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Hallador Energy (HNRG) grants CEO 69,808 restricted stock units

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

Rhea-AI Filing Summary

Bilsland Brent K reported acquisition or exercise transactions in this Form 4 filing.

Hallador Energy President and CEO Brent K. Bilsland received an equity grant of 69,808 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Hallador Energy common stock under the 2nd Amended and Restated 2008 RSU Plan.

The RSUs vest in three equal installments on March 31, 2027, March 31, 2028, and March 31, 2029, subject to his continued service, and may vest earlier upon a Change in Control under the plan terms. Following this grant, he holds 174,886 RSUs, 1,146,495 shares of common stock directly, and 366,397 shares indirectly through the Alexa Bilsland Revocable Trust.

Positive

  • None.

Negative

  • None.
Insider Bilsland Brent K
Role President and CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 69,808 $0.00 --
holding Common Stock -- -- --
holding COMMON STOCK -- -- --
Holdings After Transaction: Restricted Stock Unit — 174,886 shares (Direct); Common Stock — 1,146,495 shares (Direct); COMMON STOCK — 366,397 shares (Indirect, By Alexa Bilsland Revocable Trust)
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.
New RSU grant 69,808 RSUs Granted to President and CEO Brent K. Bilsland
Total RSUs after grant 174,886 RSUs RSU holdings following the April 15, 2026 grant
Direct common stock holdings 1,146,495 shares Common stock directly owned after reported transactions
Indirect common stock holdings 366,397 shares Held indirectly by Alexa Bilsland Revocable Trust
RSU vesting dates March 31, 2027, 2028, 2029 RSUs vest ratably over three annual dates
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.
2nd Amended and Restated 2008 RSU Plan financial
"Vested shares will be delivered to the reporting person pursuant to the terms of the 2nd Amended and Restated 2008 RSU Plan."
Change in Control financial
"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"
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.
Revocable Trust financial
"nature_of_ownership: By Alexa Bilsland Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
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*
Bilsland Brent K
(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
XOfficer (give title below)Other (specify below)
President and CEO
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 Stock1,146,495D
COMMON STOCK366,397IBy Alexa Bilsland Revocable Trust
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 Unit(1)04/15/2026A69,808 (1)(2) (1)(2)Common Stock69,808(1)(1)174,886D
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/ Brent K. Bilsland04/16/2026
** 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

FAQ

What did Hallador Energy (HNRG) CEO Brent Bilsland receive in this Form 4 filing?

Brent K. Bilsland received a grant of 69,808 Restricted Stock Units. Each RSU is a contingent right to one share of Hallador Energy common stock, awarded under the company’s 2nd Amended and Restated 2008 RSU Plan.

How do Brent Bilsland’s new Hallador Energy RSUs vest?

The 69,808 RSUs vest ratably on March 31, 2027, March 31, 2028, and March 31, 2029. Vesting is conditioned on his continued service, with potential full vesting upon a qualifying Change in Control under the plan and award agreement terms.

How many Hallador Energy RSUs does Brent Bilsland hold after this grant?

After the 69,808-unit grant, Brent Bilsland holds 174,886 Restricted Stock Units. These RSUs represent a future right to receive an equal number of Hallador Energy common shares if vesting conditions under the company’s RSU plan are satisfied.

What is Brent Bilsland’s direct common stock ownership in Hallador Energy after this filing?

Following the reported transactions, Brent Bilsland directly owns 1,146,495 shares of Hallador Energy common stock. This figure reflects his direct holdings only and is separate from his RSUs and any indirect ownership through related entities or trusts.

What indirect Hallador Energy holdings are reported for Brent Bilsland?

The filing shows 366,397 Hallador Energy common shares held indirectly through the Alexa Bilsland Revocable Trust. These are reported as indirect ownership, indicating they are held by the trust rather than directly in Brent Bilsland’s personal name.

Was the Hallador Energy RSU grant to Brent Bilsland a market purchase or sale?

The RSU grant was a compensation-related award, not a market trade. It is reported with transaction code A, a price per share of $0.0000, and represents a grant or other acquisition under the company’s equity compensation plan.