Justin Lagasse - 01 Mar 2024 Form 4 Insider Report for Avangrid, Inc. (AGR)

Role: SVP - CFO and Controller
Signature: /s/ Elizabeth K. Riotte by Power of Attorney
Issuer symbol: AGR
Transactions as of: 01 Mar 2024
Transactions value $: -$15,409
Form type: 4
Filing time: 04 Mar 2024, 18:10:42
Previous filing: 21 Jul 2023
Next filing: 13 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGR	Commmon Stock	Options Exercise	$0	+1.43K	+141.53%	$0.00	2.44K	01 Mar 2024	Direct	F1
transaction	AGR	Commmon Stock	Tax liability	-$15.4K	-495	-20.31%	$31.13	1.94K	01 Mar 2024	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AGR	Performance Share Units	Options Exercise	$0	-1.43K	-50%	$0.00	1.43K	01 Mar 2024	Commmon Stock	1.43K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the vesting of performance stock units previously granted to the reporting person, the reporting person's received 1,428 shares of common stock.
F2	Each performance stock unit represents one contingent right to receive one share of common stock.
F3	These performance stock units vest in three equal installments based on the achievement of certain performance objectives on or before June 30, 2023, March 31, 2024 and March 31, 2025.