Form 4: Evergy SVP Charles L. King Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Charles L. King, SVP & Chief Technology Officer of Evergy, Inc., reports transactions involving common stock and restricted stock units on March 1, 2025.
Summary
- On March 1, 2025, Charles L. King, SVP & Chief Technology Officer of Evergy, Inc., reported changes in beneficial ownership.
- King acquired 732 shares of common stock from the settlement of performance share units.
- He also acquired 1,521 shares of common stock from the vesting of restricted stock units.
- 204 shares were relinquished for withholding taxes related to the settlement of performance share units at a price of $68.91.
- 489 shares were relinquished for withholding taxes related to the vesting of restricted stock units at a price of $68.91.
- King also acquired 1,769 restricted stock units that vest on March 1, 2028.
- Following these transactions, King beneficially owns 16,193 shares of common stock and 5,349 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It reflects routine compensation practices.
Positives
- The vesting of restricted stock units and settlement of performance share units resulted in the acquisition of additional shares by Mr. King, indicating continued alignment with the company's performance.
Future Outlook
The reported restricted stock units are subject to continued employment and vest in tranches on March 1, 2026, March 1, 2027, and March 1, 2028.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Evergy.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time to incentivize long-term performance.
- The vesting schedules and tax withholding practices described in the filing are standard for equity compensation plans.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of earliest transaction: Award of common stock, vesting of restricted stock units, and relinquishment of shares for withholding taxes. |
| 03/01/2026 | 1,444 restricted stock units (plus reinvested dividends) vest. |
| 03/01/2027 | 1,910 restricted stock units (plus reinvested dividends) vest. |
| 03/01/2028 | 1,769 restricted stock units (plus reinvested dividends) vest. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.