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Evergy (EVRG) nuclear chief reports stock awards and tax share surrender

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Reasoner Cleveland O III

(Last) (First) (Middle)
C/O EVERGY, INC.
1200 MAIN STREET

(Street)
KANSAS CITY MO 64105

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Evergy, Inc. [ EVRG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, CHIEF NUCLEAR OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/01/2026 A 11,256(1) A $0 24,259 D
Common Stock 03/01/2026 F 2,675(2) D $83.66 21,584 D
Common Stock 03/01/2026 M 4,009(3) A $0(4) 25,593 D
Common Stock 03/01/2026 F 1,778(5) D $83.66 23,815 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (4) 03/01/2026 M 4,009(3) (6) (6) Common Stock 4,009 $0 12,140 D
Restricted Stock Units (4) 03/01/2026 A 3,841 (6) (6) Common Stock 3,841 $0 15,981 D
Explanation of Responses:
1. Award of common stock in settlement of performance shares.
2. Relinquished to Evergy, Inc. ("Evergy") for withholding taxes incident to settlement of performance share units on March 1, 2026.
3. Reflects vesting of 3,526 restricted stock units (plus reinvested dividends related to those units).
4. Restricted stock units convert to stock on a one-for-one basis.
5. Relinquished to Evergy for withholding taxes incident to the vesting of restricted stock units on March 1, 2026.
6. 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.
Executed on behalf of Cleveland O. Reasoner III by Christie Dasek-Kaine, attorney-in-fact 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many Evergy common shares were awarded to Cleveland Reasoner on March 1, 2026?

He was awarded 11,256 shares of Evergy common stock in settlement of performance shares. This award increased his direct common stock holdings and reflects the payout of prior performance share units based on the company’s incentive plan terms.

Why did Cleveland Reasoner relinquish Evergy shares on March 1, 2026?

He relinquished shares to Evergy to cover withholding taxes related to equity compensation. Specifically, 2,675 and 1,778 common shares were returned to the company in connection with performance share settlement and restricted stock unit vesting on March 1, 2026.

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.

How did these transactions affect Cleveland Reasoner’s Evergy share and RSU holdings?

Following the transactions, he directly held 23,815 shares of Evergy common stock and 15,981 restricted stock units. The mix reflects new awards, conversions of vested RSUs into stock, and share relinquishments to satisfy tax withholding obligations on March 1, 2026.

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.
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