper Michael (Officer) | Discretionary sale | 3,600 | $22.23 | $80K |
| 2021-03-01 | Vegas Pablo (COO) | Discretionary sale | 5,616 | $21.84 | $123K |
| 2020-12-01 | Anderson Shawn (Officer) | Discretionary sale | 550 | $24.57 | $14K |
| 2020-11-09 | Creekmur Daniel A (Officer) | Discretionary sale | 4,114 | $24.29 | $100K |
| 2020-09-15 | Shafer Charles Edward II (Officer) | Discretionary sale | 1,650 | $22.50 | $37K |
| 2020-03-04 | Hightman Carrie J (Officer) | Discretionary sale | 11.7K | $29.50 | $345K |
| 2020-03-04 | Mulpas Joseph W (Officer) | Discretionary sale | 12.7K | $29.66 | $375K |
| 2020-03-04 | Surface Suzanne K. (Officer) | Discretionary sale | 7,407 | $28.75 | $213K |
| 2020-03-02 | Vegas Pablo (Officer) | Discretionary sale | 11.1K | $27.02 | $301K |
| 2019-08-14 | Jesanis Michael E (Director) | Discretionary sale | 6,000 | $29.01 | $174K |
| 2019-08-06 | Brown Donald Eugene (CFO) | Discretionary sale | 700 | $28.05 | $20K |
| 2019-08-06 | Brown Donald Eugene (CFO) | Discretionary sale | 9,300 | $28.04 | $261K |
| 2019-08-05 | Sistovaris Violet (Officer) | Discretionary sale | 40.4K | $29.16 | $1.2M |
| 2019-08-02 | Hightman Carrie J (Officer) | Discretionary sale | 22K | $29.96 | $659K |
| 2019-08-02 | Jesanis Michael E (Director) | Discretionary sale | 4,000 | $29.96 | $120K |
| 2019-08-02 | Mulpas Joseph W (Officer) | Discretionary sale | 12K | $29.78 | $357K |
| 2019-08-02 | Vegas Pablo (Officer) | Discretionary sale | 39.6K | $29.94 | $1.2M |
| 2019-08-02 | Disser Peter T (Officer) | Discretionary sale | 13.5K | $29.96 | $404K |
| 2018-11-08 | Brown Donald Eugene (CFO) | Discretionary sale | 2,400 | $26.18 | $63K |
| 2018-08-10 | Hightman Carrie J (Officer) | Discretionary sale | 8,447 | $26.76 | $226K |
| 2018-08-10 | Hightman Carrie J (Officer) | Discretionary sale | 18.6K | $26.75 | $496K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.