Form 4: Genie Energy CEO Michael Stein Reports Changes in Beneficial Ownership

Michael Stein, CEO of Genie Energy Ltd., reports changes in his beneficial ownership of Class B Common Stock due to tax withholding upon vesting of restricted stock.

Summary

• On February 10, 2025, Genie Energy Ltd.'s CEO, Michael Stein, reported changes in his beneficial ownership of the company's Class B Common Stock.
• The changes are due to the withholding of 10,296 shares by the issuer for tax purposes upon the vesting of restricted stock at a price of $14.385 per share.
• Following the transaction, Stein directly owns 582,938 shares of Class B Common Stock.
• This includes 77,398 shares held directly, 320,540 vested restricted shares, and 185,000 unvested restricted shares.
• Stein also indirectly owns 1,556 shares through his wife.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.

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 holdings of company insiders.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine adjustment to the CEO's stock ownership due to tax obligations.

Key Dates

Keywords

Beneficial Ownership, Genie Energy, Michael Stein, Class B Common Stock, SEC Form 4, Restricted Stock, Tax Withholding