Nisource Inc.

Nisource

NI · NYSE

Industrials

Catalog as of September 15, 2026. Not a live market feed.

Fiscal Year: 2025
Revenue: $6.5B
Assets: $35.9B
SEC filing: DEF 14A
Filed: March 30, 2026

Executive Compensation

Compensation reported for Nisource’s named executive officers, including salary, stock awards, incentive compensation, other compensation, and total compensation.

Named executive officer compensation
Executive	Position	Salary	Stock Awards	Incentives	Option Awards	Other	Reported total
Lloyd Yates	President and CEO	$1,191,667	$9,619,864	$2,261,784	$0	$124,485	$13,197,800
Michael Luhrs	Evp, Technology, Customer And Chief Commercial Officer	$641,667	$3,595,266	$1,000,000	$0	$59,430	$5,296,363
Shawn Anderson	EVP and CFO	$670,833	$1,818,069	$734,563	$0	$72,958	$3,296,423
Melody Birmingham	EVP and Group President, Utilities	$686,667	$1,672,630	$751,900	$0	$56,610	$3,167,807
William Jefferson	EVP, Chief Operating and Safety Officer	$645,833	$1,575,681	$707,188	$0	$69,778	$2,998,480

Lloyd Yates
President and CEO
$13.2M
Reported total
Salary
$1,191,667
Stock awards
$9,619,864
Incentives
$2,261,784
Option awards
$0
Other
$124,485
Michael Luhrs
Evp, Technology, Customer And Chief Commercial Officer
$5.3M
Reported total
Salary
$641,667
Stock awards
$3,595,266
Incentives
$1,000,000
Option awards
$0
Other
$59,430
Shawn Anderson
EVP and CFO
$3.3M
Reported total
Salary
$670,833
Stock awards
$1,818,069
Incentives
$734,563
Option awards
$0
Other
$72,958
Melody Birmingham
EVP and Group President, Utilities
$3.2M
Reported total
Salary
$686,667
Stock awards
$1,672,630
Incentives
$751,900
Option awards
$0
Other
$56,610
William Jefferson
EVP, Chief Operating and Safety Officer
$3M
Reported total
Salary
$645,833
Stock awards
$1,575,681
Incentives
$707,188
Option awards
$0
Other
$69,778

Lloyd Yates

President and CEO

$13.2M

Reported total · FY2025 · SCT Total as filed

Source: DEF 14A Summary Compensation Table, filed March 30, 2026.

Salary: $1.2M
Stock Awards: $9.6M
Incentives: $2.3M
Other: $124K

Historical Compensation

Lloyd Yates total compensation, fiscal years 2023–2025.

Year-by-year total compensation
Fiscal Year	Salary	Stock Awards	Total Compensation
2025	$1,191,667	$9,619,864	$13,197,800
2024	$1,133,334	$8,266,041	$12,784,970
2023	$1,041,667	$5,208,422	$9,216,680

Named Executive Officers

Lloyd Yates

President and CEO

Nisource · NI

$13.2M

FY 2025 · DEF 14A

Shawn Anderson

EVP and CFO

Nisource · NI

$3.3M

FY 2025 · DEF 14A

Melody Birmingham

EVP and Group President, Utilities

Nisource · NI

$3.2M

FY 2025 · DEF 14A

William Jefferson

EVP, Chief Operating and Safety Officer

Nisource · NI

$3M

FY 2025 · DEF 14A

Michael Luhrs

Evp, Technology, Customer And Chief Commercial Officer

Nisource · NI

$5.3M

FY 2025 · DEF 14A

Source information

Company: Nisource Inc.
Ticker: NI · NYSE
Filing type: DEF 14A
Fiscal year: 2025
Filing date: March 30, 2026
SEC accession number: 0001140361-26-011851

Source: U.S. Securities and Exchange Commission, DEF 14A Summary Compensation Table. View SEC filing

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