Sec Form 4 Filing - KUMP ROBERT D @ Avangrid, Inc. - 2021-02-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
KUMP ROBERT D
2. Issuer Name and Ticker or Trading Symbol
Avangrid, Inc. [ AGR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
see below
(Last) (First) (Middle)
C/O AVANGRID, INC., 162 CANCO ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2021
(Street)
PORTLAND, ME04103
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Stock Units ( 1 ) 02/15/2021 A 83,000 ( 2 ) ( 2 ) Common Stock 83,000 $ 0 83,000 D
Performance Stock Units ( 1 ) ( 3 ) ( 3 ) Common Stocks 10,497 10,497 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KUMP ROBERT D
C/O AVANGRID, INC.
162 CANCO ROAD
PORTLAND, ME04103
see below
Signatures
/s/ Susan Johnston by Power of Attorney 02/17/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each performance stock unit represents one contingent right to receive one share of common stock
( 2 )These performance stock units vest in three equal installments based on the achievement of certain performance objectives on March 31, 2023, March 1, 2024 and February 28, 2025
( 3 )These performance stock units vest in two equal installments between January 1, 2021 and March 31, 2021 and January 1, 2022 and March 31, 2022

Remarks:
President and Deputy Chief Executive Officer of Avangrid, Inc.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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