Sunrun (RUN) legal chief sells 901 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunrun Inc. Chief Legal & People Officer Jeanna Steele reported an open-market sale of 901 shares of common stock at a weighted average price of $11.9689 per share. According to the disclosure, the shares were sold to cover tax obligations arising from the settlement of vested restricted stock units.
Following this tax-related sale, Steele beneficially holds 461,290 shares of Sunrun common stock, including 332,724 restricted stock units that remain subject to forfeiture until they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 901 shares ($10,784)
Net Sell
1 txn
Insider
STEELE JEANNA
Role
Chief Legal & People Officer
Sold
901 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 901 | $11.9689 | $11K |
Holdings After Transaction:
Common Stock — 461,290 shares (Direct)
Footnotes (1)
- 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 $11.955 to $11.98 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 transaction include 332,724 restricted stock units, which are subject to forfeiture until they vest.
FAQ
What insider transaction did Sunrun (RUN) report for Jeanna Steele?
Sunrun reported that Chief Legal & People Officer Jeanna Steele sold 901 shares of common stock. The sale was an open-market transaction executed to cover tax obligations from vested restricted stock units, rather than a discretionary reduction in her overall economic exposure.
Were the remaining Sunrun (RUN) holdings of Jeanna Steele fully vested?
No. The filing states that her post-transaction holdings include 332,724 restricted stock units. These units are subject to forfeiture until they vest, so a substantial portion of her reported interest in Sunrun depends on satisfying vesting requirements over time.