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Excelerate Energy (EE) CEO granted 66,144 PSUs tied to 2023–2025 performance

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kobos Steven M reported acquisition or exercise transactions in this Form 4 filing.

Excelerate Energy, Inc. President and CEO Steven M. Kobos received a grant of 66,144 performance stock units (PSUs), each representing a contingent right to one share of Class A common stock or cash. These PSUs relate to a grant made on March 31, 2023 under the Long-Term Incentive Plan and vested based on performance from January 1, 2023 through December 31, 2025.

The PSUs vested at 132% of the target amount for adjusted return on equity and 96.80% of the target amount for relative total shareholder return within a peer group. The compensation committee certified these results on February 18, 2026. Kobos elected to defer receipt of the 66,144 underlying shares, which will be paid in a lump sum or five annual installments upon his separation from service, bringing his reported derivative holdings to 224,696 PSUs after this award.

Positive

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Negative

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Insider Kobos Steven M
Role President and CEO
Type Security Shares Price Value
Grant/Award Performance Stock Unit 66,144 $0.00 --
Holdings After Transaction: Performance Stock Unit — 224,696 shares (Direct, null)
Footnotes (1)
  1. Each performance stock unit ("PSU") represents a contingent right to receive one share of Class A common stock of the Issuer, or the cash equivalent thereof. The reporting person elected to defer receipt of 66,144 shares of common stock issuable upon the vesting of PSUs granted on March 31, 2023 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan. The PSUs vested at 132% of the target amount of the Issuer's adjusted return on equity and 96.80% of the target amount of the Issuer's relative total shareholder return within a group of peer companies, both as measured from January 1, 2023 through December 31, 2025. The Issuer's compensation committee certified the achievement of the performance goal on February 18, 2026. The deferred PSUs become payable in a single lump sum or in five annual installments upon the reporting person's separation from service.
PSUs granted/vested 66,144 PSUs Performance stock units linked to March 31, 2023 grant
Adjusted ROE vesting level 132% of target Performance measured Jan 1, 2023–Dec 31, 2025
Relative TSR vesting level 96.80% of target Peer group TSR over 2023–2025 period
Derivative holdings after transaction 224,696 PSUs Total performance stock units following this award
Certification date February 18, 2026 Date compensation committee certified performance goals
Performance period January 1, 2023–December 31, 2025 Measurement window for ROE and TSR targets
Performance Stock Unit financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share of Class A common stock..."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
adjusted return on equity financial
"The PSUs vested at 132% of the target amount of the Issuer's adjusted return on equity..."
Adjusted return on equity is a profitability measure that shows how much profit a company generates for common shareholders after removing one-time items, accounting quirks, or other non-recurring effects from the usual return-on-equity calculation. It matters to investors because it gives a cleaner, more comparable view of how efficiently management turns shareholders’ capital into sustainable earnings—like judging a car’s normal fuel economy after excluding an unusual long trip.
relative total shareholder return financial
"...and 96.80% of the target amount of the Issuer's relative total shareholder return within a group of peer companies..."
Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.
Long-Term Incentive Plan financial
"...PSUs granted on March 31, 2023 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
separation from service financial
"The deferred PSUs become payable ... upon the reporting person's separation from service."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kobos Steven M
(Last)(First)(Middle)
C/O EXCELERATE ENERGY, INC.
2445 TECHNOLOGY FOREST BLVD., LEVEL 6
(Street)
THE WOODLANDS TEXAS 77381
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Excelerate Energy, Inc. [ EE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Unit(1)02/18/2026A66,144(2) (3) (3)Class A Common Stock66,144$0224,696D
Explanation of Responses:
1. Each performance stock unit ("PSU") represents a contingent right to receive one share of Class A common stock of the Issuer, or the cash equivalent thereof.
2. The reporting person elected to defer receipt of 66,144 shares of common stock issuable upon the vesting of PSUs granted on March 31, 2023 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan. The PSUs vested at 132% of the target amount of the Issuer's adjusted return on equity and 96.80% of the target amount of the Issuer's relative total shareholder return within a group of peer companies, both as measured from January 1, 2023 through December 31, 2025. The Issuer's compensation committee certified the achievement of the performance goal on February 18, 2026.
3. The deferred PSUs become payable in a single lump sum or in five annual installments upon the reporting person's separation from service.
/s/ Alisa Newman Hood, Attorney-in-Fact06/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR