Form 4: Excelerate Energy Executive Alisa Newman Hood Reports Changes in Beneficial Ownership
SEC Form 4
Alisa Newman Hood, Executive Vice President, General Counsel and Secretary of Excelerate Energy, reports changes in beneficial ownership of Class A Common Stock and Performance Stock Units.
Summary
- On March 5, 2025, Alisa Newman Hood, an executive at Excelerate Energy, reported changes in her beneficial ownership of the company's securities.
- She had 1,759 Class A Common Stock units withheld to cover tax liabilities at a price of $30.15 per share.
- She also acquired 9,967 Class A Common Stock units as restricted stock units (RSUs) at a price of $0.
- Following these transactions, Newman Hood beneficially owns 19,079 Class A Common Stock units and 29,046 RSUs.
- Additionally, she acquired 9,966 Performance Stock Units (PSUs) which are eligible to vest based on the company's total shareholder return over a three-year period.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Future Outlook
The vesting of Performance Stock Units (PSUs) is contingent on the company's total shareholder return over the three-year period from January 1, 2025, to December 31, 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The vesting of PSUs based on shareholder return aligns executive compensation with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| March 5, 2024 | Date of grant for restricted stock units (RSUs). |
| January 1, 2025 | Start date of the three-year performance period for Performance Stock Units (PSUs). |
| March 5, 2025 | Date of transaction and vesting of a portion of RSUs. |
| March 6, 2025 | Date of signature for the Form 4 filing. |
| December 31, 2027 | End date of the three-year performance period for Performance Stock Units (PSUs). |
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