New insider O'Dea Regan Patrick claimed ownership of 14,610 shares (SEC Form 3)
$FTS
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| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/25/2026 |
3. Issuer Name and Ticker or Trading Symbol
Fortis Inc. [ FTS ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Shares | 14,610.37 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Option (right to buy) | 02/13/2019(2) | 02/13/2028(2) | Common Shares | 303(2) | $41.27(1) | D | |
| Option (right to buy) | 02/13/2020(3) | 02/13/2029(3) | Common Shares | 5,888 | $47.57(1) | D | |
| Option (right to buy) | 02/26/2021(4) | 02/26/2030(4) | Common Shares | 5,140 | $58.4(1) | D | |
| Option (right to buy) | 02/25/2022(5) | 02/25/2031(5) | Common Shares | 5,972 | $50.33(1) | D | |
| Performance Share Units (PSUs) | (6) | (6) | Common Shares(6) | 2,735.84 | (6) | D | |
| Performance Share Units (PSUs) | (7) | (7) | Common Shares(7) | 2,448.86 | (7) | D | |
| Performance Share Units (PSUs) | (8) | (8) | Common Shares(8) | 2,596.06 | (8) | D | |
| Restricted Share Units (RSUs) | (9) | (9) | Common Shares(9) | 911.95 | (9) | D | |
| Restricted Share Units (RSUs) | (10) | (10) | Common Shares(10) | 816.29 | (10) | D | |
| Restricted Share Units (RSUs) | (11) | (11) | Common Shares(11) | 865.35 | (11) | D | |
| Explanation of Responses: |
| 1. Exercise price in Canadian dollars. |
| 2. 5,028 Options granted 02/13/18; Options Vesting Schedule: Options Exercisable 02/13/2019 - 1,257; Options Exercisable 02/13/2020 - 1,257; Options Exercisable 02/13/2021 - 1,257; Options Exercisable 02/13/2022 - 1,257; 4,725 Options exercised between 11/16/23 and 12/12/2025. |
| 3. Options Vesting Schedule: Options Exercisable 02/13/2020 - 1,472; Options Exercisable 02/13/2021 - 1,472; Options Exercisable 02/13/2022 - 1,472; Options Exercisable 02/13/2023 - 1,472. |
| 4. Options Vesting Schedule: Options Exercisable 02/26/2021 - 1,285; Options Exercisable 02/26/2022 - 1,285; Options Exercisable 02/26/2023 - 1,285; Options Exercisable 02/26/2024 - 1,285. |
| 5. Options Vesting Schedule: Options Exercisable 02/25/2022 - 1,493; Options Exercisable 02/25/2023 - 1,493; Options Exercisable 02/25/2024 - 1,493; Options Exercisable 02/25/2025 - 1,493. |
| 6. PSUs granted on January 1, 2024 pursuant to the Fortis Inc. Omnibus Equity Plan. PSUs vest on December 31, 2026 based on performance against pre-established measures. PSUs may be settled in cash or Fortis Inc. common shares. The cash value of a vested PSU is equal to the market price of a Fortis Inc. common share at the relevant time, calculated using the five-day volume weighted average trading price of shares on the TSX. The reporting individual earns additional PSUs as dividend equivalents for dividends paid on Fortis Inc. common shares prior to vesting. |
| 7. PSUs granted on January 1, 2025 pursuant to the Fortis Inc. Omnibus Equity Plan. PSUs vest on December 31, 2027 based on performance against pre-established measures. PSUs may be settled in cash or Fortis Inc. common shares. The cash value of a vested PSU is equal to the market price of a Fortis Inc. common share at the relevant time, calculated using the five-day volume weighted average trading price of shares on the TSX. The reporting individual earns additional PSUs as dividend equivalents for dividends paid on Fortis Inc. common shares prior to vesting. |
| 8. PSUs granted on January 1, 2026 pursuant to the Fortis Inc. Omnibus Equity Plan. PSUs vest on December 31, 2028 based on performance against pre-established measures. PSUs may be settled in cash or Fortis Inc. common shares. The cash value of a vested PSU is equal to the market price of a Fortis Inc. common share at the relevant time, calculated using the five-day volume weighted average trading price of shares on the TSX. The reporting individual earns additional PSUs as dividend equivalents for dividends paid on Fortis Inc. common shares prior to vesting. |
| 9. RSUs granted on January 1, 2024 pursuant to the Fortis Inc. Omnibus Equity Plan. RSUs vest on January 1, 2027. RSUs may be settled in cash or Fortis Inc. common shares. The cash value of a vested RSU is equal to the market price of a Fortis Inc. common share at the relevant time, calculated using the five-day volume weighted average trading price of shares on the TSX. The reporting individual earns additional RSUs as dividend equivalents for dividends paid on Fortis Inc. common shares prior to vesting. |
| 10. RSUs granted on January 1, 2025 pursuant to the Fortis Inc. Omnibus Equity Plan. RSUs vest on January 1, 2028. RSUs may be settled in cash or Fortis Inc. common shares. The cash value of a vested RSU is equal to the market price of a Fortis Inc. common share at the relevant time, calculated using the five-day volume weighted average trading price of shares on the TSX. The reporting individual earns additional RSUs as dividend equivalents for dividends paid on Fortis Inc. common shares prior to vesting. |
| 11. RSUs granted on January 1, 2026 pursuant to the Fortis Inc. Omnibus Equity Plan. RSUs vest on January 1, 2029. RSUs may be settled in cash or Fortis Inc. common shares. The cash value of a vested RSU is equal to the market price of a Fortis Inc. common share at the relevant time, calculated using the five-day volume weighted average trading price of shares on the TSX. The reporting individual earns additional RSUs as dividend equivalents for dividends paid on Fortis Inc. common shares prior to vesting. |
| Regan O'Dea | 02/25/2026 | |
| ** Signature of Reporting Person | Date | |
| 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 5 (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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||