---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-124692"
form_type: "8-K"
ticker: "ES"
cik: "0000072741"
company_name: "EVERSOURCE ENERGY"
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:50:36.596186+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Eversource approves new severance programs for senior executives with CIC and involuntary termination benefits

## Summary
- New CIC severance: CEO gets 2.99x base+target; Senior Team gets 2.00x; equity acceleration and healthcare included.
- Involuntary termination not for cause: CEO receives 2.00x base; Senior Team 1.00x; unvested equity forfeited unless eligible for retirement.
- No excise tax gross-ups are provided under the new programs.
- Existing CIC agreements for Nolan, Carmody, Butler remain; CFO Moreira to enter separate agreement.

## SEC filing metadata
- accession: 0001104659-23-124692
- form_type: 8-K
- ticker: ES
- cik: 0000072741
- company_name: EVERSOURCE ENERGY
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72741/000110465923124692/0001104659-23-124692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72741/000110465923124692/tm2332504d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-124692
- JSON: https://secwatch.observer/filing/0001104659-23-124692.json
- Plain text: https://secwatch.observer/filing/0001104659-23-124692.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.