Form 4: Director Raffi Garabedian Receives ESS Tech Equity Grant
Statement of Changes in Beneficial Ownership
Director Raffi Garabedian acquired 13,513 restricted stock units in ESS Tech, Inc. as part of a standard equity compensation grant.
Summary
- Director Raffi Garabedian was granted 13,513 restricted stock units (RSUs) on May 29, 2026.
- The RSUs vest on the earlier of May 29, 2027, or the day prior to the next annual meeting of stockholders.
- The reporting person has elected to defer settlement of these units until separation of service or a change of control event.
- Following this transaction, the director's total beneficial ownership stands at 53,185 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing standard administrative disclosure of director compensation.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified; this is a routine compensatory filing.
Risks
- None identified; this is a routine compensatory filing.
Future Outlook
The filing does not provide forward-looking financial guidance, as it is a disclosure of director equity compensation.
Management Comments
- No management commentary provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practices designed to incentivize long-term oversight and strategic alignment in the energy storage sector.
Comparison to Industry Standards
- The grant of RSUs to directors is consistent with standard compensation practices for publicly traded technology and energy companies.
- The vesting schedule of one year is typical for annual director equity awards.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard equity grant to a director.
Next Steps
- Vesting of the restricted stock units on May 29, 2027, or the day prior to the next annual meeting.
Key Dates
| Date | Description |
|---|---|
| 05/29/2026 | Date of the RSU grant transaction. |
| 05/29/2027 | Vesting date for the restricted stock units. |
| 06/02/2026 | Date the Form 4 was filed with the SEC. |
Keywords
ESS Tech, GWH, Form 4, Insider Trading, Equity Compensation, Director Ownership
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