Form 4: Arq CTO Joseph Wong's Equity Vesting and Tax Disposition

Arq Inc.'s Chief Technology Officer, Joseph M Wong, reported the vesting of 40,286 performance share units and a subsequent disposition of 17,338 shares for tax obligations.

Summary

• Joseph M Wong, Chief Technology Officer of Arq, Inc., reported changes in his beneficial ownership of company stock.
• On February 27, 2026, 40,286 performance share units (PSUs) awarded on March 23, 2023, vested based on the achievement of specific performance criteria over a three-year period ending December 31, 2025.
• Each vested PSU represented the right to receive one share of Arq, Inc. common stock.
• Following the vesting, 17,338 shares of common stock were disposed of at a price of $3.51 per share to satisfy tax withholding obligations.
• After these transactions, Mr. Wong directly beneficially owns 390,686 shares of Arq, Inc. common stock.
• The maximum number of PSUs eligible to vest from the original award was 60,450, representing 200% of the target award.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the achievement of performance targets for the company's long-term incentive plan, which is a good sign for operational execution and management alignment.

Positives

• 40,286 performance share units (PSUs) vested for the Chief Technology Officer, Joseph M Wong, indicating the achievement of specific performance criteria over a three-year period ending December 31, 2025.
• The vesting demonstrates successful execution against long-term incentive plan goals, aligning management's interests with shareholder value.

Negatives

• 17,338 shares of common stock were disposed of to cover tax withholding obligations, representing a reduction in direct beneficial ownership from the gross vested amount.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, as it primarily reports a past insider transaction related to executive compensation.

Industry Context

StockSavvy.ai notes that this Form 4 filing reflects a routine executive compensation event, where performance-based equity awards vest upon the achievement of pre-defined company goals. Such transactions are common across publicly traded companies as a mechanism to align executive incentives with long-term shareholder value.

Stakeholder Impact

• Shareholders: Gain transparency into executive compensation and performance-based equity awards, which signals management's alignment with long-term company goals and the achievement of operational targets.

Key Dates

Keywords

Arq, ARQ, Joseph Wong, CTO, Form 4, insider transaction, equity, PSU, performance share units, stock vesting, executive compensation