PSEG CEO Ralph LaRossa sold $153,000 worth of stock, a routine disposal representing less than 1% of his total position, as the utility provider struggles with an 11% share price decline over the last 12 months.
CEO sold 2,083 shares, a routine but slightly bearish signal given the stock's underperformance and cautious analyst sentiment.
Public Service Enterprise Group CEO Ralph A. LaRossa offloaded 2,083 shares in a transaction valued at $153,000 on September 1, 2026. The sale represents a minor 0.7% reduction of his direct holdings, leaving him with over 281,000 shares as the utility company continues to face market headwinds with an 11% decline over the past year.
The sale of 2,083 shares is considered a routine transaction, representing only 0.7% of the CEO's total direct holdings, and does not necessarily indicate a shift in long-term confidence.