Hallador Energy (HNRG) CLO discloses common stock and RSU stake
Rhea-AI Filing Summary
HALLADOR ENERGY CO executive Matthew Bradford White, the Chief Legal Officer, reported his initial ownership in a Form 3. He holds 3,359 shares of common stock directly and 10,745 Restricted Stock Units, each representing a contingent right to one share of common stock.
The RSUs are scheduled to vest in three tranches: 3,582 units on March 31, 2027, 3,582 units on March 31, 2028, and 3,581 units on March 31, 2029, subject to his continued service. The RSUs may also vest in full if a Change in Control occurs under the company’s 2nd Amended and Restated 2008 RSU Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
White Matthew Bradford
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,745 shares (Direct);
COMMON STOCK — 3,359 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock. Vested shares will be delivered to the reporting person pursuant to the terms of the 2nd Amended and Restated 2008 RSU Plan.
- F2. The Units shall vest 3,582 Units on March 31, 2027 and March 31, 2028; and 3,581 Units on March 31, 2029, in each case subject to Participant's continued Service through the applicable vesting date, and shall vest in full subject to Participant's continued Service through to the date of a Change in Control, and otherwise in accordance with the terms of the Plan and this Agreement.
Key Figures
Common stock held: 3,359 shares
Restricted Stock Units: 10,745 units
RSU vesting 2027: 3,582 units
+3 more
6 metrics
Common stock held
3,359 shares
Direct ownership reported on Form 3
Restricted Stock Units
10,745 units
Each unit equals one share of common stock
RSU vesting 2027
3,582 units
Scheduled to vest on March 31, 2027
RSU vesting 2028
3,582 units
Scheduled to vest on March 31, 2028
RSU vesting 2029
3,581 units
Scheduled to vest on March 31, 2029
RSU exercise price
$0.00 per unit
Conversion or exercise price for RSUs
Key Terms
Restricted Stock Unit, Change in Control, 2nd Amended and Restated 2008 RSU Plan
3 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Change in Control financial
"shall vest in full subject to Participant's continued Service through to the date of a Change in Control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2nd Amended and Restated 2008 RSU Plan financial
"delivered to the reporting person pursuant to the terms of the 2nd Amended and Restated 2008 RSU Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Matthew Bradford White report owning in HNRG on this Form 3?
He reports 3,359 shares of common stock and 10,745 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Hallador Energy common stock, subject to vesting and the terms of the company’s 2nd Amended and Restated 2008 RSU Plan.
How do the Restricted Stock Units for HNRG’s Chief Legal Officer vest?
The 10,745 RSUs vest in three annual tranches starting in 2027. 3,582 units vest on March 31, 2027, another 3,582 on March 31, 2028, and 3,581 on March 31, 2029, assuming the executive remains in service through each vesting date.
What is the relationship between each RSU and Hallador Energy common stock?
Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy common stock. Delivery of vested shares occurs under the terms of the company’s 2nd Amended and Restated 2008 RSU Plan and the applicable award agreement.
Is there a change in control provision tied to the HNRG RSUs?
Yes. The RSUs will vest in full if a Change in Control occurs, subject to the executive’s continued service through that date. This is in addition to the scheduled vesting dates specified in the award and the company’s 2nd Amended and Restated 2008 RSU Plan.
Does this HNRG Form 3 show any insider buying or selling activity?
No. The Form 3 reports existing holdings rather than new transactions. It lists 3,359 shares of common stock and 10,745 RSUs held by the Chief Legal Officer, providing a baseline of his equity position as of the reporting date.