Tigo Energy (NASDAQ: TYGO) CFO gains 87,442 shares; 45,642 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tigo Energy, Inc. Chief Financial Officer Bill Roeschlein reported equity compensation activity tied to prior awards. He acquired 87,442 shares of Common Stock at no cost upon vesting of performance stock units granted on September 16, 2024, after the company achieved revenue and adjusted EBITDA goals for the year ended December 31, 2025. To cover tax withholding obligations on this PSU settlement, 45,642 shares were withheld at a price of $4.14 per share. After these transactions, he directly holds 467,429 shares of Common Stock. Footnotes describe additional unvested RSUs from grants in 2023, 2024, and 2025 that continue to vest over three-year schedules, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ROESCHLEIN BILL
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87,442 | $0.00 | -- |
| Tax Withholding | Common Stock | 45,642 | $4.14 | $189K |
Holdings After Transaction:
Common Stock — 513,071 shares (Direct)
Footnotes (1)
- These shares of Common Stock were acquired upon a determination by the Company's Compensation Committee that the performance conditions had been met for the issuance of such shares pursuant to performance stock units ("PSUs") that were granted to the reporting person on September 16, 2024. The PSUs vest over a three-year period, with one-third of the PSUs eligible to vest each calendar year based on the achievement of performance goals for each of the calendar year periods ended December 31, 2025, 2026 and 2027 (each a "Performance Period"), subject to continued service through and including the first calendar day after the end of each such Performance Period. This amount represents the portion of the PSUs that vested following the first Performance Period, based upon the Company's achievement of the revenue and adjusted EBITDA performance goals for the year ended December 31, 2025. Includes 25,362 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date"), 118,517 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), and 192,366 shares of Common Stock underlying RSU's granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date") in each case, pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs initially granted to the reporting person on August 11, 2023 vested and were delivered to the reporting person on August 11, 2024, the first anniversary of the August 2023 Grant Date, and one-third of the RSUs subject to the grant shall vest and be deliverable to the reporting person on each of the second and third anniversaries of the August 2023 Grant Date, subject to continued service through each such vesting date. (Continuation of the Footnote (2)) One-Third (1/3) of the RSUs granted to the reporting person on September 16, 2024 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the September 2024 Grant Date, subject to continued service through each such vesting date. One-Third (1/3) of the RSUs granted to the reporting person on August 1, 2025 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the August 2025 Grant Date, subject to continued service through each such vesting date. Represents shares of Common Stock withheld to cover the tax withholding obligations in connection with the settlement of the PSUs described in Footnote 1.
FAQ
What did Tigo Energy (TYGO) report in Bill Roeschlein’s latest Form 4?
Tigo Energy’s CFO Bill Roeschlein reported equity compensation activity, not an open-market trade. Performance stock units vested into 87,442 common shares, and a portion was withheld to satisfy tax obligations, leaving him with 467,429 directly held shares after the transactions.
What performance conditions triggered the Tigo Energy (TYGO) PSU vesting for the CFO?
The performance stock units vested after Tigo Energy met specified revenue and adjusted EBITDA goals for the year ended December 31, 2025. These PSUs were originally granted on September 16, 2024 and are structured to vest over three calendar-year performance periods, subject to continued service.
What additional RSU awards does the Tigo Energy (TYGO) CFO have outstanding?
Footnotes indicate additional RSUs from grants on August 11, 2023, September 16, 2024, and August 1, 2025. These RSUs vest in equal one-third installments on each of the first three anniversaries of their respective grant dates, conditioned on the CFO’s continued service.