Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 351

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 351
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 $71.48 The weighted average grant-date fair value of performance shares granted for the years ended December 31, 2024, 2023 and 2022 was $55.87, $83.39 and $83.34, respectively.  As of December 31, 2024 and 2023, the number and weighted average grant-date fair value of unvested performance shares was 737,738 and $69.12 per share, and 485,480 and $85.20 per share, respectively.  During 2024, there were 72,723 performance shares at a weighted average grant-date fair value of $84.87 per share that vested during the year and were either paid or deferred.  As of December 31, 2024, 126,454 performance shares were fully vested and deferred.Compensation Expense:  The total compensation expense and associated future income tax benefits recognized by Eversource, CL&P, NSTAR Electric and PSNH for share-based compensation awards were as follows:EversourceFor the Years Ended December 31,(Millions of Dollars)202420232022Compensation Expense$30.0 $27.8 $33.4 Future Income Tax Benefit7.8 7.3 8.7  For the Years Ended December 31, 202420232022(Millions of Dollars)CL&PNSTARElectricPSNHCL&PNSTARElectricPSNHCL&PNSTARElectricPSNHCompensation Expense$9.3 $9.6 $3.6 $8.7 $8.7 $3.0 $10.0 $10.7 $3.6 Future Income Tax Benefit2.4 2.5 0.9 2.3 2.3 0.8 2.6 2.8 0.9 As of December 31, 2024, there was $31.2 million of total unrecognized compensation expense related to nonvested share-based awards for Eversource, including $5.5 million for CL&P, $8.8 million for NSTAR Electric, and $2.0 million for PSNH.  This cost is expected to be recognized ratably over a weighted-average period of 1.76 years for Eversource, CL&P, and PSNH and 1.77 years for