Public Service Enterprise (NYSE: PEG) CEO trims stake with 2,083-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PUBLIC SERVICE ENTERPRISE GROUP INC Chair, President and CEO Ralph A. LaRossa reported an open-market sale of 2,083 shares of Common Stock. The shares were sold at a weighted average price of $77.0139 per share, with individual sale prices ranging from $76.4700 to $77.8500.
Following this transaction, LaRossa directly owns about 287,231.9713 shares of the company’s common stock. The sale represents a small portion of his overall reported direct holdings and appears as a routine portfolio adjustment by a senior executive.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,083 shares ($160,420)
Net Sell
1 txn
Insider
LaRossa Ralph A
Role
Chair, President and CEO
Sold
2,083 shs ($160K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,083 | $77.0139 | $160K |
Holdings After Transaction:
Common Stock — 287,231.971 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,083 shares
Average sale price: $77.0139 per share
Post-transaction holdings: 287,231.9713 shares
+2 more
5 metrics
Shares sold
2,083 shares
Open-market sale of Common Stock
Average sale price
$77.0139 per share
Weighted average sale price for 2,083 shares
Post-transaction holdings
287,231.9713 shares
Directly owned Common Stock after sale
Sale price range low
$76.4700 per share
Low end of reported trade price range
Sale price range high
$77.8500 per share
High end of reported trade price range
Key Terms
open-market sale, weighted average price, Common Stock
3 terms
open-market sale financial
"The filing reports an open-market sale of common stock, coded as “S”"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"This represents the weighted average price of shares at a range"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"reported an open-market sale of 2,083 shares of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What type of transaction did the PEG CEO report on this Form 4?
The filing reports an open-market sale of common stock, coded as “S” for a sale in open market or private transaction. It involved 2,083 shares and reflects a net-sell direction for this reported activity.
Does the PEG CEO’s Form 4 mention a price range for the sale?
Yes. A footnote states the weighted average price reflects trades made between $76.4700 and $77.8500 per share. The CEO undertakes to provide full trade-by-trade price details upon request.