Blink Charging (BLNK) CEO gets RSUs as shares withheld for taxes
Rhea-AI Filing Summary
Blink Charging Co. President and CEO Michael C. Battaglia reported compensation-related equity grants and tax-withholding share dispositions. He received common stock awards of 404,930 shares and 205,357 shares, plus several restricted stock unit (RSU) grants under the company’s 2018 Incentive Compensation Plan.
Two transactions withheld a total of 36,751 shares of common stock at prices of $0.68 and $0.65 per share to satisfy tax obligations upon RSU vesting, which are not open-market sales. New RSU awards include time-based vesting and performance-based vesting tied to stock price hurdles and the resolution of material weaknesses in internal controls, following stockholder approval of an amendment to increase plan share reserves on June 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 205,357 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 769,366 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 93,496 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.001 per share ("Common Stock") | 205,357 | $0.00 | -- |
| Tax Withholding | Common Stock | 32,993 | $0.65 | $21K |
| Grant/Award | Common Stock | 404,930 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,758 | $0.68 | $3K |
Footnotes (1)
- The Reporting Person received restricted stock units granted under the Issuer's 2018 Incentive Compensation Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in three equal increments, one-third of which vested immediately and the remaining two-thirds to vest on the first and second anniversaries of April 14, 2026, the date the Issuer's Board of Directors approved the grant, which was subject to stockholder approval to increase the number of shares reserved for issuance under the Plan (the "Amendment") at the Issuer's 2026 Annual Meeting of Stockholders held on June 30, 2026 (the "Annual Meeting"). The Issuer's stockholders approved the Amendment on June 30, 2026. Represents the total number of shares of Common Stock beneficially owned, including 23,388 restricted stock units granted under the Plan that were inadvertently excluded due to administrative error. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in three annual increments, one-third of which vested on February 24, 2026 and the remaining two-thirds to vest on February 24, 2027 and February 24, 2028, respectively. This transaction represents the withholding of shares of Common Stock to satisfy the tax withholding obligations following the vesting of restricted stock units. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in three annual increments on the first, second and third anniversaries of April 14, 2026, the date the Issuer's Board of Directors approved the grant, which was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026. This transaction represents the withholding of shares of Common Stock to satisfy the tax withholding obligations following the vesting of restricted stock units. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in 25% increments if the closing price of the Issuer's Common Stock meets or exceeds $3.00, $5.00, $7.50 and $9.00 per share, respectively, for 90 consecutive trading days, with 100% acceleration of vesting upon a change in control if the stock price hurdle is not met or exceeded by the value of the consideration paid to the Issuer's common stockholders in the change in control transaction. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in full if the closing price of the Issuer's Common Stock meets or exceeds $2.25 per share for 60 trading days. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in full upon the resolution of material weaknesses in the Issuer's internal controls over financial reporting and the approval by the Issuer's Board of Directors. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026.