Evergy (EVRG) nuclear chief reports stock awards and tax share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Evergy, Inc. senior vice president and chief nuclear officer Cleveland O. Reasoner III reported several equity-compensation transactions dated March 1, 2026. He received an award of 11,256 shares of common stock in settlement of performance shares and a new grant of 3,841 restricted stock units. Separately, 4,009 restricted stock units vested and converted into common stock on a one-for-one basis. To cover withholding taxes on these settlements and vesting events, he relinquished 2,675 and 1,778 common shares back to Evergy. After these transactions, he directly held 23,815 shares of common stock and 15,981 restricted stock units, some of which will vest between 2027 and 2029 subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,009 shares exercised/converted
Mixed
6 txns
Insider
Reasoner Cleveland O III
Role
SVP, CHIEF NUCLEAR OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,009 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,841 | $0.00 | -- |
| Grant/Award | Common Stock | 11,256 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,675 | $83.66 | $224K |
| Exercise | Common Stock | 4,009 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,778 | $83.66 | $149K |
Holdings After Transaction:
Restricted Stock Units — 12,140 shares (Direct);
Common Stock — 24,259 shares (Direct)
Footnotes (1)
- Award of common stock in settlement of performance shares. Relinquished to Evergy, Inc. ("Evergy") for withholding taxes incident to settlement of performance share units on March 1, 2026. Reflects vesting of 3,526 restricted stock units (plus reinvested dividends related to those units). Restricted stock units convert to stock on a one-for-one basis. Relinquished to Evergy for withholding taxes incident to the vesting of restricted stock units on March 1, 2026. Of the total restricted stock units reported, and subject to, continued employment, (i) 4,510 units (plus reinvested dividends related to those units) vest on March 1, 2027, (ii) 4,277 units (plus reinvested dividends related to those units) vest on March 1, 2028, (iii) 2,762 units (plus reinvested dividends related to those units), vest on October 7, 2028; and (iv) 3,841 units (plus reinvested dividends related to those units) vest on March 1, 2029.
FAQ
What insider transactions did Evergy (EVRG) executive Cleveland O. Reasoner III report?
Cleveland O. Reasoner III reported equity-compensation transactions, including common stock awards, restricted stock unit vesting and new RSU grants. He also relinquished shares back to Evergy to satisfy tax withholding obligations tied to these March 1, 2026 settlement and vesting events.
What future vesting schedule applies to Cleveland Reasoner’s Evergy restricted stock units?
His restricted stock units vest over several future dates, subject to continued employment. 4,510 units vest on March 1, 2027, 4,277 units on March 1, 2028, 2,762 units on October 7, 2028, and 3,841 units on March 1, 2029, plus related reinvested dividends.
Do Cleveland Reasoner’s restricted stock units convert to Evergy common stock?
Yes. The filing states that restricted stock units convert into Evergy common stock on a one-for-one basis. As units vest on their scheduled dates, they are settled in an equal number of common shares, subject to applicable tax withholding.