Sunrun (RUN) CFO reports stock sale, gifts and PRSU share awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunrun Inc. CFO Danny Abajian reported multiple equity transactions in Sunrun common stock. On March 2, 2026, he sold 4,193 shares in an open-market transaction at a weighted average price of $12.3305 per share, with a footnote stating the sale was to cover tax obligations from vested restricted stock units.
That same day he made bona fide gifts totaling 6,681 shares held directly and 6,681 shares held indirectly through the Abajian Family Trust, where he is co‑trustee. On February 27, 2026, performance-based restricted stock units granted in 2022, 2023, and 2024 were certified as attained, resulting in awards of 10,874, 23,994, and 150,909 shares of common stock. Following these transactions, his reported holdings include 563,016 restricted stock units that remain subject to forfeiture until they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,193 shares ($51,702)
Net Sell
6 txns
Insider
Abajian Danny
Role
Chief Financial Officer
Sold
4,193 shs ($52K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,193 | $12.3305 | $52K |
| Gift | Common Stock | 6,681 | $0.00 | -- |
| Gift | Common Stock | 6,681 | $0.00 | -- |
| Grant/Award | Common Stock | 10,874 | $0.00 | -- |
| Grant/Award | Common Stock | 23,994 | $0.00 | -- |
| Grant/Award | Common Stock | 150,909 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 576,244 shares (Direct);
Common Stock — 229,036 shares (Indirect, See Footnote)
Footnotes (1)
- On June 10, 2022, the Reporting Person was granted performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The PRSUs vest on the date that the Compensation Committee of the Issuer's Board of Directors certifies attainment, based on the Issuer's satisfaction of certain performance criteria. The performance criteria for the measurement period ending December 31, 2025 were met and certified on February 27, 2026, resulting in the issuance of 10,874 shares of the Issuer's Common Stock. On April 10, 2023, the Reporting Person was granted PRSUs. Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The Compensation Committee of the Issuer's Board of Directors certifies attainment based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met and 23,994 PRSUs were certified as attained on February 27, 2026. 100% of the PRSUs shall vest and become shares of the Issuer's Common Stock on April 6, 2026 , subject to the Reporting Person's continued service through the vesting date. On May 29, 2024, the Reporting Person was granted PRSUs. Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The Compensation Committee of the Issuer's Board of Directors certifies attainment based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met and 150,909 PRSUs were certified as attained on February 27, 2026. 100% of the PRSUs shall vest and become shares of the Issuer's Common Stock on April 6, 2026, subject to the Reporting Person's continued service through the vesting date. Shares sold to cover tax obligation from settlement of vested restricted stock units. Price represents the weighted average sale price of the shares sold. The sale price ranged from $12.13 to $12.67 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. Shares held following the reported transactions include 563,016 restricted stock units, which are subject to forfeiture until they vest. Securities held of record by Abajian Family Trust, of which the Reporting Person is co-trustee.
FAQ
What insider transactions did Sunrun (RUN) CFO Danny Abajian report?
Danny Abajian reported an open-market sale of 4,193 Sunrun common shares, several performance-based stock awards totaling 185,777 shares, and bona fide gifts of 6,681 directly held shares plus 6,681 shares held through the Abajian Family Trust.
What stock awards did the Sunrun (RUN) CFO receive in this Form 4?
Performance-based restricted stock units granted in 2022, 2023, and 2024 were certified, resulting in 10,874, 23,994, and 150,909 Sunrun common shares. These issuances followed the Compensation Committee’s confirmation that specified performance criteria were met for the applicable measurement periods.
Were any of the Sunrun (RUN) CFO’s transactions structured as gifts?
Yes. The filing reports bona fide gifts of 6,681 directly held Sunrun shares and 6,681 shares held indirectly. The indirect shares are recorded in the Abajian Family Trust, for which Danny Abajian serves as co‑trustee according to a footnote.
What future vesting conditions affect the Sunrun (RUN) CFO’s reported holdings?
His reported holdings include 563,016 restricted stock units subject to forfeiture until they vest. Additionally, certain PRSUs certified as attained on February 27, 2026 are scheduled to vest and become shares on April 6, 2026, subject to continued service.
How were the performance-based RSUs for Sunrun (RUN) CFO determined?
The PRSUs vest based on Sunrun’s satisfaction of performance criteria certified by the Board’s Compensation Committee. For measurement periods ending December 31, 2025 and others, the committee confirmed attainment on February 27, 2026, triggering issuance or scheduled vesting of the related common shares.