Enphase Energy (ENPH) director granted 5,952 RSUs and reports major trust holdings
Rhea-AI Filing Summary
Rodgers Thurman J reported acquisition or exercise transactions in this Form 4 filing.
Enphase Energy director Thurman J. Rodgers reported an equity award of 5,952 shares of common stock, issued as restricted stock units under the 2021 Equity Incentive Plan. These RSUs vest in four equal quarterly installments over roughly one year, tied to continued service.
Following the grant, Rodgers holds 8,542 shares of common stock directly. He also reports additional indirect holdings through several family and charitable trusts, including a charitable remainder trust where he and his spouse are trustees and beneficiaries, and for which he disclaims beneficial ownership except for their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Rodgers Thurman J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,952 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,542 shares (Direct);
Common Stock — 1,597,641 shares (Indirect, By Trust)
Footnotes (1)
- Restricted stock units ("RSUs") issued pursuant to the 2021 Equity Incentive Plan (the "2021 Plan"). RSUs vest in four equal quarterly installments from the grant date, such that the total RSUs are fully vested on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's Continuous Service (as defined in the 2021 Plan) through each applicable vesting date. These shares are held directly by the Rodgers Massey Revocable Living Trust dtd 4/4/11 for which the reporting person and his spouse, Valeta Massey, serve as trustees. These shares are held directly by the Valeta Massey 2012 Irrevocable Trust, for which the Reporting Person's spouse serves as trustee. These shares are held directly by the TJ Rodgers 2012 Irrevocable Trust, for which the Reporting Person's spouse serves as trustee. These shares are held directly by the Rodgers Family Freedom and Free Markets Charitable Trust, a charitable remainder trust for which the reporting person and his spouse, Valeta Massey, serve as trustees and of which the reporting person and his spouse are beneficiaries. The reporting person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
Key Figures
RSU grant size: 5,952 shares
Direct holdings after grant: 8,542 shares
Charitable trust holdings: 85,200 shares
+3 more
6 metrics
RSU grant size
5,952 shares
Restricted stock units granted under 2021 Equity Incentive Plan
Direct holdings after grant
8,542 shares
Common stock held directly following RSU award
Charitable trust holdings
85,200 shares
Rodgers Family Freedom and Free Markets Charitable Trust
Revocable living trust holdings
1,597,641 shares
Rodgers Massey Revocable Living Trust dtd 4/4/11
Irrevocable trust holdings (spouse trustee)
4,100 shares
Valeta Massey 2012 Irrevocable Trust
Irrevocable trust holdings (TJ Rodgers 2012)
4,100 shares
TJ Rodgers 2012 Irrevocable Trust
Key Terms
Restricted stock units ("RSUs"), 2021 Equity Incentive Plan, charitable remainder trust, pecuniary interest, +1 more
5 terms
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") issued pursuant to the 2021 Equity Incentive Plan"
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.
2021 Equity Incentive Plan financial
"RSUs issued pursuant to the 2021 Equity Incentive Plan (the "2021 Plan")"
charitable remainder trust financial
"Rodgers Family Freedom and Free Markets Charitable Trust, a charitable remainder trust"
pecuniary interest financial
"disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein"
Revocable Living Trust financial
"Rodgers Massey Revocable Living Trust dtd 4/4/11 for which the reporting person and his spouse serve as trustees"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Thurman J. Rodgers report at Enphase Energy (ENPH)?
Thurman J. Rodgers reported receiving 5,952 shares of Enphase Energy common stock as a restricted stock unit grant. The award was issued under the 2021 Equity Incentive Plan and represents compensation rather than an open-market purchase or sale.
How do the new RSUs granted to Thurman J. Rodgers at ENPH vest?
The 5,952 restricted stock units vest in four equal quarterly installments from the grant date. They become fully vested on the earlier of one year after grant or Enphase Energy’s next annual shareholder meeting, subject to Rodgers’ continuous service during each vesting period.
What indirect Enphase Energy holdings are reported for Thurman J. Rodgers on this Form 4?
The filing lists several indirect holdings through family and charitable trusts, including 85,200 shares in a charitable trust and 1,597,641 shares in a revocable living trust. Additional smaller positions are held in other irrevocable trusts managed by Rodgers’ spouse as trustee.
Was the Enphase Energy Form 4 transaction a market buy or sell by Thurman J. Rodgers?
No open-market buy or sell is reported. The main reportable event is a grant of 5,952 restricted stock units at a price of $0.00 per share, categorized as a grant or award acquisition rather than a purchase or sale in the market.