Form 4: Excelerate Energy Executive Oliver Simpson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Oliver Simpson, Executive Vice President and Chief Commercial Officer of Excelerate Energy, reports transactions involving Class A Common Stock and Performance Stock Units.
Summary
- On March 5, 2025, Oliver Simpson, an executive at Excelerate Energy, reported changes in his beneficial ownership of the company's securities.
- He disposed of 2,136 shares of Class A Common Stock to cover tax withholding liabilities at a price of $30.15 per share.
- He also acquired 12,438 shares of Class A Common Stock through restricted stock units (RSUs) at a price of $0.
- Additionally, he was granted 12,438 Performance Stock Units (PSUs) which are eligible to vest based on the company's total shareholder return over a three-year period.
- The number of PSUs that vest can range from zero to 200% of the target number.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine executive compensation practices.
Future Outlook
The vesting of the Performance Stock Units (PSUs) is contingent upon the company's total shareholder return over a 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 alignment of executive interests with shareholder value.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
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 transaction: disposal of Class A Common Stock and acquisition of RSUs and PSUs. |
| 03/06/2025 | Date of signature for the Form 4 filing. |
| 12/31/2027 | End date of the three-year performance period for PSU vesting. |
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