Form 4: Hallador Energy Director Charles Wesley IV Acquires Shares as Board Compensation

Director Charles Wesley IV acquired 19,050 shares of Hallador Energy stock as compensation for board service.

Summary

• On October 7, 2024, Charles Ray Wesley IV, a director of Hallador Energy Co., acquired 19,050 shares of common stock at a price of $6.89 per share.
• These shares were issued as consideration for his service on the Issuer's Board of Directors for years 2023 and 2024.
• Following the transaction, Mr. Wesley indirectly owns 203,352 shares through the Charles R. Wesley IV Revocable Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares as compensation is generally a good sign, indicating alignment with shareholder interests. There are no red flags or negative information presented.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The shares were issued as compensation for board service, aligning the director's interests with those of shareholders.

Industry Context

Directors receiving stock as compensation is a common practice to align their interests with shareholders. This is a standard method of incentivizing board members in publicly traded companies.

Comparison to Industry Standards

• Stock compensation for board members is a common practice across the energy industry.
• Companies like Peabody Energy and Arch Resources also utilize stock grants as part of their director compensation packages.
• The amount of stock granted varies depending on the company's size, performance, and compensation policies.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates