NiSource Inc.
NiSource Inc. Increases CEO and CFO Compensation
Summary
On January 24-25, 2024, NiSource Inc.'s Board of Directors, on the recommendation of the Compensation and Human Capital Committee, increased the compensation package for Lloyd Yates, President and CEO, by approving a total target direct compensation of $10.645 million. This includes a salary increase, higher short-term and long-term incentive opportunities. Additionally, Shawn Anderson, Executive Vice President and CFO, was granted a one-time equity award valued at $2 million. The details of these compensation changes are furnished as exhibits to the filing.
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Filing Categories
Exhibits (3)
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About NiSource Inc.
NiSource Inc. is a prominent energy holding company primarily focused on the distribution and transmission of natural gas and electricity. The company operates through regulated utility subsidiaries, offering essential energy services to millions of customers across seven U.S. states, including Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. NiSource engages in two major business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution segment is responsible for the safe delivery of natural gas to residential, commercial, and industrial customers, playing a critical role in heating and powering homes and businesses. The Electric Operations segment involves the generation, transmission, and distribution of electricity, supporting vital infrastructure and fostering regional economic development. NiSource's strategic initiatives emphasize enhancing customer service, ensuring safety, and advancing environmental sustainability. As a key player in the utility industry, NiSource contributes significantly to the energy market, impacting sectors related to energy production, infrastructure, and environmental initiatives. The company's regulated business model aims to provide stable returns while pursuing growth opportunities in expanding its service offerings and improving energy efficiency.
Official SEC Documents
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