Hallador Energy (HNRG) director awarded 6,316 RSUs as annual board equity
Rhea-AI Filing Summary
HALLADOR ENERGY CO director David J. Lubar received 6,316 Restricted Stock Units (RSUs) as equity compensation for his annual service on the board. Each RSU represents a contingent right to receive one share of Hallador Energy common stock under the Second Amended and Restated 2008 Restricted Stock Unit Plan.
The 6,316 RSUs will fully vest on May 27, 2027, subject to Lubar’s continued service and the plan’s terms. The filing also shows 2,851 common shares held directly and indirect interests in shares held by Lubar Equity Fund LLC, Lubar Opportunity Fund I and SM Opportunity Fund, where Lubar & Co. exercises voting and dispositive power and Lubar disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
LUBAR DAVID J
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,316 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,316 shares (Direct);
Common Stock — 2,851 shares (Direct);
Common Stock — 2,788,685 shares (Indirect, Lubar Equity Fund LLC);
Common Stock — 2,391,571 shares (Indirect, Lubar Opportunity Fund, I (LOFI));
Common Stock — 271,763 shares (Indirect, SM Opportunity Fund, LLC (SMOF))
Footnotes (6)
- F1. Shares are owned by the Lubar Equity Fund LLC (LEF). Lubar & Co. serves as investment manager over, and exercises in its sole discretion the entire voting and dispositive power with respect to all shares of the Issuer held by LEF. Mr. David J. Lubar serves as the Chief Executive Officer of Lubar & Co., and as a result, may be deemed to beneficially own these shares. Mr. Lubar disclaims beneficial ownership in the shares owned by LEF, except to the extent of his respective pecuniary interest therein.
- F2. Shares are owned by the Lubar Opportunity Fund, I (LOFI). Lubar & Co. serves as investment manager over, and exercises in its sole discretion the entire voting and dispositive power with respect to all shares of the Issuer held LOFI. Mr. David J. Lubar serves as the Chief Executive Officer of Lubar & Co., and as a result, may be deemed to beneficially own these shares. Mr. Lubar disclaims beneficial ownership in the shares owned by LOFI, except to the extent of his respective pecuniary interest therein.
- F3. Shares are owned by the SM Opportunity Fund, LLC (SMOF), Lubar & Co. serves as investment manager over, and exercises in its sole discretion the entire voting and dispositive power with respect to all shares of the Issuer held by SMOF. Mr. David J. Lubar serves as the Chief Executive Officer of Lubar & Co., and as a result, may be deemed to beneficially own these shares. Mr. Lubar disclaims beneficial ownership in the shares owned by SMOF, except to the extent of his respective pecuniary interest therein.
- F4. 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.
- F5. These shares were issued to the reporting person as consideration for his total annual equity compensation for service on the Issuer's board.
- F6. 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.
Key Figures
RSU grant size: 6,316 units
RSU exercise price: $0.0000 per unit
Underlying common shares: 6,316 shares
+4 more
7 metrics
RSU grant size
6,316 units
Annual equity compensation grant on May 28, 2026
RSU exercise price
$0.0000 per unit
Grant of 6,316 Restricted Stock Units
Underlying common shares
6,316 shares
Each RSU equals one share of common stock
Direct common shares
2,851 shares
Direct Hallador Energy holdings after reported transactions
SM Opportunity Fund holdings
271,763 shares
Indirect Hallador Energy holdings via SM Opportunity Fund, LLC
Lubar Opportunity Fund I holdings
2,391,571 shares
Indirect Hallador Energy holdings via Lubar Opportunity Fund I
Lubar Equity Fund LLC holdings
2,788,685 shares
Indirect Hallador Energy holdings via Lubar Equity Fund LLC
Key Terms
Restricted Stock Unit, beneficially own, pecuniary interest, voting and dispositive power, +1 more
5 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.
beneficially own financial
"may be deemed to beneficially own these shares. Mr. Lubar disclaims beneficial ownership in the shares owned by LEF"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"Lubar disclaims beneficial ownership in the shares owned by LEF, except to the extent of his respective pecuniary interest therein."
voting and dispositive power financial
"Lubar & Co. serves as investment manager over, and exercises in its sole discretion the entire voting and dispositive power"
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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hallador Energy (HNRG) director David J. Lubar receive in this Form 4 filing?
David J. Lubar received 6,316 Restricted Stock Units (RSUs) as his total annual equity compensation for serving on Hallador Energy’s board. Each RSU can convert into one share of common stock under the company’s restricted stock unit plan.
How do the 6,316 RSUs for HNRG’s David J. Lubar work?
Each of the 6,316 RSUs represents a contingent right to receive one Hallador Energy common share. Delivery of shares will occur pursuant to the Second Amended and Restated 2008 Restricted Stock Unit Plan after the units vest under the plan terms.
When do David J. Lubar’s Hallador Energy RSUs vest?
The 6,316 RSUs will fully vest on May 27, 2027, provided Lubar continues his service through that date. Vesting and settlement remain subject to the conditions in Hallador Energy’s Second Amended and Restated 2008 Restricted Stock Unit Plan and applicable award agreement.
What indirect HNRG holdings are associated with David J. Lubar’s investment entities?
The filing lists shares held by Lubar Equity Fund LLC, Lubar Opportunity Fund I, and SM Opportunity Fund LLC, with Lubar & Co. as investment manager holding voting and dispositive power. Lubar may be deemed a beneficial owner but disclaims ownership beyond his pecuniary interest.
Is David J. Lubar’s RSU grant a market purchase or sale of HNRG stock?
No, the 6,316-unit grant is a compensation-related award, not an open-market trade. It is classified as a grant or award acquisition under code A and reflects equity compensation for board service rather than a discretionary stock purchase or sale.