Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 350

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 350
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RSUs:  Eversource granted RSUs under the annual long-term incentive programs that are subject to three-year graded vesting schedules for employees, and one-year graded vesting schedules, or immediate vesting, for board members.  RSUs are paid in shares, reduced by amounts sufficient to satisfy withholdings for income taxes, subsequent to vesting.  A summary of RSU transactions is as follows: RSUs(Units)Weighted AverageGrant-Date Fair ValueOutstanding as of December 31, 2023672,242 $65.89 Granted372,400 $57.93 Shares Issued(289,372)$65.25 Forfeited(39,828)$66.91 Outstanding as of December 31, 2024715,442 $61.95 The weighted average grant-date fair value of RSUs granted for the years ended December 31, 2024, 2023 and 2022 was $57.93, $76.42 and $85.96, respectively.  As of December 31, 2024 and 2023, the number and weighted average grant-date fair value of unvested RSUs was 455,620 and $65.29 per share, and 326,581 and $80.76 per share, respectively.  During 2024, there were 280,938 RSUs at a weighted average grant-date fair value of $65.20 per share that vested during the year and were either paid or deferred.  As of December 31, 2024, 259,822 RSUs were fully vested and deferred and an additional 432,839 are expected to vest.   Performance Shares:  Eversource granted performance shares under the annual long-term incentive programs that vest based upon the extent to which Company goals are achieved at the end of three-year performance measurement periods.  Performance shares are paid in shares, after the performance measurement period.  A summary of performance share transactions is as follows:Performance Shares(Units)Weighted AverageGrant-Date Fair ValueOutstanding as of December 31, 2023664,424 $85.33 Granted431,789 $55.87 Shares Issued(126,054)$85.54 Forfeited(105,967)$77.98 Outstanding as of December 31, 2024864,192