Form 4: Hallador Energy CFO Hargrave Exercises Stock Options

Marjorie Anne Hargrave, CFO of Hallador Energy, reports the exercise of stock options and vesting of restricted stock units on March 31, 2025.

Summary

• Marjorie Anne Hargrave, the Chief Financial Officer of Hallador Energy Co, filed a Form 4 on April 02, 2025, reporting changes in her beneficial ownership of the company's stock.
• On March 31, 2025, Hargrave exercised stock options, acquiring 30,267 shares of common stock at a price of $12.28 per share.
• Additionally, restricted stock units (RSUs) vested, resulting in the acquisition of 6,916 RSUs awarded on April 10, 2024, and 23,351 RSUs awarded on September 6, 2024.
• Each RSU represents a contingent right to receive one share of Hallador Energy common stock, with vested shares to be delivered according to the Amended and Restated 2008 RSU Plan.
• Following these transactions, Hargrave directly owns 30,267 shares of Hallador Energy common stock, along with derivative securities representing rights to acquire additional shares.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by a company executive, neither inherently positive nor negative.

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 and transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages including stock options and RSUs are standard practice among publicly traded companies, including Hallador Energy's peers in the energy sector.
• Companies like Peabody Energy (BTU) and Arch Resources (ARCH) also utilize similar equity-based compensation plans to incentivize and retain key executives.
• The vesting schedules and terms of the Amended and Restated 2008 RSU Plan would need to be compared to those of similar companies to assess its competitiveness.

Stakeholder Impact

• The exercise of stock options and vesting of RSUs could have a minor dilutive effect on existing shareholders.
• The transactions reflect the CFO's continued investment in the company's stock, which could be viewed positively by investors.

Key Dates

Keywords

Hallador Energy, HNRG, Form 4, Stock Options, Restricted Stock Units, Beneficial Ownership, CFO, Marjorie Hargrave