Spruce Power director granted new RSU awards
Kravetz Shawn W reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Kravetz Shawn W reported acquisition or exercise transactions in this Form 4 filing.
Spruce Power Holding Corp director Shawn W. Kravetz reported equity awards in the form of restricted stock units (RSUs). He was granted 112,500 RSUs that vest in three equal installments on June 24, 2026, June 24, 2027, and June 24, 2028, subject to continued service.
A separate award of 75,000 RSUs will vest in full on June 24, 2026, also conditioned on his continued service. Following these awards, filings show direct holdings of common stock and an additional 311,382 shares reported as indirectly held through Esplanade Capital LLC and its affiliates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 187,500 shares
Grant/Award
3 txns
Insider
Kravetz Shawn W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 75,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 112,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 195,500 shares (Direct);
Common Stock — 311,382 shares (Indirect, By: Esplanade Capital LLC and its affiliates)
Footnotes (2)
- F1. The securities awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting date, one-third of the RSUs vest on each of June 24, 2026, June 24, 2027 and June 24, 2028
- F2. The securities awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting date, the RSUs will vest on June 24, 2026.
Key Figures
RSU grant size: 112,500 units
RSU grant size: 75,000 units
Grant price: $0.0000 per share
+3 more
6 metrics
RSU grant size
112,500 units
RSUs vest one-third each on June 24, 2026, 2027, 2028
RSU grant size
75,000 units
RSUs vest in full on June 24, 2026
Grant price
$0.0000 per share
RSU awards reported as equity compensation, not purchases
Indirect holdings
311,382 shares
Common stock held indirectly via Esplanade Capital LLC & affiliates
Direct holdings after award
195,500 shares
Common stock total shown following one RSU-related entry
Additional direct holdings
83,000 shares
Common stock total shown following another RSU-related entry
Key Terms
restricted stock units (RSUs), contingent right, continued service, indirect ownership
4 terms
restricted stock units (RSUs) financial
"The securities awarded are in the form of restricted stock units (RSUs)"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"each represent a contingent right to receive one share of the issuer's common stock"
continued service financial
"Subject to the reporting person's continued service through the vesting date"
indirect ownership financial
"By: Esplanade Capital LLC and its affiliates"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Shawn W. Kravetz report in his Form 4 for SPRU?
Shawn W. Kravetz reported receiving equity awards in the form of restricted stock units (RSUs) tied to Spruce Power Holding Corp common stock. These RSUs vest over time, subject to his continued service with the company, rather than being immediate cash or open-market share purchases.
How many RSUs did Spruce Power (SPRU) grant to director Shawn Kravetz?
Spruce Power granted Shawn Kravetz two RSU awards: 112,500 units in one grant and 75,000 units in another. Each RSU represents a contingent right to receive one share of common stock if vesting conditions, primarily continued service, are satisfied over the specified schedule.
What is the vesting schedule for Shawn Kravetz’s 112,500 RSUs at SPRU?
The 112,500 RSUs vest in three equal installments: one-third on June 24, 2026, one-third on June 24, 2027, and one-third on June 24, 2028. Vesting requires that Shawn Kravetz continue serving the company through each respective vesting date.
When do the additional 75,000 RSUs awarded to Shawn Kravetz vest?
The separate 75,000 RSU award to Shawn Kravetz will vest in full on June 24, 2026. This vesting is contingent on his continued service with Spruce Power through that vesting date, after which each RSU converts into one share of common stock.
What indirect holdings in Spruce Power does Shawn Kravetz report?
The filing shows 311,382 shares of Spruce Power common stock reported as indirectly owned by Shawn Kravetz through Esplanade Capital LLC and its affiliates. This entry reflects indirect beneficial ownership separate from his directly held equity awards and common stock positions disclosed in the same filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
