Form 4: Hallador Energy Director Receives Equity Compensation
Director Equity Compensation Disclosure
Director Charles R. Wesley IV was granted 6,047 restricted stock units as part of his annual board compensation.
Summary
- Director Charles R. Wesley IV received an award of 6,047 restricted stock units (RSUs) on May 28, 2026.
- The grant serves as the director's total annual equity compensation for his service on the board.
- The RSUs are scheduled to fully vest on May 27, 2027, contingent upon continued service.
- Following this transaction, the director holds 93,862 shares directly and 323,469 shares indirectly through a revocable trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized compensation structure under the company's existing 2008 Restricted Stock Unit Plan.
Negatives
- None identified; this is a routine disclosure of director compensation.
Risks
- Vesting of the units is subject to the director's continued service through May 27, 2027.
Future Outlook
The director's equity stake will increase upon the vesting of these units on May 27, 2027, provided service requirements are met.
Industry Context
StockSavvy.ai notes that this filing represents standard corporate governance practice where board members receive equity-based compensation to ensure long-term alignment with company performance.
Comparison to Industry Standards
- The use of restricted stock units for board compensation is a standard practice among U.S. publicly traded energy companies.
- The vesting period of one year is consistent with typical annual director compensation cycles.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Grant | Issuance of annual equity compensation to a director. | 05/28/2026 | Minimal; aligns director incentives with shareholder value. |
Related Party Transactions
- The reporting person maintains beneficial ownership of 323,469 shares through the Charles R. Wesley IV Revocable Trust.
Stakeholder Impact
- Shareholders benefit from the continued alignment of board members with long-term equity performance.
Next Steps
- Vesting of the 6,047 restricted stock units on May 27, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/28/2026 | Date of the RSU grant transaction. |
| 05/27/2027 | Full vesting date for the granted restricted stock units. |
Keywords
Hallador Energy, HNRG, Form 4, Director Compensation, Insider Ownership, Restricted Stock Units
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