H2O America (HTO) CEO logs RSU grant, performance vesting and tax share withholding
Rhea-AI Filing Summary
H2O America director and CEO Andrew F. Walters reported equity compensation activity involving the company’s common stock. He received 5,950 RSUs under the Long-Term Incentive Plan, each convertible into one share of common stock, vesting in three annual installments from the grant date, subject to continued service and potential accelerated vesting in certain circumstances.
He also acquired 1,704 shares tied to 2023 performance-based RSUs, which vested based on return on equity and relative total shareholder return goals measured from January 1, 2023 to December 31, 2025, along with continued service through December 31, 2025. To cover taxes on these vestings, 605 shares were withheld at a price of $53.79 per share as a tax-withholding disposition.
After these transactions, Walters directly held 30,343 shares of common stock, consisting of 16,220 shares and 14,123 RSU-based shares that will vest according to their terms, and there are an additional 100 shares indirectly held and reported as owned by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,950 | $0.00 | -- |
| Grant/Award | Common Stock | 1,704 | $0.00 | -- |
| Tax Withholding | Common Stock | 605 | $53.79 | $33K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents 5,950 shares of the issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs") granted to the reporting person under the issuer's Long-Term Incentive Plan. Each RSU entitles the reporting person to receive one share of Common Stock upon vesting of the RSU. The RSUs will vest in three annual successive installments upon the completion of the reporting person's each year of service with the issuer for the three-year period measured from the date of grant, subject to accelerated vesting under certain prescribed circumstances. Represents (i) 1,395 shares of Issuer's Common Stock subject to the 2023 RSUs that vested upon the attainment of a certain performance goal based on average return on equity ("ROE") measured over a period from January 1, 2023 to December 31, 2025 and continued service by the reporting person through December 31, 2025 and (ii) 309 shares of Common Stock subject to the 2023 RSUs that vested upon the attainment of a certain performance goal based on relative total shareholder return ("TSR") measured over a period from January 1, 2023 to December 31, 2025 and continued service by the reporting person through December 31, 2025. Represents (i) 507 shares of Common Stock withheld in satisfaction of the applicable withholding taxes on shares of Common Stock that became issuable pursuant to the vesting of the 2023 ROE RSUs reported on this Form 4 and (ii) 98 shares of Common Stock withheld in satisfaction of the applicable withholding taxes on shares of Common Stock that became issuable pursuant to the vesting of the 2023 TSR RSUs reported on this Form 4. Represents 16,220 shares of Common Stock and 14,123 shares of the Common Stock underlying RSUs which will vest and become issuable in accordance with their terms.
