NISOURCE INC.

Electric & Other Services Combined·MERRILLVILLE, IN·FY end 12/31·CIK 1111711

Named Executive Officers

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Lloyd YatesPresident and CEO	$1.2M	$9.6M	—	$2.3M	$124.5K	$13.2M
Michael LuhrsEVP, Technology, Customer and Chief Commercial Officer	$641.7K	$3.6M	—	$1.0M	$59.4K	$5.3M
Shawn AndersonEVP and CFO	$670.8K	$1.8M	—	$734.6K	$73.0K	$3.3M
Melody BirminghamEVP and Group President, Utilities	$686.7K	$1.7M	—	$751.9K	$56.6K	$3.2M
William JeffersonEVP, Chief Operating and Safety Officer	$645.8K	$1.6M	—	$707.2K	$69.8K	$3.0M

Lloyd Yates · FY 2025

Stock awards$9.6M73%

Performance bonus$2.3M17%

Salary$1.2M9%

Other$124.5K1%

TSR % vs. CEO comp actually paid · 6 fiscal years · Item 402(v) disclosure

TSR

CEO comp

FY20

-15%

$2M

FY21

+25%

$14M

FY22

+28%

$7M

FY23

+29%

$10M

FY24

+85%

$34M

FY25

+116%

$26M

CEO total compMedian employeePay ratio (right axis)