Form 4: Excelerate Energy Executive Michael Bent Reports Tax Withholding Transaction
SEC Form 4 Filing
Michael Bent, a Vice President at Excelerate Energy, reports the withholding of restricted stock units to cover tax liabilities.
Summary
- On March 31, 2025, Michael Bent, Vice President, Controller, and Chief Accounting Officer of Excelerate Energy, Inc., had 375 Class A Common Stock units withheld to cover tax liabilities.
- The transaction occurred at a price of $27.99 per share.
- Following the transaction, Bent directly owns 24,749 shares of Class A Common Stock, which includes 13,017 outstanding Restricted Stock Units (RSUs).
- These RSUs were granted on March 31, 2023, under the Excelerate Energy, Inc. Long-Term Incentive Plan, with a portion vesting on March 31, 2025.
- Each RSU represents the right to receive one share of Class A common stock of the Issuer.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2023 | Date RSUs were granted to the Reporting Person pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan |
| 03/31/2025 | Date of transaction: withholding of shares for tax liabilities and vesting of a portion of RSUs. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Excelerate Energy, Michael Bent, RSUs, Tax Withholding, Class A Common Stock
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