NiSource Management

Management criteria checks 3/4

NiSource's CEO is Lloyd Yates, appointed in Feb 2022, has a tenure of 2.08 years. total yearly compensation is $7.25M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 0.043% of the company’s shares, worth $5.11M. The average tenure of the management team and the board of directors is 2.1 years and 6.1 years respectively.

Key information

Lloyd Yates

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage	12.1%
CEO tenure	2.1yrs
CEO ownership	0.04%
Management average tenure	2.1yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lloyd Yates's remuneration changed compared to NiSource's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$662m
Sep 30 2023	n/a	n/a	US$667m
Jun 30 2023	n/a	n/a	US$642m
Mar 31 2023	n/a	n/a	US$655m
Dec 31 2022	US$7m	US$879k	US$749m
Sep 30 2022	n/a	n/a	US$670m
Jun 30 2022	n/a	n/a	US$668m
Mar 31 2022	n/a	n/a	US$661m
Dec 31 2021	US$252k	n/a	US$530m
Sep 30 2021	n/a	n/a	US$448m
Jun 30 2021	n/a	n/a	US$212m
Mar 31 2021	n/a	n/a	US$147m
Dec 31 2020	US$244k	n/a	-US$73m

Compensation vs Market: Lloyd's total compensation ($USD7.25M) is below average for companies of similar size in the US market ($USD12.10M).

Compensation vs Earnings: Lloyd's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Lloyd Yates (62 yo)

2.1yrs

Tenure

US$7,248,412

Compensation

Mr. Lloyd M. Yates served as Director of NiSource Inc. since March 9, 2020 and serves as its President and Chief Executive Officer since February 14, 2022. Mr. Yates served as an Independent Director of So...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lloyd Yates	President	2.1yrs	US$7.25m	0.043% $ 5.1m
Shawn Anderson	Executive VP & CFO	less than a year	US$1.72m	0.011% $ 1.3m
William Jefferson	Executive VP of Operations & Chief Safety Officer	2.2yrs	US$2.43m	0.0011% $ 128.6k
Donald Brown	Executive VP & Chief Innovation Officer	less than a year	US$2.88m	0.038% $ 4.5m
Melody Birmingham	Executive VP of NiSource & Group President of NiSource Utilities	1.7yrs	US$3.65m	0.0012% $ 146.3k
Gunnar Gode	VP, Chief Accounting Officer & Controller	3.6yrs	no data	0.0050% $ 585.1k
Kimberly Cuccia	Senior VP	2.3yrs	no data	0.0084% $ 992.1k
Melanie Berman	Senior VP & Chief Human Resources Officer	2.8yrs	no data	0.0016% $ 185.2k
Michael Luhrs	Executive VP of Strategy & Risk and Chief Commercial Officer	less than a year	no data	0.00020% $ 23.6k
Mark Kempic	President & COO of Columbia Gas of Pennsylvania and Maryland	no data	no data	no data
Michael Hooper	President & COO of NIPSCO	no data	no data	0.0082% $ 968.5k
Vince Parisi	President & COO of Columbia Gas of Ohio	3.8yrs	no data	no data

2.1yrs

Average Tenure

50yo

Average Age

Experienced Management: NI.PRB's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lloyd Yates	President	4yrs	US$7.25m	0.043% $ 5.1m
William Johnson	Independent Director	2yrs	US$251.29k	0.0014% $ 168.7k
Peter Altabef	Independent Director	7.2yrs	US$303.02k	0.0093% $ 1.1m
Kevin Kabat	Independent Chairman of the Board	8.7yrs	US$440.93k	0.012% $ 1.4m
Michael Jesanis	Independent Director	15.8yrs	US$275.52k	0.011% $ 1.3m
Deborah Henretta	Independent Director	8.7yrs	US$292.62k	0.013% $ 1.5m
Theodore Bunting	Independent Director	5.5yrs	US$293.02k	0.0076% $ 894.2k
Eric Butler	Independent Director	6.7yrs	US$293.02k	0.012% $ 1.4m
Sondra Barbour	Independent Director	2.2yrs	US$265.69k	0.0029% $ 348.0k
Aristides Candris	Independent Director	11.8yrs	US$303.02k	0.017% $ 2.0m
Deborah A. Hersman	Independent Director	4.8yrs	US$275.02k	0.0066% $ 783.3k
Cassandra Lee	Independent Director	2.1yrs	US$260.81k	0.0015% $ 181.7k

6.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: NI.PRB's board of directors are considered experienced (6.1 years average tenure).

NiSource Management

Management criteria checks 3/4

Key information

Recent management updates

NiSource Inc., Annual General Meeting, May 13, 2024

NiSource Announces Executive Changes for its Subsidiary NIPSCO

NiSource Inc. Announces Departure of Donald Brown as Executive Vice President and Chief Innovation Officer, Effective on or Before May 1, 2024

NiSource Inc. Announces Departure of Pablo Vegas as Executive Vice President

NiSource Inc. Announces Executive Changes, Effective July 1, 2022

NiSource Inc. Announces Retirement of Violet Sistovaris as Executive Vice President and Chief Experience Officer

Recent updates

NiSource Inc. to Report Q1, 2024 Results on May 08, 2024

John Chevedden an Exempt Solicitation Statement and Request Vote for the Proposal

NiSource Inc., Annual General Meeting, May 13, 2024

NiSource Inc. Declares Quarterly Common Stock Dividend, Payable on May 20, 2024

NiSource Announces Executive Changes for its Subsidiary NIPSCO

NiSource Inc. has filed a Follow-on Equity Offering in the amount of $900 million.

NiSource Inc. Announces Departure of Donald Brown as Executive Vice President and Chief Innovation Officer, Effective on or Before May 1, 2024

NiSource Inc. to Report Q4, 2023 Results on Feb 21, 2024

NiSource Inc. Declares Common Stock Dividend, Payable on February 20, 2024

NiSource Inc. to Report Q3, 2023 Results on Nov 01, 2023

NiSource Inc. Declares Common Stock Quarterly Dividend, Payable on November 20, 2023

An affiliate of Blackstone Infrastructure Partners, L.P., a fund managed by Blackstone Inc. (NYSE:BX), entered into a definitive agreement to acquire a 19.9% equity interest in Northern Indiana Public Service Company, LLC from NiSource Inc. (NYSE:NI) for $2.2 billion.

NiSource Inc. Declares Common Stock Dividend, Payable on August 18, 2023

NiSource Inc. to Report Q4, 2022 Results on Feb 22, 2023

NiSource Inc. Declares Quarterly Dividend, Payable on February 17, 2023

NiSource Inc. to Report Q3, 2022 Results on Nov 07, 2022

NiSource Inc. Announces Departure of Pablo Vegas as Executive Vice President

NiSource Inc. Declares Quarterly Dividend on Common Stock, Payable on November 18, 2022

NiSource Inc. to Report Q2, 2022 Results on Aug 03, 2022

NiSource Companies Launch Chatbots and Live Chat to Provide an Improved Customer Experience

NiSource Inc. Announces Executive Changes, Effective July 1, 2022

NiSource Inc. Declares Quarterly Common Stock Dividend, Payable on August 19, 2022

NiSource Inc. Announces Retirement of Violet Sistovaris as Executive Vice President and Chief Experience Officer

NiSource Inc., Annual General Meeting, May 24, 2022

NiSource Inc. to Report Q1, 2022 Results on May 04, 2022

Nisource Inc. Appoints Kim Cuccia as General Counsel and Corporate Secretary

NiSource Inc. to Report Q4, 2021 Results on Feb 23, 2022

NiSource Inc. Announces Executive Changes

NiSource Inc. Companies Launch Mobile Apps to Enhance Customer Experience

NiSource Inc. Provides Earnings Guidance for the Year 2021

Nisource Inc. Declares Quarterly Common Stock Dividend, Payable August 20, 2021

NiSource Inc. Does Not Provide Earnings Guidance for the Year 2021

NiSource Inc. Declares Quarterly Common Stock Dividend, Payable on May 20, 2021

Anne-Marie D'Angelo Elevated to Executive Vice President at NiSource

NiSource Inc. to Report Q4, 2020 Results on Feb 17, 2021

NiSource Inc. to Report Q3, 2020 Results on Nov 02, 2020

Primary Energy Ventures LLC backed by American Securities Capital Partners, LLC completed the acquisition of Primary Energy Inc. from Nisource Inc. (NYSE:NI).

NiSource Inc. to Report Q2, 2020 Results on Aug 05, 2020

NiSource Inc.(NYSE:NI) dropped from Russell 1000 Value-Defensive Index

CEO Compensation Analysis

CEO

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Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age