4/A: Spruce Power Holding Corp: CEO Christian Fong Corrects Form 4 Filing to Include Restricted Stock Units
SEC Form 4/A
Christian Fong, President and CEO of Spruce Power Holding Corp, amends a previous Form 4 filing to include an award of restricted stock units received on April 1, 2024.
Summary
- Christian Fong, the President and CEO of Spruce Power Holding Corp, filed an amendment to a previous Form 4 filing.
- The amendment corrects an omission in the original filing dated April 3, 2024, which inadvertently excluded the award of restricted stock units.
- The transaction occurred on April 1, 2024, and involved the acquisition of 278,340 shares of common stock through restricted stock units.
- Following the transaction, Fong beneficially owns 454,340 shares of common stock.
- The restricted stock units each represent a contingent right to receive one share of the Issuer's common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine correction of a filing, indicating standard corporate governance procedures are being followed.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of the Form 4 filing ensures accurate information is available to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of restricted stock units. |
| 04/03/2024 | Date of original Form 4 filing which inadvertently excluded the award of restricted stock units. |
| 03/31/2025 | Signature date of the amended Form 4. |
Keywords
Form 4, Amendment, Beneficial Ownership, Restricted Stock Units, Spruce Power Holding Corp, Christian Fong, SPRU, Equity Securities
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