Excelerate Energy (NYSE: EE) officer has RSU shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Excelerate Energy, Inc. officer Amy Thompson Broussard reported a tax-related share disposal tied to equity compensation. The filing shows 699 shares of Class A common stock were withheld at $33.31 per share to satisfy tax withholding on vesting restricted stock units granted under the company’s Long-Term Incentive Plan. After this non-market transaction, she directly holds 32,152 shares of Class A common stock, indicating this was a routine compensation and tax event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Broussard Amy Thompson
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 699 | $33.31 | $23K |
Holdings After Transaction:
Class A Common Stock — 32,152 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withheld shares: 699 shares
Withholding price: $33.31 per share
Post-transaction holdings: 32,152 shares
+2 more
5 metrics
Tax-withheld shares
699 shares
Class A common stock withheld for tax liability
Withholding price
$33.31 per share
Value used for RSU tax-withholding shares
Post-transaction holdings
32,152 shares
Class A common stock directly held after transaction
Grant date of RSUs
March 31, 2023
Original RSU grant under Long-Term Incentive Plan
RSU vesting date
March 31, 2026
Portion of RSUs vested, triggering tax withholding
Key Terms
restricted stock units ("RSUs"), tax withholding liability, Long-Term Incentive Plan
3 terms
restricted stock units ("RSUs") financial
"Reflects restricted stock units ("RSUs") withheld in satisfaction of the Reporting Person's tax withholding liability."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding liability financial
"RSUs withheld in satisfaction of the Reporting Person's tax withholding liability."
Long-Term Incentive Plan financial
"granted to the Reporting Person 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.
FAQ
What insider transaction did Excelerate Energy (EE) report for Amy Thompson Broussard?
Excelerate Energy reported that officer Amy Thompson Broussard had 699 Class A shares withheld for taxes. These shares came from vested restricted stock units and were not sold on the open market, reflecting a routine equity compensation tax event.
Does the Excelerate Energy (EE) Form 4 reflect an open-market sale by the insider?
No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover taxes owed on vesting restricted stock units, a standard administrative step in stock-based compensation programs.