Form 4: Hallador Energy Director Acquires Shares as Board Compensation

Hallador Energy director Charles R. Wesley IV acquired 1,562 shares of common stock as part of his quarterly board compensation.

Summary

• Director Charles R. Wesley IV acquired 1,562 shares of Hallador Energy common stock on December 17, 2024.
• The shares were acquired at a price of $12.01 per share.
• These shares were issued as compensation for his quarterly board service.
• Following the transaction, Mr. Wesley directly owns 91,270 shares and indirectly owns 204,914 shares through the Charles R. Wesley IV Revocable Trust.
• Mr. Wesley, as trustee, has voting and dispositive power over the shares held by the trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively. The director's increased stake could be seen as a positive sign of confidence.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The transaction is a routine part of board compensation.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• It is common for directors of publicly traded companies to receive stock as part of their compensation.
• The amount of stock granted is typical for board members of similar sized companies.
• The use of a revocable trust for holding shares is a common practice for estate planning purposes.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests.
• The acquisition has a minor positive impact on the overall share ownership structure.

Key Dates

Keywords

Hallador Energy, Director, Share Acquisition, Board Compensation, Common Stock, Charles R. Wesley IV, Beneficial Ownership