Genie Energy (NYSE: GNE) CEO reports tax withholding of shares
Rhea-AI Filing Summary
Genie Energy Ltd. CEO Michael M. Stein reported a tax-withholding disposition of 21,079 shares of Class B common stock on August 3, 2026, where the issuer withheld shares to satisfy taxes upon restricted stock vesting. After this event, he holds 516,936 shares directly, consisting of 475,270 currently held shares and 41,666 unvested restricted shares scheduled to vest on August 2, 2027, and also reports 260,288 shares held indirectly through his wife.
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Insights
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Insider Trade Summary
Net Seller: 21,079 shares
Net Sell
2 txns
Insider
STEIN MICHAEL M
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock, par value $.01 per share F1, F2 | 21,079 | $14.135 | $298K |
| holding | Class B Common Stock, par value $.01 per share | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock, par value $.01 per share — 516,936 shares (Direct);
Class B Common Stock, par value $.01 per share — 260,288 shares (Indirect, By Wife)
Footnotes (2)
- F1. Represents shares withheld by the Issuer for tax purposes upon the vesting of Restricted Stock.
- F2. Consists of 475,270 shares of Class B common stock held directly and 41,666 unvested restricted shares of the Company's Class B common stock vesting on August 2, 2027.
Key Figures
Shares withheld for taxes: 21,079 shares
Tax withholding price: $14.135 per share
Direct holdings after transaction: 516,936 shares
+3 more
6 metrics
Shares withheld for taxes
21,079 shares
Issuer-withheld Class B shares on 2026-08-03 for tax on restricted stock vesting
Tax withholding price
$14.135 per share
Value used for tax-withholding disposition of 21,079 shares
Direct holdings after transaction
516,936 shares
CEO’s direct Class B common stock position following the tax-withholding event
Direct currently held shares
475,270 shares
Portion of direct holdings that are not unvested restricted shares
Unvested restricted shares
41,666 shares
Restricted Class B shares vesting on August 2, 2027, included in direct holdings
Indirect holdings by wife
260,288 shares
Class B common stock reported as indirectly owned "By Wife"
Key Terms
Restricted Stock, Class B Common Stock, withheld by the Issuer for tax purposes
3 terms
Restricted Stock financial
"upon the vesting of Restricted Stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Class B Common Stock financial
"Class B Common Stock, par value $.01 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
withheld by the Issuer for tax purposes financial
"Represents shares withheld by the Issuer for tax purposes"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What are Michael Stein’s direct Genie Energy (GNE) holdings after the transaction?
Following the tax-withholding event, Michael Stein directly holds 516,936 Genie Energy Class B shares. This position consists of 475,270 currently held shares plus 41,666 unvested restricted shares that are scheduled to vest on August 2, 2027, according to the filing’s footnote.
What indirect Genie Energy (GNE) holdings are reported for Michael Stein?
In addition to his direct stake, Michael Stein reports 260,288 Genie Energy Class B shares held indirectly. The holding entry notes these shares are owned "By Wife," reflecting indirect beneficial ownership attributed through his spouse rather than shares he holds in his own name.