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Hallador Energy (HNRG) COO awarded 23,270 RSUs with 2027–2029 vesting

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

Rhea-AI Filing Summary

Lovell Heath Aaron reported acquisition or exercise transactions in this Form 4 filing.

Hallador Energy Chief Operating Officer Heath Aaron Lovell received a grant of 23,270 Restricted Stock Units (RSUs) linked to Hallador Energy common stock. Each RSU represents the right to receive one share of common stock if vesting conditions are met.

The RSUs vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029, conditioned on his continued service and subject to the company’s 2nd Amended and Restated 2008 RSU Plan and related agreement terms. After this grant, he holds 64,134 RSUs and 152,713 shares of common stock directly.

Positive

  • None.

Negative

  • None.
Insider Lovell Heath Aaron
Role Chief Operating Officer
Type Security Shares Price Value
Grant/Award RSU 23,270 $0.00 --
holding COMMON STOCK -- -- --
Holdings After Transaction: RSU — 64,134 shares (Direct); COMMON STOCK — 152,713 shares (Direct)
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 2nd Amended and Restated 2008 RSU Plan. These RSUs vest ratably on March 31, 2027, March 31, 2028, and March 31, 2029, subject to the executive officer's continued service through each applicable vesting date. subject 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.
RSUs granted 23,270 RSUs Grant to COO on 2026-04-15
RSU-to-share ratio 1 RSU : 1 share Each RSU converts to one common share upon vesting
RSUs after grant 64,134 RSUs Total RSU holdings following the award
Common shares held 152,713 shares Direct common stock holdings after the reported date
Vesting dates March 31, 2027, 2028, 2029 Scheduled vesting of RSUs, subject to continued service
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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"
continued Service financial
"subject in each case subject to Participant's continued Service through the applicable vesting date"
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*
Lovell Heath Aaron
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		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 STOCK152,713D
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
RSU(1)04/15/2026A23,270 (1)(2) (1)(2)Common Stock23,270(1)64,134D
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 2nd Amended and Restated 2008 RSU Plan.
2. These RSUs vest ratably on March 31, 2027, March 31, 2028, and March 31, 2029, subject to the executive officer's continued service through each applicable vesting date. subject 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.
/s/ Heath A. Lovell04/16/2026
** 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