Form 4: Excelerate Energy Executive Reports Stock Transactions Following RSU Vesting
SEC Form 4
Amy Thompson Broussard, an executive at Excelerate Energy, reports the vesting of restricted stock units (RSUs) and performance stock units (PSUs), along with associated tax withholding.
Summary
- On March 5, 2025, Amy Thompson Broussard, Executive Vice President and Chief Human Resources Officer at Excelerate Energy, engaged in transactions involving the company's Class A Common Stock.
- These transactions included the withholding of 1,035 shares to cover tax liabilities related to vested restricted stock units (RSUs) at a price of $30.15 per share.
- Additionally, 6,103 RSUs vested, and 6,102 performance stock units (PSUs) were acquired.
- Following these transactions, Broussard directly owns 23,025 shares of Class A Common Stock and 16,610 PSUs.
- The PSUs are eligible to vest based on the company's total shareholder return over a three-year period from January 1, 2025, to December 31, 2027, with the actual number of PSUs earned potentially ranging from zero to 200% of the target.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The vesting of the PSUs is contingent upon 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 of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions reported have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date the RSUs were granted to the Reporting Person pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan. |
| 01/01/2025 | Start date of the three-year performance period for the PSUs. |
| 03/05/2025 | Date of the reported transactions, including RSU vesting and PSU acquisition. |
| 03/06/2025 | Date of signature by Attorney-in-Fact. |
| 12/31/2027 | End date of the three-year performance period for the PSUs. |
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