NiSource Inc. insider Michael E. Jesanis reported an ownership change in the company’s common stock on a Form 4 filed July 15, 2026, covering a transaction dated July 13, 2026. The filing describes the action as a transfer of shares from indirect ownership to direct ownership. According to the explanatory note, the transfer is exempt from Section 16 reporting under Rule 16a-13, which generally applies to certain changes in the form of beneficial ownership that do not represent a market purchase or sale. In practical terms, the report indicates a change in how Jesanis holds NiSource common stock rather than a disposition to an outside buyer or an acquisition from the market. The filing also notes that the reported ownership amount includes restricted stock units, or RSUs, received under the dividend-equivalent provisions of existing RSU awards. Those additional RSUs remain subject to the same vesting conditions as the underlying RSU grants. Dividend-equivalent RSUs are commonly credited when a company pays dividends on common stock and equity awards provide for equivalent value to be delivered in additional units. The document text provided does not specify the number of shares transferred, the exact post-transaction ownership total, a transaction price, or a transaction code. It also does not report an open-market purchase or sale. The key corporate governance significance is that a NiSource insider updated the public record to reflect a change from indirect to direct beneficial ownership, while also clarifying that some of the reported holdings consist of RSUs accrued through dividend-equivalent rights and still subject to vesting.