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Hallador Energy (HNRG) director receives 6,047 RSU award vesting in 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Gray Zarrell Thomas reported acquisition or exercise transactions in this Form 4 filing.

Hallador Energy director Zarrell Thomas Gray reported a new equity award rather than an open-market trade. He received 6,047 Restricted Stock Units (RSUs), each representing a contingent right to one share of Hallador Energy common stock, granted at a price of $0.00 per unit.

The RSUs are scheduled to fully vest on May 27, 2027, subject to his continued service and the terms of the Second Amended and Restated 2008 Restricted Stock Unit Plan and related award agreement. After this filing, he holds 76,480 shares of common stock directly and 6,047 RSUs, highlighting that this is a compensation-related grant instead of a purchase or sale in the market.

Positive

  • None.

Negative

  • None.
Insider Gray Zarrell Thomas
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 6,047 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 6,047 shares (Direct, null); Common Stock — 76,480 shares (Direct, null)
Footnotes (1)
  1. 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 Second Amended and Restated 2008 Restricted Stock Unit Plan. The Units shall fully vest May 27, 2027, subject in each case subject to Participant's continued Service through the applicable vesting date, subject to the terms and conditions set forth in the Second Amended and Restated 2008 Restricted Stock Unit Plan and Award Agreement.
RSU grant size 6,047 units Restricted Stock Units granted to director on May 28, 2026
RSU grant price $0.00 per unit Grant or award acquisition of Restricted Stock Units
Underlying common shares for RSUs 6,047 shares Each RSU corresponds to one share of common stock
Common stock held after transaction 76,480 shares Direct Hallador Energy common stock holdings after reported transactions
RSU vesting date May 27, 2027 Scheduled full vesting date subject to continued service
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock."
Second Amended and Restated 2008 Restricted Stock Unit Plan financial
"Vested shares will be delivered to the reporting person pursuant to the terms of the Second Amended and Restated 2008 Restricted Stock Unit Plan."
vesting financial
"The Units shall fully vest May 27, 2027, subject in each case subject to Participant's continued Service through the applicable vesting date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Gray Zarrell Thomas
(Last)(First)(Middle)
1183 EAST CANVASBACK DRIVE
(Street)
TERRE HAUTE INDIANA 47802
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
HALLADOR ENERGY CO [ HNRG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock76,480D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/28/2026A6,047 (1)(2) (1)(2)Common Stock(1)6,047(1)6,047D
Explanation of Responses:
1. 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 Second Amended and Restated 2008 Restricted Stock Unit Plan.
2. The Units shall fully vest May 27, 2027, subject in each case subject to Participant's continued Service through the applicable vesting date, subject to the terms and conditions set forth in the Second Amended and Restated 2008 Restricted Stock Unit Plan and Award Agreement.
/s/ Zarrell Gray06/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Hallador Energy (HNRG) director Zarrell Thomas Gray report in this Form 4?

He reported a compensation-related equity grant, not a market trade. Gray received 6,047 Restricted Stock Units (RSUs), each tied to one share of Hallador Energy common stock, under the company’s Second Amended and Restated 2008 Restricted Stock Unit Plan.

How many Restricted Stock Units did Zarrell Thomas Gray receive from Hallador Energy (HNRG)?

He received 6,047 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Hallador Energy common stock, with delivery governed by the Second Amended and Restated 2008 Restricted Stock Unit Plan and an associated award agreement.

When do Zarrell Thomas Gray’s Hallador Energy (HNRG) RSUs vest?

The 6,047 RSUs are scheduled to fully vest on May 27, 2027. Vesting is subject to his continued service through that date and compliance with the terms and conditions of the Second Amended and Restated 2008 Restricted Stock Unit Plan and Award Agreement.

How many Hallador Energy (HNRG) common shares does Zarrell Thomas Gray hold after this filing?

Following the reported transactions, he directly holds 76,480 shares of Hallador Energy common stock. In addition, he has 6,047 RSUs outstanding, which may convert into shares upon vesting and settlement under the plan’s terms.

Is Zarrell Thomas Gray’s Hallador Energy (HNRG) RSU grant an open-market purchase?

No, the 6,047 RSUs are a grant or award, not an open-market purchase. The transaction code is “A,” indicating a grant, and the RSUs were awarded at a stated price of $0.00 per unit under the company’s equity plan.