MarketPeel
Insider Trading Intelligence
MB

Melanie B. Berman

NI
SVP & CHRO · NISOURCE INC. · CIK 0001933743
FILING MIX · LIFETIME39%/61%
BUYS
9
SELLS
14
TOTAL VALUE
$6.29M
COMPANIES
1
ACTIVE SINCE
Jan 2023
HOLDINGS NOW
35,990
AVG SELL PX
$37.85
TRADE KIND
SHOWING 23 / 23
Trades · vs SPY
Loading price series…
Performance · forward returns vs SPY
5 backtested trades · 8 horizons · 1 pending
Forward-return performance of every backtestable P/S trade by Melanie B. Berman, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d5+60.00%-1.68%+1.61%-3.30%-2.31%
14d5+60.00%+0.04%+2.81%-2.77%-2.69%
30d5+0.00%+1.43%+4.70%-3.27%-2.81%
60d5+0.00%+5.47%+5.30%+0.17%-1.11%
90d5+40.00%+5.17%+9.37%-4.20%-3.52%
180d5+40.00%+13.24%+14.99%-1.76%-4.65%
1y5+40.00%+19.60%+24.81%-4.88%-6.27%
2y5(1 pending)+0.00%+56.90%+44.59%+8.88%-6.90%
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
NI · 35,989.935 shares · as of May 22, 2026
016,45732,91449,37265,829202420252026SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2023
2023
2023
2023
2024
2024
2024
2024
2025
2025
2025
2025
2026
2026
FLOW · 9 buys / 14 sellsCOVERAGE · 14 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
NI
NISOURCE INC.
SALE
EVP Administration & CHRO
15,000$47.68$715.2K35,989.935May 22, 2026May 27, 2026View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
31,466$47.30$1.49M65,828.935Feb 27, 2026Mar 3, 2026View →
NI
NISOURCE INC.
SALE
EVP Administration & CHRO
3,166$47.30$149.8K50,989.935Feb 27, 2026Mar 3, 2026View →
NI
NISOURCE INC.
SALE
EVP Administration & CHRO
11,673$47.30$552.1K54,155.935Feb 27, 2026Mar 3, 2026View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
5,481$43.79$240.0K34,362.935Jan 21, 2026Jan 23, 2026View →
NI
NISOURCE INC.
SALE
EVP Administration & CHRO
6,227$39.43$245.5K28,881.935May 30, 2025Jun 2, 2025View →
NI
NISOURCE INC.
SALE
EVP Administration & CHRO
1,389$40.81$56.7K35,108.935Feb 28, 2025Mar 4, 2025View →
NI
NISOURCE INC.
SALE
EVP Administration & CHRO
3,978$40.81$162.3K36,497.935Feb 28, 2025Mar 4, 2025View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
14,542$40.81$593.5K40,475.935Feb 28, 2025Mar 4, 2025View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
5,956$37.78$225.0K25,933.935Jan 22, 2025Jan 24, 2025View →
NI
NISOURCE INC.
SALE
CHRO & SVP Administration
3,742$27.96$104.6K19,977.935May 30, 2024Jun 3, 2024View →
NI
NISOURCE INC.
SALE
SVP & CHRO
11,141$26.66$297.0K23,719.935Mar 5, 2024Mar 7, 2024View →
NI
NISOURCE INC.
SALE
SVP & CHRO
839$25.85$21.7K36,144.935Feb 28, 2024Mar 1, 2024View →
NI
NISOURCE INC.
SALE
SVP & CHRO
4,663$25.85$120.5K36,983.935Feb 28, 2024Mar 1, 2024View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
2,762$25.85$71.4K41,646.935Feb 28, 2024Mar 1, 2024View →
NI
NISOURCE INC.
SALE
SVP & CHRO
1,284$25.85$33.2K34,860.935Feb 28, 2024Mar 1, 2024View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
15,361$25.85$397.1K38,884.935Feb 28, 2024Mar 1, 2024View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
9,591$25.18$241.5K23,523.935Jan 24, 2024Jan 26, 2024View →
NI
NISOURCE INC.
SALE
SVP & CHRO
4,526$27.89$126.2K14,230.935Mar 15, 2023Mar 17, 2023View →
NI
NISOURCE INC.
SALE
SVP & CHRO
298$27.90$8.3K13,932.935Mar 15, 2023Mar 17, 2023View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
6,927$27.43$190.0K20,859.935Feb 28, 2023Mar 1, 2023View →
NI
NISOURCE INC.
SALE
SVP & CHRO
2,103$27.43$57.7K18,756.935Feb 28, 2023Mar 1, 2023View →
NI
NISOURCE INC.
PURCHASEGRANT
Stock grant
7,097$27.58$195.7K13,932.935Jan 25, 2023Jan 27, 2023View →
Other insiders · NI
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About this filer
CIK 0001933743
ROLE
SVP & CHRO
PRIMARY
NI
COMPANIES
1
ACTIVE SINCE
Jan 2023
MARKETPEEL · /INSIDER/0001933743DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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