Excelerate Energy (NYSE: EE) reports stock grant and tax withholding

Rhea-AI Filing Summary

Excelerate Energy, Inc. officer Michael Anthony Bent reported equity compensation activity involving Class A common stock. On February 18, 2026, he acquired 5,293 shares at a price per share of $0.0000 through the vesting of performance stock units granted on March 31, 2023 under the company’s Long-Term Incentive Plan. These PSUs vested based on the company achieving 132% of the target for adjusted return on equity and 96.80% of the target for relative total shareholder return over the period from January 1, 2023 through December 31, 2025, with the compensation committee certifying results on February 18, 2026. On the same date, 2,135 shares at $41.78 per share were disposed of to satisfy his tax withholding liability, a non–open-market transaction. Following these transactions, he directly owned 27,907 shares of Class A common stock.

SEC Form 4

FORM 4

UNITED 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

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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^*

Bent Michael Anthony

(Last) (First) (Middle)

C/O EXCELERATE ENERGY, INC.

2445 TECHNOLOGY FOREST BLVD., LEVEL 6

(Street)

THE WOODLANDS TX 77381

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Excelerate Energy, Inc. [ EE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/18/2026		A		5,293(1)	A	$0	30,042	D
Class A Common Stock	02/18/2026		F		2,135(2)	D	$41.78	27,907	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents performance stock units ("PSUs") granted on March 31, 2023 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan, each of which represented a contingent right to receive one share of Class A common stock of the Issuer. 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.

2. Reflects PSUs reported as acquired under footnote (1) above that were withheld to satisfy the Reporting Person's tax withholding liability.

Remarks:

Vice President, Controller and Chief Accounting Officer

	/s/ Alisa Newman Hood, Attorney-in-Fact	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Excelerate Energy (EE) report for Michael Anthony Bent?

Excelerate Energy reported that officer Michael Anthony Bent acquired 5,293 Class A shares via vested performance stock units and had 2,135 shares withheld to cover tax obligations. These movements are equity-compensation related rather than open-market buys or sales.

How many Excelerate Energy (EE) shares does Michael Anthony Bent own after this Form 4?

After the reported transactions, Michael Anthony Bent directly owns 27,907 shares of Excelerate Energy Class A common stock. This reflects both the vesting of performance stock units and the shares withheld to satisfy his tax withholding liability.

What performance goals triggered the vesting of Excelerate Energy (EE) PSUs for Michael Bent?

The PSUs vested based on Excelerate Energy achieving 132% of target adjusted return on equity and 96.80% of target relative total shareholder return from January 1, 2023 through December 31, 2025. The compensation committee certified these results on February 18, 2026.

Was the Excelerate Energy (EE) Form 4 transaction an open-market stock sale?

No, the disposition of 2,135 shares at $41.78 per share was for tax withholding. Shares were withheld to satisfy Michael Bent’s tax liability arising from PSU vesting, not sold in an open-market transaction to outside buyers.

What are the details of the performance stock units reported by Excelerate Energy (EE)?

The performance stock units were granted on March 31, 2023 and each represented a contingent right to one Class A share. Vesting depended on adjusted return on equity and relative total shareholder return performance measured through December 31, 2025.