Form 4: Sunrun Inc. Executive Jeanna Steele Sells Shares to Cover Tax Obligations

Jeanna Steele, Chief Legal & People Officer of Sunrun Inc., sold 2,299 shares of common stock on June 6, 2024, to cover tax obligations arising from the settlement of vested restricted stock units.

Summary

• On June 6, 2024, Jeanna Steele, the Chief Legal & People Officer of Sunrun Inc., sold 2,299 shares of Sunrun's common stock.
• The shares were sold at a weighted average price of $14.4401 per share, with individual sale prices ranging from $14.42 to $14.4401.
• The sale was executed to cover tax obligations resulting from the settlement of vested restricted stock units.
• Following the transaction, Steele directly owns 315,287 shares, which includes 175,053 restricted stock units subject to vesting and 2,157 shares acquired through the employee stock purchase plan.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's stock. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Key Dates