EchoStar (ECHO) advisor Cantey Ergen granted 198 RSUs with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EchoStar Corp director and senior advisor Cantey Ergen reported routine equity compensation and related tax withholding. She received a grant of 198 restricted stock units (RSUs), each representing a contingent right to one share of Class A Common Stock that vests 25% per year beginning on July 1, 2026. In connection with previously granted anniversary shares, 17 shares were withheld to cover tax obligations rather than sold on the market.
After these updates, she directly holds 2,165 Class A shares, including the 198 newly awarded RSUs and 1,967 shares of common stock. The filing also lists substantial indirect holdings in various family accounts, an LLC, a charitable foundation, and a child’s account, where she generally disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
ERGEN CANTEY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 198 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 17 | $100.88 | $2K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,165 shares (Direct, null);
Class A Common Stock — 1,313 shares (Indirect, I)
Footnotes (1)
- Represents the acquisition of restricted stock units (RSUs). The RSUs vest at the rate of 25% per year beginning on July 1, 2026. Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting. The reported transaction involved the reporting person's receipt of a grant of 198 RSUs. The total reported in Column 5 includes the 198 newly awarded RSUs and 1,967 shares of Class A Common Stock. Represents shares withheld to cover certain tax obligations in connection with the anniversary shares granted to the Reporting Person. Held by Mrs. Cantey M. Ergen in a 401(K) account. Held by Mr. Charles W. Ergen, Mrs. Ergen's spouse. Held by Mr. Ergen in a 401(k) account. The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein. These shares are beneficially owned indirectly by Mr. Ergen, Mrs. Ergen's spouse, through nXgen Opportunities, LLC, which controls CONX Corp. The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein. The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of her pecuniary interest therein. The shares are held by Telluray Holdings, LLC. Mrs. Ergen and Mr. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares held by Telluray Holdings, LLC. The reporting person disclaims beneficial ownership of the shares, except to the extent of her pecuniary interest therein.
Key Figures
RSU grant size: 198 RSUs
RSU vesting rate: 25% per year
Shares withheld for taxes: 17 shares at $100.88
+4 more
7 metrics
RSU grant size
198 RSUs
Grant to Cantey Ergen; each RSU equals one Class A share
RSU vesting rate
25% per year
Vesting begins July 1, 2026
Shares withheld for taxes
17 shares at $100.88
Withheld to cover tax obligations on anniversary shares
Direct holdings after transaction
2,165 shares
Includes 198 RSUs and 1,967 Class A shares
Indirect LLC-related holding
11,140,269 shares
Beneficially owned indirectly through nXgen Opportunities, LLC
Indirect holding via spouse
2,350,696 shares
Held by spouse, Charles W. Ergen
Indirect holding via 401(k)
766,443 shares
Held by Mr. Ergen in a 401(k) account
Key Terms
restricted stock units (RSUs), contingent right, tax obligations, 401(k) account, +2 more
6 terms
restricted stock units (RSUs) financial
"Represents the acquisition of restricted stock units (RSUs). The RSUs vest at the rate of 25% per year"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock"
tax obligations financial
"Represents shares withheld to cover certain tax obligations in connection with the anniversary shares"
401(k) account financial
"Held by Mrs. Cantey M. Ergen in a 401(K) account."
pecuniary interest financial
"The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein."
charitable foundation financial
"The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation"
A charitable foundation is a non-profit organization established to collect and manage funds to support charitable activities, such as education, health, or community projects. It acts like a financial reservoir dedicated to giving back to society, often funded by individuals, families, or corporations. For investors, supporting or donating to such foundations can enhance social impact and may offer tax benefits.
FAQ
What equity compensation did Cantey Ergen receive in EchoStar (ECHO)?
Cantey Ergen received a grant of 198 restricted stock units (RSUs). Each RSU represents a contingent right to one share of EchoStar Class A Common Stock, vesting 25% annually beginning on July 1, 2026, providing time-based equity compensation.
How do the new RSUs for EchoStar’s Cantey Ergen vest over time?
The 198 EchoStar RSUs granted to Cantey Ergen vest at 25% per year starting on July 1, 2026. After four years, assuming continued service and no forfeiture, all units are scheduled to be fully vested and settled in shares.
Does Cantey Ergen’s Form 4 indicate any remaining derivative positions in EchoStar?
The derivative summary in this Form 4 is empty, indicating no remaining derivative securities such as options or warrants are reported here. The filing instead focuses on common stock, RSU awards, tax withholding, and indirect ownership structures tied to EchoStar shares.