EchoStar director receives 198-share RSU grant
EchoStar director James DeFranco reported routine equity compensation activity in Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
EchoStar director James DeFranco reported routine equity compensation activity in Class A Common Stock. He received a grant of 198 restricted stock units (RSUs), each representing one share to be issued upon vesting. The RSUs vest 25% per year beginning on July 1, 2026.
The filing also shows 16 shares withheld to cover tax obligations related to vesting of prior anniversary awards. Following these transactions, DeFranco directly holds 1,870 shares and has additional indirect holdings through retirement and partnership or LLC interests, some of which he disclaims beneficial ownership.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
DEFRANCO JAMES
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 198 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 16 | $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 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,870 shares (Direct);
Class A Common Stock — 4,723,261 shares (Indirect, I)
Footnotes (8)
- F1. 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.
- F2. 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 306,951 shares of Class A Common Stock.
- F3. Represents shares withheld to cover certain tax obligations in connection with the vesting of the anniversary awards.
- F4. By 401(K).
- F5. The shares are held by the reporting person as a general partner of a limited partnership.
- F6. The shares are held by the reporting person as the manager of a limited liability corporation ("LLC"). As manager of the LLC, the reporting person has sole voting and dispositive power over the shares. The reporting person disclaims beneficial ownership of the shares.
- F7. The shares are held by the reporting person as a general partner of a different limited partnership.
- F8. The shares are held by the reporting person as the manager of a different limited liability company ("LLC II"). As manager of the LLC II, the reporting person has sole voting and dispositive power over the shares. The reporting person disclaims beneficial ownership of the shares.
Key Figures
RSU grant size: 198 RSUs
RSU vesting rate: 25% per year
Tax-withheld shares: 16 shares
+5 more
8 metrics
RSU grant size
198 RSUs
Grant of restricted stock units to director; each equals one share
RSU vesting rate
25% per year
Vesting schedule beginning on July 1, 2026
Tax-withheld shares
16 shares
Shares withheld to cover tax obligations on anniversary awards
Tax withholding price
$100.88 per share
Value used for 16-share tax-withholding disposition
Direct holdings after transactions
1,886 shares
Class A Common Stock held directly after RSU grant and withholding
Indirect holding LP 1
1,375,437 shares
Indirect Class A Common Stock holding as general partner of a limited partnership
Indirect holding LP 2
598,907 shares
Indirect holding as general partner of a different limited partnership
Indirect holding LLC
1,883,387 shares
Indirect holding via LLC where voting and dispositive power is held but beneficial ownership disclaimed
Key Terms
restricted stock units (RSUs), 401(K), limited liability corporation ("LLC"), disclaims beneficial ownership, +1 more
5 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.
401(K) financial
"By 401(K)."
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
limited liability corporation ("LLC") financial
"The shares are held by the reporting person as the manager of a limited liability corporation ("LLC")."
disclaims beneficial ownership financial
"As manager of the LLC, the reporting person has sole voting and dispositive power over the shares. The reporting person disclaims beneficial ownership of the shares."
anniversary awards financial
"Represents shares withheld to cover certain tax obligations in connection with the vesting of the anniversary awards."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did EchoStar (ECHO) director James DeFranco report?
James DeFranco reported a routine equity compensation update. He received 198 restricted stock units and had 16 shares withheld to cover tax obligations tied to vesting of prior awards, while also disclosing his updated direct and indirect share holdings.
How many EchoStar (ECHO) RSUs were granted to James DeFranco and how do they vest?
DeFranco was granted 198 restricted stock units. These RSUs vest in equal installments of 25% per year, beginning on July 1, 2026, with each vested RSU delivering one share of EchoStar Class A Common Stock upon vesting.
What does the tax withholding transaction in the EchoStar (ECHO) Form 4 represent?
The Form 4 shows 16 shares withheld to cover certain tax obligations. This withholding is connected to the vesting of anniversary awards and is classified as a tax-withholding disposition, not an open-market sale, reflecting required tax payments on equity compensation.
What indirect EchoStar (ECHO) holdings does James DeFranco report in the Form 4?
DeFranco reports several indirect holdings in EchoStar Class A Common Stock through a 401(k), limited partnerships and limited liability companies. Some LLC interests give him sole voting and dispositive power, though he disclaims beneficial ownership of those particular share positions.
Does the EchoStar (ECHO) Form 4 indicate any open-market buying or selling by James DeFranco?
The Form 4 does not show open-market purchases or sales. It reflects a grant of 198 RSUs as compensation and 16 shares withheld for tax obligations, plus updates to indirect holdings, which are largely through retirement and partnership or LLC structures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
