[Form 4] Enphase Energy, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kortlang Benjamin John reported acquisition or exercise transactions in this Form 4 filing.
Enphase Energy, Inc. director Benjamin John Kortlang reported an equity compensation grant and updated share holdings. He received 5,952 restricted stock units (RSUs) of common stock at $0.00 per share, issued under the company’s 2021 Equity Incentive Plan.
The RSUs vest in four equal quarterly installments from the grant date and are fully vested on the earlier of the one-year anniversary of grant or the issuer’s next annual meeting of stockholders, subject to his continuous service. Following this grant, he directly holds 14,059 shares of common stock and also reports indirect holdings through two grantor retained annuity trusts and a joint trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Kortlang Benjamin John
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,952 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,059 shares (Direct, null);
Common Stock — 2,614 shares (Indirect, Joint 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. Represents shares previously owned directly by the reporting person that were contributed to grantor retained annuity trust ("GRAT 1"). Represents shares previously owned directly by the reporting person that were contributed to grantor retained annuity trust ("GRAT 2").
Key Figures
RSU grant size: 5,952 shares
RSU grant price: $0.00 per share
Direct holdings after grant: 14,059 shares
+3 more
6 metrics
RSU grant size
5,952 shares
Restricted stock units granted under the 2021 Equity Incentive Plan
RSU grant price
$0.00 per share
Grant, award, or other acquisition of common stock
Direct holdings after grant
14,059 shares
Common stock directly owned following the RSU award
GRAT 1 indirect holdings
101,796 shares
Common stock held indirectly in GRAT 1 after reported transactions
GRAT 2 indirect holdings
101,795 shares
Common stock held indirectly in GRAT 2 after reported transactions
Joint trust holdings
2,614 shares
Common stock held indirectly via a joint trust
Key Terms
Restricted stock units ("RSUs"), 2021 Equity Incentive Plan, grantor retained annuity trust, Continuous Service, +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")"
grantor retained annuity trust financial
"contributed to grantor retained annuity trust ("GRAT 1")"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Continuous Service financial
"subject to the Reporting Person's Continuous Service (as defined in the 2021 Plan)"
annual meeting of stockholders financial
"fully vested on the earlier of (i) the one-year anniversary ... or (ii) the date of the Issuer's next annual meeting of stockholders"
