Genie Energy (GNE) insider logs tax-withheld Class B share disposition
Rhea-AI Filing Summary
Genie Energy director and 10% owner Howard S. Jonas reported a tax-withholding disposition of 11,114 shares of Class B common stock at $14.13 per share on February 10, 2026. These shares were withheld by the company to cover taxes on vested restricted stock.
After this transaction, he beneficially owned 700,104 Class B shares directly, consisting of 530,709 shares held outright, 119,395 vested restricted shares, and 50,000 unvested restricted shares, with 25,000 scheduled to vest on August 3, 2026 and 25,000 on August 2, 2027. He also reported additional indirect holdings in various trusts, a foundation, and a partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock, $.01 par value per share | 11,114 | $14.13 | $157K |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class B Common Stock, $.01 par value per share | -- | -- | -- |
| holding | Class A Common Stock, $.01 par value per share | -- | -- | -- |
Footnotes (1)
- Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock. Consists of 530,709 shares held directly, 119,395 vested restricted shares of Class B common stock, and 50,000 unvested restricted shares of Class B common stock, 25,000 shares of which shall vest on each of August 3, 2026 and August 2, 2027.
FAQ
What insider transaction did Howard S. Jonas report for Genie Energy (GNE)?
Was the Genie Energy (GNE) Form 4 transaction a market sale by Howard S. Jonas?
What future vesting schedule does the Genie Energy (GNE) filing disclose for Howard S. Jonas?