Public Service Enterprise Group Chair & CEO Sells $141K in Shares Under 10b5-1 Plan
PUBLIC SERVICE ENTERPRISE GROUP INC
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Filing Summary
📊 Insider Transaction Report: PEG Insider: Ralph A. LaRossa (Chair, President and CEO) Action: Sold 2,083 shares of Common Stock at an average price of $67.48 (~$140,571 total value). Post-Transaction Holdings: 279,490.46 shares Plan: Rule 10b5-1 adopted plan Significance: Low (Sale represents <1% of holdings)
Comprehensive Analysis
Executive Summary
On October 1, 2026, Ralph A. LaRossa, Chair, President, and CEO of Public Service Enterprise Group Inc ($PEG), executed an open-market sale of 2,083 shares of common stock at a volume-weighted average price of $67.4848 (ranging from $66.76 to $67.96). The gross proceeds from the transaction totaled approximately $140,571.
Transaction Details & Context
- Role: Director and Officer (Chair, President and CEO)
- Pre-Transaction Direct Holdings: ~281,573.46 shares
- Shares Sold: 2,083 shares (~0.74% of direct holdings)
- Post-Transaction Direct Holdings: 279,490.46 shares
- 10b5-1 Plan Indicator: The filing indicates the sale was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan.
Market Impact & Significance
The trading significance of this filing is assessed as Low. While transactions by a CEO warrant routine monitoring, the transaction size is minor relative to Mr. LaRossa's aggregate equity stake, reducing his direct position by under 1%. In addition, the transaction was conducted pursuant to an affirmative Rule 10b5-1 trading plan, signaling programmed execution rather than discretionary, opportunistic selling based on non-public developments.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
