Director Jeff McNeil exercises RSUs at Eos Energy (NASDAQ: EOSE)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eos Energy Enterprises director Jeff McNeil reported routine equity compensation activity involving restricted stock units. He exercised 23,111 RSUs into an equal number of shares of common stock at a price of $0.00 per share, increasing his directly held common stock.
Following the transaction, McNeil directly owns 122,290 shares of common stock. A separate entry shows an additional 227,272 common shares held indirectly by Jeff and Nanci McNeil as trustees of the 2022 Jeff McNeil and Nanci McNeil Charitable Remainder Unitrust.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,111 shares exercised/converted
Mixed
3 txns
Insider
McNeil Jeff
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,111 | $0.00 | -- |
| Exercise | Common Stock | 23,111 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 122,290 shares (Direct, null);
Common Stock — 227,272 shares (Indirect, See footnote)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. Shares of records held by Jeff McNeil and Nanci McNeil as trustees of the 2022 Jeff McNeil and Nanci McNeil Charitable Remainder Unitrust Not applicable.
Key Figures
RSUs exercised: 23,111 units
Exercise price: $0.00 per share
Direct common shares after: 122,290 shares
+3 more
6 metrics
RSUs exercised
23,111 units
Restricted Stock Units converted to common stock on transaction date
Exercise price
$0.00 per share
Conversion of RSUs into common stock
Direct common shares after
122,290 shares
Direct ownership following RSU exercise
Indirect common shares
227,272 shares
Held by 2022 Jeff and Nanci McNeil Charitable Remainder Unitrust
Derivative position after
0 RSUs
Restricted Stock Units total shares following transaction
Exercise transactions
1 transaction
Exercise or conversion of derivative security (code M)
Key Terms
Restricted Stock Units, RSU, derivative exercise/conversion, charitable remainder unitrust, +1 more
5 terms
Restricted Stock Units financial
"The filing lists “Restricted Stock Units” as the derivative security exercised."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
derivative exercise/conversion financial
"The transaction action is described as a “derivative exercise/conversion” with code M."
charitable remainder unitrust financial
"Shares of record held by Jeff McNeil and Nanci McNeil as trustees of the 2022 Jeff McNeil and Nanci McNeil Charitable Remainder Unitrust"
indirect ownership financial
"An indirect ownership entry shows 227,272 common shares with nature of ownership referencing a footnote."
FAQ
What did EOSE director Jeff McNeil report in this Form 4?
Jeff McNeil reported exercising 23,111 restricted stock units into common shares of Eos Energy Enterprises. This derivative exercise increased his direct share ownership as part of routine equity compensation, without any open-market buying or selling activity disclosed.
What happened to the 23,111 restricted stock units reported for EOSE?
The 23,111 restricted stock units were converted into 23,111 shares of Eos Energy common stock at a conversion price of $0.00. After this exercise, the restricted stock unit position shown in the filing was reduced to zero shares outstanding.
Were there any open-market buys or sells of EOSE stock in this Form 4?
No open-market buys or sells were reported. The filing shows a derivative exercise coded “M,” where restricted stock units converted into common shares, and a separate indirect holding entry, but no transactions coded as open-market purchases or sales.