Tigo Energy director receives stock and RSU awards
Tigo Energy, Inc. director Michael R. Splinter reported equity-based compensation rather than open-market trading.
Rhea-AI Filing Summary
Tigo Energy, Inc. director Michael R. Splinter reported equity-based compensation rather than open-market trading. On May 20, 2026, he received 33,068 shares of common stock issued in lieu of cash fees for his Board service and 9,920 shares of common stock underlying restricted stock units (RSUs) granted under the 2023 Incentive Plan.
After these awards, he directly holds 547,601 shares of common stock and 514,533 shares of common stock underlying RSUs. He also has indirect holdings through several family trusts, where he serves as trustee and exercises investing authority, including blocks of 35,000 shares and 1,123,656 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 42,988 shares
Grant/Award
7 txns
Insider
SPLINTER MICHAEL R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,920 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 33,068 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 547,601 shares (Direct);
Common Stock — 1,263,656 shares (Indirect, See footnote)
Footnotes (7)
- F1. Represents shares of common stock, par value $0.0001 per share ("Common Stock"), issued in lieu of cash compensation in connection with the reporting person's service on the Issuer's Board of Directors for the period ending May 20, 2026, pursuant to the Issuer's Independent Director Compensation Policy
- F2. Represents shares of Common Stock underlying restricted stock units ("RSUs") granted to the reporting person on May 20, 2026 pursuant to the Issuer's 2023 Incentive Plan. The RSUs will vest in full, and an equal number of shares of Common Stock will be deliverable to the reporting person, immediately prior to the Issuer's 2027 Annual Meeting of Stockholders, subject to continued service through such vesting date.
- F3. The shares reported are owned by the SPLINTER ROBOOSTOFF REV TRUST UAD 1/23/97, for which the reporting person serves as Trustee and exercises investing authority over such shares.
- F4. The shares reported are owned by the AMANDA CHRISTINE SPLINTER 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
- F5. The shares reported are owned by the ARCHIE DAVID ROBOOSTOFF 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
- F6. The shares reported are owned by the JOSHUA MICHAEL SPLINTER 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
- F7. The shares reported are owned by the KRISTA DIANE FENSKE 2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority over such shares.
Key Figures
Stock in lieu of cash fees: 33,068 shares
RSU grant size: 9,920 shares
Direct common shares after award: 547,601 shares
+3 more
6 metrics
Stock in lieu of cash fees
33,068 shares
Common stock issued for Board service period ending May 20, 2026
RSU grant size
9,920 shares
Common stock underlying RSUs granted May 20, 2026
Direct common shares after award
547,601 shares
Total direct common stock holdings following equity compensation
Shares underlying RSUs after grant
514,533 shares
Total common shares underlying RSUs after May 20, 2026 grant
Indirect trust holding (large block)
1,123,656 shares
Common stock held indirectly through a family trust where Splinter is trustee
Indirect trust holding (smaller block)
35,000 shares
Common stock held indirectly in each of several family trusts
Key Terms
Independent Director Compensation Policy, restricted stock units ("RSUs"), 2023 Incentive Plan, Annual Meeting of Stockholders, +1 more
5 terms
Independent Director Compensation Policy financial
"issued in lieu of cash compensation in connection with the reporting person's service on the Issuer's Board of Directors ... pursuant to the Issuer's Independent Director Compensation Policy"
restricted stock units ("RSUs") financial
"Represents shares of Common Stock underlying restricted stock units ("RSUs") granted to the reporting person on May 20, 2026"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2023 Incentive Plan financial
"RSUs granted to the reporting person on May 20, 2026 pursuant to the Issuer's 2023 Incentive Plan."
Annual Meeting of Stockholders financial
"will vest in full ... immediately prior to the Issuer's 2027 Annual Meeting of Stockholders, subject to continued service"
irrevocable trust financial
"2012 IRREVOCABLE TRUST DTD 08/10/2012, for which the reporting person serves as Trustee and exercises investing authority"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What insider transactions did Tigo Energy (TYGO) report for Michael R. Splinter?
Tigo Energy reported that director Michael R. Splinter received equity compensation, not market trades. He was granted 33,068 shares of common stock in lieu of cash board fees and 9,920 shares underlying RSUs, both dated May 20, 2026, as part of his director compensation.
What are the terms of Michael Splinter’s RSU grant at Tigo Energy (TYGO)?
Splinter was granted RSUs covering 9,920 shares of Tigo Energy common stock on May 20, 2026. These RSUs vest in full immediately prior to the company’s 2027 Annual Meeting of Stockholders, and an equal number of shares will be delivered if he continues serving through that vesting date.
How are Michael Splinter’s indirect Tigo Energy (TYGO) holdings structured?
His indirect Tigo Energy holdings are owned by several family trusts, where he serves as trustee. These trusts include the SPLINTER ROBOOSTOFF REV TRUST and multiple 2012 irrevocable trusts, collectively holding blocks such as 35,000-share positions and a 1,123,656-share position over which he exercises investing authority.
AI-generated analysis. How Rhea-AI works. Not financial advice.
