Form 4: Excelerate Energy Executive Michael Bent Reports Stock Transactions
SEC Form 4
Michael Bent, a Vice President at Excelerate Energy, reports the withholding and acquisition of Class A Common Stock and Performance Stock Units.
Summary
- On March 5, 2025, Michael Bent, Vice President, Controller, and Chief Accounting Officer of Excelerate Energy, engaged in transactions involving the company's stock.
- 840 shares of Class A Common Stock were disposed of at a price of $30.15 due to tax withholding liabilities related to vested Restricted Stock Units (RSUs).
- 5,804 shares of Class A Common Stock were acquired at $0, representing RSUs that vest ratably over three years from the grant date.
- Additionally, 5,804 Performance Stock Units (PSUs) were acquired, which are eligible to vest based on the company's total shareholder return between January 1, 2025, and December 31, 2027.
- The number of PSUs that vest can range from 0% to 200% of the target number.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The vesting of PSUs is contingent on the company's total shareholder return performance over the period from January 1, 2025, to December 31, 2027.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors about insider activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of RSU grant to the Reporting Person pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan. |
| 03/05/2025 | Date of stock transactions: disposal of shares for tax withholding and acquisition of RSUs and PSUs. |
| 03/06/2025 | Date of signature of the report. |
| 12/31/2027 | End date of the three-year performance period for PSU vesting. |
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