EVGO CFO settles equity awards; shares withheld at $4.22 for taxes
Rhea-AI Filing Summary
EVgo (EVGO) reported insider equity activity by its Chief Financial Officer. On October 22, 2025, previously granted equity awards vested and were settled in Class A common stock via code M transactions: 9,107 shares from PRSUs and 18,692 shares from RSUs. Shares were withheld for taxes via code F: 2,218 and 4,552 shares at $4.22 per share. Following these transactions, the CFO beneficially owns 21,029 shares directly.
Footnotes state the PRSUs and RSUs were awarded under the 2021 Long Term Incentive Plan, with PRSUs tied to stock-price performance hurdles and both awards vesting over three years from October 22, 2024. Derivative holdings remaining include 72,860 PRSUs and 37,386 RSUs.
Positive
- None.
Negative
- None.
Insights
Routine vesting with tax withholding; neutral impact.
The CFO’s Form 4 lists standard equity award settlements. Code M denotes conversion of vested PRSUs (9,107) and RSUs (18,692) into Class A shares at no cash cost. Code F shows share withholding (2,218 and 4,552) to satisfy taxes at a settlement price of $4.22.
These are non-open-market transactions tied to the company’s 2021 plan and scheduled vesting from October 22, 2024. Remaining derivative balances are 72,860 PRSUs and 37,386 RSUs, indicating future potential share deliveries if conditions are met. Actual impact depends on award vesting and performance achievement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units | 9,107 | $0.00 | -- |
| Exercise | Restricted Stock Units | 18,692 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,107 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,218 | $4.22 | $9K |
| Exercise | Class A Common Stock | 18,692 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,552 | $4.22 | $19K |
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"). On October 22, 2025, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on October 22, 2025 was the settlement price used to calculate the shares withheld. Performance-based restricted stock units ("PRSUs") awarded under the Issuer's 2021 Long Term Incentive Plan. Each PRSU represents the contingent right to receive, upon vesting of the PRSU, one share of Common Stock. The PRSUs generally vest in three equal installments on the first three anniversaries of October 22, 2024, provided that the applicable performance goal has been achieved by such date (and, if not, on the date the applicable performance goal is subsequently achieved), and subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche of PRSUs will be satisfied if the Common Stock achieves a specified per share price for such tranche calculated based on a 15-day volume weighted average price at any time prior to October 22, 2029. The RSUs vest in three equal annual installments on each of the first three anniversaries of October 22, 2024, subject to the Reporting Person's continued employment through each vesting date.
