Form 4: Evergy VP & CAO Gummig's RSU Vesting and Tax Sale
Insider Transaction Report
Evergy's Vice President and CAO, Matthew B. Gummig, reported the vesting of 816 restricted stock units and the subsequent sale of 245 shares for tax withholding.
Summary
- Matthew B. Gummig, Vice President & CAO of Evergy, Inc. (EVRG), reported a change in beneficial ownership.
- On December 1, 2025, 816 restricted stock units (RSUs) vested, comprising 793 units and 23 units from reinvested dividends.
- These RSUs convert to common stock on a one-for-one basis.
- Concurrently, 245 shares of common stock were relinquished to Evergy, Inc. for withholding taxes incident to the RSU vesting.
- The shares relinquished for tax purposes were valued at $75.52 per share.
- Following these transactions, Matthew B. Gummig beneficially owns 571 shares of Evergy, Inc. common stock.
- Additionally, 3,951 restricted stock units remain beneficially owned, including 91 units acquired through reinvestment of dividends.
Sentiment
Score: 5
Explanation: The filing details a routine insider transaction related to executive compensation (RSU vesting and tax withholding), which is neutral in terms of company performance or outlook.
Positives
- The vesting of 816 restricted stock units represents earned compensation for the Vice President & CAO, Matthew B. Gummig.
Negatives
- The disposition of 245 shares was for tax withholding purposes, which is a routine, non-discretionary event and not indicative of a negative outlook on the company.
Risks
- No new company-specific risks are identified in this routine insider transaction filing.
Future Outlook
Future vesting schedules for Matthew B. Gummig's restricted stock units include 138 units vesting on March 1, 2026, 792 units on December 1, 2026, 349 units on March 1, 2027, 792 units on December 1, 2027, 270 units on March 1, 2028, and 1,482 units on May 1, 2028, all subject to continued employment and terms of the grant agreements.
Stakeholder Impact
- This filing primarily impacts the reporting person, Matthew B. Gummig, as part of his compensation structure.
- For shareholders, it represents a routine compensation event for an executive and does not indicate a material change in company operations or strategy.
Next Steps
- Continued vesting of remaining restricted stock units on scheduled dates through May 1, 2028.
Key Dates
| Date | Description |
|---|---|
| 2024-12-02 | Initial Form 4 reporting total stock units subject to grant agreements and Long-Term Incentive Plan. |
| 2025-12-01 | Transaction date for the vesting of 816 restricted stock units and the disposition of 245 shares for tax withholding. |
| 2025-12-03 | Date the Form 4 was executed and filed. |
| 2026-03-01 | Vesting date for 138 restricted stock units (plus reinvested dividends). |
| 2026-12-01 | Vesting date for 792 restricted stock units (plus reinvested dividends). |
| 2027-03-01 | Vesting date for 349 restricted stock units (plus reinvested dividends). |
| 2027-12-01 | Vesting date for 792 restricted stock units (plus reinvested dividends). |
| 2028-03-01 | Vesting date for 270 restricted stock units (plus reinvested dividends). |
| 2028-05-01 | Vesting date for 1,482 restricted stock units (plus reinvested dividends). |
Keywords
Evergy, EVRG, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Sale, Tax Withholding
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