NiSource Management

Management criteria checks 3/4

NiSource's CEO is Lloyd Yates, appointed in Feb 2022, has a tenure of 2.17 years. total yearly compensation is $9.22M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth $1.69M. The average tenure of the management team and the board of directors is 2.3 years and 5.2 years respectively.

Key information

Lloyd Yates

Chief executive officer

US$9.2m

Total compensation

CEO salary percentage	11.3%
CEO tenure	2.2yrs
CEO ownership	0.01%
Management average tenure	2.3yrs
Board average tenure	5.2yrs

Recent management updates

Recent updates

NiSource Inc.: While Slightly Undervalued, Higher For Longer May Bring A Deeper Discount

Apr 08

NiSource Inc.'s (NYSE:NI) Intrinsic Value Is Potentially 100% Above Its Share Price

Jan 21

Here's What To Make Of NiSource's (NYSE:NI) Decelerating Rates Of Return

Nov 08

NiSource Q3 2022 Earnings Preview

Nov 04

NiSource (NYSE:NI) Seems To Be Using A Lot Of Debt

Oct 12

With EPS Growth And More, NiSource (NYSE:NI) Makes An Interesting Case

Sep 05

NiSource declares $0.235 dividend

Aug 09

NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward

Aug 09

NiSource Q2 2022 Earnings Preview

Aug 02

NiSource (NYSE:NI) Use Of Debt Could Be Considered Risky

Jul 06

If You Like EPS Growth Then Check Out NiSource (NYSE:NI) Before It's Too Late

Jun 06

NiSource's (NYSE:NI) Returns Have Hit A Wall

May 09

These 4 Measures Indicate That NiSource (NYSE:NI) Is Using Debt Extensively

Apr 04

NiSource Inc. (NYSE:NI) Shares Could Be 25% Above Their Intrinsic Value Estimate

Mar 14

The Returns At NiSource (NYSE:NI) Aren't Growing

Jan 30

Off-Radar NiSource Keeps Optionality For Electric Generation

Jan 04

Is NiSource (NYSE:NI) A Risky Investment?

Dec 17

Are NiSource Inc. (NYSE:NI) Investors Paying Above The Intrinsic Value?

Nov 26

CEO Compensation Analysis

How has Lloyd Yates's remuneration changed compared to NiSource's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$9m	US$1m	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 ($USD9.22M) is below average for companies of similar size in the US market ($USD13.51M).

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)

2.2yrs

Tenure

US$9,216,681

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	2.2yrs	US$9.22m	0.013% $ 1.7m
Shawn Anderson	Executive VP & CFO	1.1yrs	US$2.56m	0.011% $ 1.4m
William Jefferson	Executive VP & Chief Operating and Safety Officer	2.3yrs	US$2.58m	0.0011% $ 137.7k
Melody Birmingham	Executive VP & Group President of Utilities	1.8yrs	US$2.91m	0.0013% $ 157.9k
Michael Luhrs	Executive VP of Strategy & Risk and Chief Commercial Officer	1.1yrs	US$2.93m	0.00020% $ 25.3k
Gunnar Gode	VP, Chief Accounting Officer & Controller	3.7yrs	no data	0.0047% $ 598.7k
Melanie Berman	Chief Human Resources Officer & Senior VP of Administration	2.8yrs	no data	0.0016% $ 198.3k
Kimberly Cuccia	Senior VP	2.4yrs	no data	0.0084% $ 1.1m
Mark Kempic	President & COO of Columbia Gas of Pennsylvania and Maryland	no data	no data	no data
Vincent Parisi	President & COO of NIPSCO	3.8yrs	no data	no data
Jennifer Montague	President & COO of Columbia Gas of Virginia	no data	no data	no data
Kimra Cole	President & COO of Columbia Gas of Kentucky	no data	no data	no data

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: NI's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lloyd Yates	President	4.1yrs	US$9.22m	0.013% $ 1.7m
William Johnson	Independent Director	2.1yrs	US$251.29k	0.0015% $ 188.2k
Peter Altabef	Independent Director	7.3yrs	US$300.00k	0.0080% $ 1.0m
Kevin Kabat	Independent Chairman of the Board	8.8yrs	US$435.00k	0.010% $ 1.3m
Michael Jesanis	Independent Director	15.9yrs	US$284.00k	0.0094% $ 1.2m
Deborah Henretta	Independent Director	8.8yrs	US$295.00k	0.0010% $ 131.4k
Theodore Bunting	Independent Director	5.6yrs	US$295.00k	0.0063% $ 800.7k
Eric Butler	Independent Director	6.8yrs	US$295.00k	0.010% $ 1.3m
Sondra Barbour	Independent Director	2.3yrs	US$275.00k	0.0016% $ 208.4k
John McAvoy	Independent Director	less than a year	no data	0% $ 0
Deborah A. Hersman	Independent Director	4.8yrs	US$278.00k	0.0033% $ 413.0k
Cassandra Lee	Independent Director	2.2yrs	US$260.81k	0.0016% $ 202.1k

5.2yrs

Average Tenure

62yo

Average Age

Experienced Board: NI's board of directors are considered experienced (5.2 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

Executive VP & Chief Innovation Officer recently sold US$1.0m worth of stock

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

Senior VP recently sold US$318k worth of stock

Insider recently sold US$135k worth of stock

Recent updates

Upcoming dividend of US$0.27 per share

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

NiSource Inc.: While Slightly Undervalued, Higher For Longer May Bring A Deeper Discount

With NiSource Inc. (NYSE:NI) It Looks Like You'll Get What You Pay For

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

Fourth quarter dividend of US$0.27 announced

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

NiSource Announces Executive Changes for its Subsidiary NIPSCO

Executive VP & Chief Innovation Officer recently sold US$1.0m worth of stock

NiSource: A Less Risky Infrastructure Investment With A Growing Yield

Full year 2023 earnings: EPS and revenues miss analyst expectations

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

Third quarter dividend increased to US$0.27

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

NiSource (NYSE:NI) Shareholders Will Want The ROCE Trajectory To Continue

A Look At The Fair Value Of NiSource Inc. (NYSE:NI)

NiSource: On Your Mark, Get Set, But Not Yet

NiSource: Positioned For Solid Dividend Growth

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$0.25 per share at 4.0% yield

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

Calculating The Intrinsic Value Of NiSource Inc. (NYSE:NI)

NiSource: A Stable Utility Trading At An Attractive Valuation

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

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

NiSource (NYSE:NI) Has A Somewhat Strained Balance Sheet

Upcoming dividend of US$0.25 per share at 3.6% yield

NiSource Stock Looks Fairly Valued

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 (NYSE:NI) Has More To Do To Multiply In Value Going Forward

Calculating The Fair Value Of NiSource Inc. (NYSE:NI)

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

Senior VP recently sold US$318k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why We Think NiSource (NYSE:NI) Might Deserve Your Attention Today

Upcoming dividend of US$0.25 per share at 3.5% yield

NiSource's (NYSE:NI) Upcoming Dividend Will Be Larger Than Last Year's

Insider recently sold US$135k worth of stock

Insider notifies of intention to sell stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

NiSource: A Risky Bet In A Stable Industry

Investors Met With Slowing Returns on Capital At NiSource (NYSE:NI)

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

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

NiSource declares $0.25 dividend

NiSource Inc.'s (NYSE:NI) Intrinsic Value Is Potentially 100% Above Its Share Price

Price target decreased to US$29.36

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Here's What To Make Of NiSource's (NYSE:NI) Decelerating Rates Of Return

NiSource Q3 2022 Earnings Preview

Upcoming dividend of US$0.23 per share

NiSource (NYSE:NI) Seems To Be Using A Lot Of Debt

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

With EPS Growth And More, NiSource (NYSE:NI) Makes An Interesting Case

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 declares $0.235 dividend

NiSource (NYSE:NI) Has More To Do To Multiply In Value Going Forward

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

NiSource Q2 2022 Earnings Preview

High number of new directors

Upcoming dividend of US$0.23 per share

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

NiSource (NYSE:NI) Use Of Debt Could Be Considered Risky

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

If You Like EPS Growth Then Check Out NiSource (NYSE:NI) Before It's Too Late

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