EVgo (NASDAQ: EVGO) director Griffith receives 63,745 RSUs and converts 49,386 into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVgo Inc. director Scott W. Griffith reported equity compensation and related share movements. On May 20, 2026, he received a grant of 63,745 restricted stock units (RSUs) under EVgo’s 2021 Long Term Incentive Plan, each RSU representing one share of Class A common stock upon vesting.
On May 18, 2026, he exercised previously granted RSUs that had vested, converting a total of 49,386 RSUs into the same number of Class A common shares at a stated price of $0.00 per share. Following these conversions, his direct holdings of Class A common stock increased to 108,274 shares shown in this filing, while the newly granted RSUs will vest in full on the first anniversary of May 18, 2026, subject to his continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
49,386 shares exercised/converted
Mixed
5 txns
Insider
Griffith Scott W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 63,745 | $0.00 | -- |
| Exercise | Restricted Stock Units | 43,830 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,556 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,556 | $0.00 | -- |
| Exercise | Class A Common Stock | 43,830 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 63,745 shares (Direct, null);
Class A Common Stock — 64,444 shares (Direct, null)
Footnotes (1)
- Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive Plan (the "Plan"). Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Class A common stock, $0.0001 par value ("Class A Common Stock"). RSUs awarded to the Reporting Person on May 20, 2025. The RSUs vested in full on the first anniversary of May 18, 2025, and were subject to the Reporting Person's continued service as a director through such vesting date. RSUs awarded to the Reporting Person on May 20, 2024. The RSUs vest in three equal annual installments on each of the first three anniversaries of May 18, 2024, subject to the Reporting Person's continued service as a director through such vesting dates. RSUs awarded to the Reporting Person on May 20, 2026. The RSUs will vest in full on the first anniversary of May 18, 2026, subject to the Reporting Person's continued service as a director through such vesting date.
Key Figures
New RSU grant: 63,745 RSUs
RSUs exercised: 49,386 RSUs
Shares after transactions: 108,274 shares
+2 more
5 metrics
New RSU grant
63,745 RSUs
Awarded under 2021 Long Term Incentive Plan on May 20, 2026
RSUs exercised
49,386 RSUs
Converted into Class A common stock on May 18, 2026
Shares after transactions
108,274 shares
Direct Class A common stock holdings following RSU conversions
RSU-to-share ratio
1 RSU : 1 share
Each RSU represents one share of Class A common stock upon vesting
Exercise price
$0.00 per share
Stated price for RSU conversions into Class A common stock
Key Terms
Restricted Stock Units, 2021 Long Term Incentive Plan, vest in full, three equal annual installments, +1 more
5 terms
Restricted Stock Units financial
"Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive Plan"
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.
2021 Long Term Incentive Plan financial
"RSUs awarded under the Issuer's 2021 Long Term Incentive Plan (the "Plan")"
vest in full financial
"The RSUs vested in full on the first anniversary of May 18, 2025"
three equal annual installments financial
"The RSUs vest in three equal annual installments on each of the first three anniversaries"
continued service as a director financial
"subject to the Reporting Person's continued service as a director through such vesting dates"
FAQ
What insider transactions did EVgo (EVGO) director Scott W. Griffith report?
Scott W. Griffith reported equity awards and related conversions. He received 63,745 restricted stock units and exercised 49,386 previously granted RSUs into the same number of Class A common shares, all as part of EVgo’s long-term incentive compensation.
How many restricted stock units did EVgo (EVGO) grant to Scott W. Griffith?
EVgo granted Scott W. Griffith 63,745 restricted stock units. Each RSU represents the right to receive one share of Class A common stock upon vesting, aligning director compensation with shareholder interests through equity rather than cash payments.
When do Scott W. Griffith’s new EVgo (EVGO) RSUs vest?
The RSUs granted to Scott W. Griffith on May 20, 2026 vest in full on the first anniversary of May 18, 2026, provided he continues to serve as a director through that vesting date, consistent with EVgo’s long-term incentive compensation structure.
Are Scott W. Griffith’s EVgo (EVGO) transactions open-market buys or sales?
The transactions are not open-market buys or sales. They consist of a grant of 63,745 restricted stock units and the exercise of 49,386 vested RSUs into common shares, all under EVgo’s long-term incentive plan rather than market trading.