Form 4: T1 Energy CFO Calio Reports Stock Transactions
Statement of Changes in Beneficial Ownership
T1 Energy Inc. Chief Financial Officer, Joseph Evan Calio, has filed a Form 4 detailing transactions involving restricted stock units and the withholding of shares for tax obligations.
Summary
- Joseph Evan Calio, Chief Financial Officer of T1 Energy Inc., reported transactions related to Restricted Stock Units (RSUs).
- On June 13, 2025, 422,475 RSUs vested, which were granted on June 13, 2024, under the Company's 2021 Equity Incentive Plan.
- These vested RSUs were settled in shares of Common Stock on March 13, 2026.
- On January 1, 2026, 500,000 RSUs vested, granted on January 1, 2025, also under the 2021 Equity Incentive Plan.
- These RSUs were settled in shares of Common Stock on March 13, 2026.
- Shares were withheld for tax obligations: 212,137 shares on March 30, 2026, related to RSUs that vested January 1, 2025; 195,775 shares on March 13, 2026, related to RSUs that vested June 13, 2025; and 210,688 shares on March 13, 2026, related to RSUs that vested January 1, 2026.
- Following these transactions, Joseph Evan Calio beneficially owns 1,484,337 shares of Common Stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it primarily details routine executive compensation transactions and tax withholdings rather than significant strategic shifts or financial performance indicators.
Positives
- Vesting of a significant number of RSUs (422,475 and 500,000) indicates continued equity-based compensation and potential alignment of management interests with shareholders.
- The settlement of RSUs into common stock represents an increase in the reporting person's direct ownership.
Negatives
- A substantial number of shares were withheld for tax obligations (212,137 + 195,775 + 210,688 = 618,600 shares), reducing the net shares received by the reporting person.
- The settlement dates for vested RSUs occurred significantly after the vesting dates (e.g., RSUs vesting June 13, 2025, settled March 13, 2026).
Risks
- The withholding of shares for tax obligations reduces the immediate net gain for the executive.
- The timing of RSU settlements, occurring months after vesting, could be a point of concern for immediate liquidity or strategic planning for the executive.
Future Outlook
The filing indicates future vesting of RSUs. Specifically, one-third of the RSUs granted on June 13, 2024, will vest on June 13, 2026, and the remaining one-third on June 13, 2027. Additionally, the final one-third of RSUs granted on January 1, 2025, are scheduled to vest on January 1, 2027.
Management Comments
- Joseph Evan Calio, as Chief Financial Officer, is subject to Section 16 of the Securities Exchange Act of 1934 and has appointed Harold Callo Sanchez as his attorney-in-fact to execute necessary SEC filings.
- The Power of Attorney grants broad authority to the attorney-in-fact to execute Forms 3, 4, and 5, and to take any action deemed beneficial or legally required.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard for insiders of publicly traded companies, detailing changes in their beneficial ownership of securities. The transactions reported by T1 Energy's CFO are typical for executives receiving equity-based compensation, involving vesting and subsequent settlement, often with tax implications.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Joseph Evan Calio has granted a Power of Attorney to Harold Callo Sanchez, authorizing him to execute Forms 3, 4, and 5 on his behalf. | March 20, 2026 | Ensures compliance with Section 16 reporting requirements even in the absence of direct execution by the reporting person. |
Stakeholder Impact
- Shareholders: The transactions reflect ongoing equity compensation for a key executive, which can align management interests with shareholder value creation. However, the withholding of shares for taxes reduces the immediate increase in direct ownership.
- Employees: The filing pertains to executive compensation, but the underlying equity incentive plan may also apply to other employees, indirectly impacting morale and retention.
- Management: The CFO, Joseph Evan Calio, is managing his equity compensation and tax obligations related to these awards.
Next Steps
- Future vesting of RSUs scheduled for June 13, 2026, June 13, 2027, and January 1, 2027.
- Potential future Form 4 filings to report on these upcoming vesting and settlement events.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Grant date of 422,475 RSUs. |
| 08/09/2024 | Form 4 filed reporting grant of RSUs. |
| 01/01/2025 | Grant date of 500,000 RSUs. |
| 01/03/2025 | Form 4 filed reporting grant of RSUs and prior vesting. |
| 06/13/2025 | Vesting date of 422,475 RSUs (first installment). |
| 01/01/2026 | Vesting date of 500,000 RSUs (second installment). |
| 03/13/2026 | Settlement date for 422,475 RSUs vested on 06/13/2025 and 500,000 RSUs vested on 01/01/2026, including tax withholding. |
| 03/20/2026 | Date of Power of Attorney document. |
| 03/30/2026 | Settlement date for 212,137 shares withheld for tax obligations related to RSUs vested on 01/01/2025. |
| 04/02/2026 | Date of signature for Form 4. |
| 06/13/2026 | Expected vesting date of the second of three equal annual installments for RSUs granted on June 13, 2024. |
| 06/13/2027 | Expected vesting date of the third of three equal annual installments for RSUs granted on June 13, 2024. |
| 01/01/2027 | Expected vesting date of the third of three equal annual installments for RSUs granted on January 1, 2025. |
Keywords
Form 4, SEC Filing, T1 Energy Inc., Joseph Evan Calio, Restricted Stock Units, RSUs, Vesting, Stock Settlement, Tax Withholding, Beneficial Ownership, Equity Incentive Plan
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