NiSource insider activity
What the executives and directors of NiSource actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$4.9M
net open-market flow, 12 m
0 open-market buys, 12 m
11.6%
of sale value on 10b5-1 plans, 12 m
1,125 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the 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 grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 89 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| May 11, 2026 | KABAT KEVIN T | 3,807 |
| May 11, 2026 | JOHNSON WILLIAM D | 3,807 |
| May 11, 2026 | ALTABEF PETER | 3,807 |
| May 11, 2026 | HENRETTA DEBORAH A | 3,807 |
| May 11, 2026 | Bunting Theodore H JR | 3,807 |
| May 11, 2026 | Jesanis Michael E | 3,807 |
| May 11, 2026 | BUTLER ERIC L | 3,807 |
| May 11, 2026 | McAvoy John | 3,807 |
| May 11, 2026 | Barbour Sondra L | 3,807 |
| May 11, 2026 | Hersman Deborah | 3,807 |
| May 11, 2026 | Lee Cassandra S. | 3,807 |
| Feb 27, 2026 | Yates Lloyd M | 409K |
| Feb 27, 2026 | BIRMINGHAM MELODY | 106K |
| Feb 27, 2026 | Gode Gunnar | 8,989 |
| Feb 27, 2026 | Anderson Shawn | 85K |
| Feb 27, 2026 | Cuccia Kimberly S | 46K |
| Feb 27, 2026 | Luhrs Michael | 93K |
| Feb 27, 2026 | Berman Melanie B. | 46K |
| Feb 27, 2026 | Jefferson William Jr. | 90K |
| Jan 26, 2026 | Anderson Shawn | 7,839 |
| Jan 22, 2026 | Luhrs Michael | 12K |
| Jan 22, 2026 | Yates Lloyd M | 44K |
| Jan 21, 2026 | BIRMINGHAM MELODY | 7,308 |
| Jan 21, 2026 | Gode Gunnar | 1,702 |
| Jan 21, 2026 | Anderson Shawn | 8,449 |
| Jan 21, 2026 | Cuccia Kimberly S | 5,937 |
| Jan 21, 2026 | Berman Melanie B. | 5,481 |
| Jan 21, 2026 | Jefferson William Jr. | 6,851 |
| Aug 11, 2025 | Gode Gunnar | 605 |
| May 12, 2025 | KABAT KEVIN T | 4,541 |
| May 12, 2025 | JOHNSON WILLIAM D | 4,541 |
| May 12, 2025 | ALTABEF PETER | 4,541 |
| May 12, 2025 | HENRETTA DEBORAH A | 4,541 |
| May 12, 2025 | Bunting Theodore H JR | 4,541 |
| May 12, 2025 | Jesanis Michael E | 65K |
| May 12, 2025 | BUTLER ERIC L | 4,541 |
| May 12, 2025 | McAvoy John | 4,541 |
| May 12, 2025 | Barbour Sondra L | 4,541 |
| May 12, 2025 | Hersman Deborah | 4,541 |
| May 12, 2025 | Lee Cassandra S. | 4,541 |
| Mar 27, 2025 | Luhrs Michael | 4,753 |
| Feb 28, 2025 | Yates Lloyd M | 343K |
| Feb 28, 2025 | Gode Gunnar | 10K |
| Feb 28, 2025 | Anderson Shawn | 35K |
| Feb 28, 2025 | Birmingham Melody | 94K |
| Feb 28, 2025 | Cuccia Kimberly S | 27K |
| Feb 28, 2025 | Berman Melanie B. | 20K |
| Feb 28, 2025 | Jefferson William Jr. | 53K |
| Jan 28, 2025 | Anderson Shawn | 7,320 |
| Jan 24, 2025 | Anderson Shawn | 16K |
| Jan 23, 2025 | Yates Lloyd M | 48K |
| Jan 22, 2025 | Gode Gunnar | 1,732 |
| Jan 22, 2025 | Birmingham Melody | 8,219 |
| Jan 22, 2025 | Cuccia Kimberly S | 6,253 |
| Jan 22, 2025 | Luhrs Michael | 61K |
| Jan 22, 2025 | Berman Melanie B. | 5,956 |
| Jan 22, 2025 | Jefferson William Jr. | 7,742 |
| Jul 1, 2024 | Birmingham Melody | 9,422 |
| Jul 1, 2024 | Jefferson William Jr. | 4,582 |
| May 13, 2024 | KABAT KEVIN T | 6,042 |
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.
The chart, in numbers
| Flow | Shares |
|---|---|
| Granted | 723K |
| Other in | 30K |
| Withheld for tax | 301K |
| Planned sales (10b5-1) | 13K |
| Discretionary sales | 95K |
| Kept | 344K |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to 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.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| Birmingham Melody | 47K | 83K | 175.8 |
Who holds what
the 14 largest holdings of 22| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| Yates Lloyd M Director and President & CEO Last trade May 21, 2026 | CEO | 520K | – | $950K | net selling over the year: 0 months buying, 1 month selling | May 21, 2026 |
| Brown Donald Eugene EVP & Chief Innovation Officer Last trade Mar 6, 2024 | Officer | 196K | – | – | Mar 6, 2024 | |
| Anderson Shawn EVP & CFO Last trade Feb 13, 2026 | CFO | 169K | – | $563K | net selling over the year: 0 months buying, 1 month selling | Feb 13, 2026 |
| Luhrs Michael EVP, Tech, Customer & CCO | Officer | 151K | – | – | – | |
| Jefferson William Jr. EVP, Chief Op & Safety Officer Last trade Aug 19, 2024 | Officer | 127K | – | – | Aug 19, 2024 | |
| Birmingham Melody EVP & Grp President, Utilities Last trade Aug 13, 2024 | Officer | 114K | – | – | Aug 13, 2024 | |
| Jesanis Michael E Last trade May 14, 2025 | Director | 83K | – | – | May 14, 2025 | |
| BIRMINGHAM MELODY EVP & Grp President, Utilities Last trade Aug 14, 2026 | Officer | 79K | – | $2.2M | net selling over the year: 0 months buying, 2 months selling | Aug 14, 2026 |
| Cuccia Kimberly S EVP, GC & Corporate Secretary Last trade Nov 25, 2025 | Officer | 78K | – | $345K | net selling over the year: 0 months buying, 1 month selling | Nov 25, 2025 |
| HENRETTA DEBORAH A | Director | 77K | – | – | – | |
| BUTLER ERIC L Last trade May 26, 2021 | Director | 68K | – | – | May 26, 2021 | |
| KABAT KEVIN T | Director | 66K | – | – | – | |
| ALTABEF PETER | Director | 57K | – | – | – | |
| Hooper Michael SVP and President, NIPSCO Last trade Mar 11, 2021 | Officer | 55K | – | – | Mar 11, 2021 |
Open-market trade log
the 60 most recent of 246| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026 | BIRMINGHAM MELODY (Officer) 38K shares $42.40 +0.0% since trade filed Aug 18, 2026 | Discretionary sale | 38K | $42.40 | $1.6M | +0.0% | Aug 18, 2026 |
| May 22, 2026 | Berman Melanie B. (Officer) 15K shares $47.68 −11.1% since trade filed May 27, 2026 | Discretionary sale | 15K | $47.68 | $715K | −11.1% | May 27, 2026 |
| May 21, 2026 | Yates Lloyd M (CEO) 20K shares $47.73 −11.2% since trade filed May 26, 2026 | Discretionary sale | 20K | $47.73 | $950K | −11.2% | May 26, 2026 |
| May 20, 2026 | BIRMINGHAM MELODY (Officer) 2,500 shares $47.43 −10.6% since trade filed May 21, 2026 | Discretionary sale | 2,500 | $47.43 | $119K | −10.6% | May 21, 2026 |
| May 14, 2026 | BIRMINGHAM MELODY (Officer) 10K shares $47.19 −10.1% since trade filed May 21, 2026 late | Discretionary sale | 10K | $47.19 | $472K | −10.1% | May 21, 2026 late |
| Feb 18, 2026 | Gode Gunnar (Officer) 2,175 shares $46.00 −7.8% since trade filed Feb 19, 2026 | Discretionary sale | 2,175 | $46.00 | $100K | −7.8% | Feb 19, 2026 |
| Feb 13, 2026 | Anderson Shawn (CFO) 13K shares $45.01 −5.8% since trade filed Feb 17, 2026 | Planned sale (10b5-1) | 13K | $45.01 | $563K | −5.8% | Feb 17, 2026 |
| Nov 25, 2025 | Cuccia Kimberly S (Officer) 8,000 shares $43.13 −1.7% since trade filed Nov 26, 2025 | Discretionary sale | 8,000 | $43.13 | $345K | −1.7% | Nov 26, 2025 |
| Aug 28, 2025 | Anderson Shawn (CFO) 11K shares $42.33 +0.2% since trade filed Sep 2, 2025 | Planned sale (10b5-1) | 11K | $42.33 | $470K | +0.2% | Sep 2, 2025 |
| May 30, 2025 | Berman Melanie B. (Officer) 6,227 shares $39.43 +7.5% since trade filed Jun 2, 2025 | Discretionary sale | 6,227 | $39.43 | $246K | +7.5% | Jun 2, 2025 |
| May 16, 2025 | Yates Lloyd M (CEO) 16K shares $38.93 +8.9% since trade filed May 19, 2025 | Discretionary sale | 16K | $38.93 | $628K | +8.9% | May 19, 2025 |
| May 14, 2025 | Jesanis Michael E (Director) 6,178 shares $37.81 +12.1% since trade filed May 15, 2025 | Planned sale (10b5-1) | 6,178 | $37.81 | $234K | +12.1% | May 15, 2025 |
| May 13, 2025 | Jesanis Michael E (Director) 4,000 shares $38.22 +10.9% since trade filed May 15, 2025 | Planned sale (10b5-1) | 4,000 | $38.22 | $153K | +10.9% | May 15, 2025 |
| Mar 3, 2025 | Anderson Shawn (CFO) 13K shares $40.79 +4.0% since trade filed Mar 4, 2025 | Planned sale (10b5-1) | 13K | $40.79 | $526K | +4.0% | Mar 4, 2025 |
| Feb 14, 2025 | Gode Gunnar (Officer) 5,500 shares $39.92 +6.2% since trade filed Feb 18, 2025 | Discretionary sale | 5,500 | $39.92 | $220K | +6.2% | Feb 18, 2025 |
| Aug 21, 2024 | Anderson Shawn (CFO) 6,730 shares $32.24 +31.5% since trade filed Aug 23, 2024 | Discretionary sale | 6,730 | $32.24 | $217K | +31.5% | Aug 23, 2024 |
| Aug 19, 2024 | Jefferson William Jr. (Officer) 4,364 shares $32.07 +32.2% since trade filed Aug 21, 2024 | Discretionary sale | 4,364 | $32.07 | $140K | +32.2% | Aug 21, 2024 |
| Aug 13, 2024 | Birmingham Melody (Officer) 7,151 shares $31.55 +34.4% since trade filed Aug 15, 2024 | Discretionary sale | 7,151 | $31.55 | $226K | +34.4% | Aug 15, 2024 |
| May 30, 2024 | Berman Melanie B. (Officer) 3,742 shares $27.96 +51.7% since trade filed Jun 3, 2024 | Discretionary sale | 3,742 | $27.96 | $105K | +51.7% | Jun 3, 2024 |
| Mar 15, 2024 | Gode Gunnar (Officer) 950 shares $26.46 +60.2% since trade filed Mar 19, 2024 | Discretionary sale | 950 | $26.46 | $25K | +60.2% | Mar 19, 2024 |
| Mar 6, 2024 | Brown Donald Eugene (Officer) 37K shares $26.78 +58.3% since trade filed Mar 7, 2024 | Discretionary sale | 37K | $26.78 | $1.0M | +58.3% | Mar 7, 2024 |
| Mar 5, 2024 | Berman Melanie B. (Officer) 11K shares $26.66 +59.0% since trade filed Mar 7, 2024 | Discretionary sale | 11K | $26.66 | $297K | +59.0% | Mar 7, 2024 |
| Nov 28, 2023 | Jesanis Michael E (Director) 5,000 shares $26.24 +61.6% since trade filed Nov 30, 2023 | Discretionary sale | 5,000 | $26.24 | $131K | +61.6% | Nov 30, 2023 |
| Aug 23, 2023 | Yates Lloyd M (CEO) 40K shares $26.44 +60.4% since trade filed Aug 25, 2023 | Open-market buy | 40K | $26.44 | $1.1M | +60.4% | Aug 25, 2023 |
| Aug 8, 2023 | Brown Donald Eugene (Officer) 14K shares $26.64 +59.2% since trade filed Aug 9, 2023 | Discretionary sale | 14K | $26.64 | $373K | +59.2% | Aug 9, 2023 |
| Aug 8, 2023 | Birmingham Melody (Officer) 5,385 shares $26.57 +59.6% since trade filed Aug 9, 2023 | Discretionary sale | 5,385 | $26.57 | $143K | +59.6% | Aug 9, 2023 |
| Aug 4, 2023 | Jefferson William Jr. (Officer) 4,875 shares $26.80 +58.2% since trade filed Aug 8, 2023 | Discretionary sale | 4,875 | $26.80 | $131K | +58.2% | Aug 8, 2023 |
| May 8, 2023 | Cuccia Kimberly S (Officer) 11K shares $28.54 +48.6% since trade filed May 10, 2023 | Discretionary sale | 11K | $28.54 | $318K | +48.6% | May 10, 2023 |
| Mar 15, 2023 | Berman Melanie B. (Officer) 298 shares $27.90 +52.0% since trade filed Mar 17, 2023 | Discretionary sale | 298 | $27.90 | $8K | +52.0% | Mar 17, 2023 |
| Mar 15, 2023 | Berman Melanie B. (Officer) 4,526 shares $27.89 +52.0% since trade filed Mar 17, 2023 | Discretionary sale | 4,526 | $27.89 | $126K | +52.0% | Mar 17, 2023 |
| Aug 20, 2021 | Brown Donald Eugene (CFO) 20K shares $25.68 filed Aug 23, 2021 | Discretionary sale | 20K | $25.68 | $507K | – | Aug 23, 2021 |
| Jul 1, 2021 | Vegas Pablo (COO) 5,384 shares $24.54 filed Jul 2, 2021 | Discretionary sale | 5,384 | $24.54 | $132K | – | Jul 2, 2021 |
| May 28, 2021 | Jesanis Michael E (Director) 993 shares $25.56 filed Jun 1, 2021 | Discretionary sale | 993 | $25.56 | $25K | – | Jun 1, 2021 |
| May 28, 2021 | Jesanis Michael E (Director) 3,007 shares $25.56 filed Jun 1, 2021 | Discretionary sale | 3,007 | $25.56 | $77K | – | Jun 1, 2021 |
| May 26, 2021 | BUTLER ERIC L (Director) 200 shares $25.37 filed May 26, 2021 | Open-market buy | 200 | $25.37 | $5K | – | May 26, 2021 |
| May 26, 2021 | BUTLER ERIC L (Director) 4,800 shares $25.37 filed May 26, 2021 | Open-market buy | 4,800 | $25.37 | $122K | – | May 26, 2021 |
| May 25, 2021 | BUTLER ERIC L (Director) 200 shares $25.33 filed May 26, 2021 | Open-market buy | 200 | $25.33 | $5K | – | May 26, 2021 |
| May 25, 2021 | BUTLER ERIC L (Director) 4,800 shares $25.38 filed May 26, 2021 | Open-market buy | 4,800 | $25.38 | $122K | – | May 26, 2021 |
| May 12, 2021 | Creekmur Daniel A (Officer) 2,308 shares $25.80 filed May 13, 2021 | Discretionary sale | 2,308 | $25.80 | $60K | – | May 13, 2021 |
| Mar 11, 2021 | Hooper Michael (Officer) 1,400 shares $22.24 filed Mar 12, 2021 | Discretionary sale | 1,400 | $22.24 | $31K | – | Mar 12, 2021 |
| Mar 11, 2021 | Hooper Michael (Officer) 3,600 shares $22.23 filed Mar 12, 2021 | Discretionary sale | 3,600 | $22.23 | $80K | – | Mar 12, 2021 |
| Mar 1, 2021 | Vegas Pablo (COO) 5,616 shares $21.84 filed Mar 3, 2021 | Discretionary sale | 5,616 | $21.84 | $123K | – | Mar 3, 2021 |
| Dec 1, 2020 | Anderson Shawn (Officer) 550 shares $24.57 filed Dec 2, 2020 | Discretionary sale | 550 | $24.57 | $14K | – | Dec 2, 2020 |
| Nov 9, 2020 | Creekmur Daniel A (Officer) 4,114 shares $24.29 filed Nov 10, 2020 | Discretionary sale | 4,114 | $24.29 | $100K | – | Nov 10, 2020 |
| Sep 15, 2020 | Shafer Charles Edward II (Officer) 1,650 shares $22.50 filed Sep 16, 2020 | Discretionary sale | 1,650 | $22.50 | $37K | – | Sep 16, 2020 |
| Mar 4, 2020 | Hightman Carrie J (Officer) 12K shares $29.50 filed Mar 5, 2020 | Discretionary sale | 12K | $29.50 | $345K | – | Mar 5, 2020 |
| Mar 4, 2020 | Mulpas Joseph W (Officer) 13K shares $29.66 filed Mar 5, 2020 | Discretionary sale | 13K | $29.66 | $375K | – | Mar 5, 2020 |
| Mar 4, 2020 | Surface Suzanne K. (Officer) 7,407 shares $28.75 filed Mar 5, 2020 | Discretionary sale | 7,407 | $28.75 | $213K | – | Mar 5, 2020 |
| Mar 2, 2020 | Vegas Pablo (Officer) 11K shares $27.02 filed Mar 3, 2020 | Discretionary sale | 11K | $27.02 | $301K | – | Mar 3, 2020 |
| Aug 14, 2019 | Jesanis Michael E (Director) 6,000 shares $29.01 filed Aug 15, 2019 | Discretionary sale | 6,000 | $29.01 | $174K | – | Aug 15, 2019 |
| Aug 6, 2019 | Brown Donald Eugene (CFO) 700 shares $28.05 filed Aug 7, 2019 | Discretionary sale | 700 | $28.05 | $20K | – | Aug 7, 2019 |
| Aug 6, 2019 | Brown Donald Eugene (CFO) 9,300 shares $28.04 filed Aug 7, 2019 | Discretionary sale | 9,300 | $28.04 | $261K | – | Aug 7, 2019 |
| Aug 5, 2019 | Sistovaris Violet (Officer) 40K shares $29.16 filed Aug 6, 2019 | Discretionary sale | 40K | $29.16 | $1.2M | – | Aug 6, 2019 |
| Aug 2, 2019 | Hightman Carrie J (Officer) 22K shares $29.96 filed Aug 6, 2019 | Discretionary sale | 22K | $29.96 | $659K | – | Aug 6, 2019 |
| Aug 2, 2019 | Jesanis Michael E (Director) 4,000 shares $29.96 filed Aug 6, 2019 | Discretionary sale | 4,000 | $29.96 | $120K | – | Aug 6, 2019 |
| Aug 2, 2019 | Mulpas Joseph W (Officer) 12K shares $29.78 filed Aug 6, 2019 | Discretionary sale | 12K | $29.78 | $357K | – | Aug 6, 2019 |
| Aug 2, 2019 | Vegas Pablo (Officer) 40K shares $29.94 filed Aug 6, 2019 | Discretionary sale | 40K | $29.94 | $1.2M | – | Aug 6, 2019 |
| Aug 2, 2019 | Disser Peter T (Officer) 14K shares $29.96 filed Aug 6, 2019 | Discretionary sale | 14K | $29.96 | $404K | – | Aug 6, 2019 |
| Nov 8, 2018 | Brown Donald Eugene (CFO) 2,400 shares $26.18 filed Nov 9, 2018 | Discretionary sale | 2,400 | $26.18 | $63K | – | Nov 9, 2018 |
| Aug 10, 2018 | Hightman Carrie J (Officer) 8,447 shares $26.76 filed Aug 14, 2018 | Discretionary sale | 8,447 | $26.76 | $226K | – | Aug 14, 2018 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
113 Forms 4, 3 years
1 filed late
1 amendments
2 avg. days to file
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.