STEM executive exercises PSUs, sells for taxes
STEM, INC. executive Michael James Carlson reported performance-based equity vesting and a related tax sale.
Rhea-AI Filing Summary
STEM, INC. executive Michael James Carlson reported performance-based equity vesting and a related tax sale. On June 30, 2026, he exercised 7,750 performance stock units into an equal number of common shares after the company achieved a specified stock price performance metric. On July 2, 2026, 1,347 shares were automatically sold at $7.85 per share to cover his tax liability; the footnote states this did not represent a discretionary trade. Following these transactions, he directly owned 25,861 shares of common stock. Earlier grants in 2025 had created the PSUs of which 7,750 vested on June 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Carlson Michael James
Role
President, Managed Services
Sold
1,347 shs ($11K)
Approx. gross sale proceeds
$11K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, Par Value $0.0001 Per Share | 1,347 | $7.85 | $11K |
| Exercise | Performance Stock Unit | 2,750 | $0.00 | $0.00 |
| Exercise | Performance Stock Unit | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock, Par Value $0.0001 Per Share | 5,000 | $7.81 | $39K |
| Exercise | Common Stock, Par Value $0.0001 Per Share | 2,750 | $7.81 | $21K |
Holdings After Transaction:
Performance Stock Unit — 7,750 contracts (Direct);
Common Stock, Par Value $0.0001 Per Share — 25,861 shares (Direct)
Footnotes (4)
- F1. Represents shares of common stock automatically sold to cover the reporting person's tax liability in connection with the settlement of PSUs on June 30, 2026. This "sell to cover" transaction does not represent a discretionary trade by the reporting person.
- F2. Each performance stock unit ("PSU") represented a contingent right to receive one share of the Issuer's common stock if the volume-weighted average price of the Issuer's common stock for any consecutive sixty (60) trading-day period equaled or exceeded $17.60 (the "Performance Metric") during a performance period ending on June 30, 2028 (the "Performance Period").
- F3. On June 30, 2025, the Reporting Person was granted 5,500 PSUs, 2,750 of which vested on June 30, 2026 following the Issuer's achievement of the Performance Metric during the Performance Period.
- F4. On July 28, 2025, the Reporting Person was granted 10,000 PSUs, 5,000 of which vested on June 30, 2026 following the Issuer's achievement of the Performance Metric.
Key Figures
Shares sold to cover taxes: 1,347 shares
Sell-to-cover price: $7.85 per share
PSUs vested and exercised: 7,750 units/shares
+4 more
7 metrics
Shares sold to cover taxes
1,347 shares
Automatic sale on July 2, 2026 at $7.85/share
Sell-to-cover price
$7.85 per share
Price for 1,347 common shares sold July 2, 2026
PSUs vested and exercised
7,750 units/shares
Performance stock units converted to common stock on June 30, 2026
Shares owned after transactions
25,861 shares
Direct ownership following reported transactions
Performance Metric price
$17.60 per share
Required volume-weighted average price for PSU vesting
First PSU grant
5,500 PSUs
Granted June 30, 2025; 2,750 vested June 30, 2026
Second PSU grant
10,000 PSUs
Granted July 28, 2025; 5,000 vested June 30, 2026
Key Terms
Performance Stock Unit, sell to cover, volume-weighted average price, Performance Metric, +1 more
5 terms
Performance Stock Unit financial
"Each performance stock unit ("PSU") represented a contingent right to receive one share..."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
sell to cover financial
"Represents shares of common stock automatically sold to cover the reporting person's tax liability..."
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
volume-weighted average price financial
"if the volume-weighted average price of the Issuer's common stock for any consecutive sixty..."
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Performance Metric financial
"equale d or exceeded $17.60 (the "Performance Metric") during a performance period..."
Performance Period financial
"during a performance period ending on June 30, 2028 (the "Performance Period")."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did STEM (STEM) report for Michael James Carlson?
Michael James Carlson reported exercising 7,750 performance stock units into common shares on June 30, 2026, and an automatic sale of 1,347 shares on July 2, 2026 to cover tax obligations related to the PSU settlement.
What price was received in the STEM (STEM) sell-to-cover stock sale?
The 1,347 STEM shares sold to cover taxes were transacted at $7.85 per share. The filing describes this as an automatic “sell to cover” tied to tax obligations from the June 30, 2026 PSU settlement, not a discretionary market trade.
What performance conditions were attached to STEM (STEM) performance stock units?
Each performance stock unit entitled the holder to one share if STEM’s volume-weighted average share price met or exceeded $17.60 over any consecutive 60 trading days within a performance period ending June 30, 2028, as described as the Performance Metric in the filing.
When were the STEM (STEM) performance stock units granted and how many vested?
Carlson received 5,500 PSUs on June 30, 2025, with 2,750 vesting on June 30, 2026, and 10,000 PSUs on July 28, 2025, with 5,000 vesting on June 30, 2026. In total, 7,750 PSUs vested and converted to common shares on that date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
