Uranium Energy (NYSE American: UEC) CEO reports RSU vesting and tax withholding
Rhea-AI Filing Summary
Uranium Energy Corp’s President and CEO Amir Adnani reported equity award vesting activity on July 31, 2024. He settled 573,047 performance-based and time-based restricted stock units into an equal number of common shares. To satisfy tax withholding obligations, 306,582 common shares were withheld at per-share prices between $5.56 and $5.93, as described in the tax-withholding footnotes. A performance-based award covering 421,795 underlying shares remains outstanding and is scheduled to vest on July 31, 2026. In addition, Adnani has indirect ownership of 980,341 common shares held through Amir Adnani Corp., reflecting contributed shares without a change in his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 266,465 shares
Net Buy
14 txns
Insider
Adnani Amir
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units F1, F4 | 313,954 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6 | 78,489 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6 | 48,040 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6 | 132,564 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 313,954 | -- | -- |
| Tax Withholding | Common Stock F7 | 167,966 | $5.86 | $984K |
| Exercise | Common Stock F2 | 78,489 | -- | -- |
| Tax Withholding | Common Stock F8 | 41,992 | $5.86 | $246K |
| Exercise | Common Stock F2 | 48,040 | -- | -- |
| Tax Withholding | Common Stock F8 | 25,702 | $5.56 | $143K |
| Exercise | Common Stock F2 | 132,564 | -- | -- |
| Tax Withholding | Common Stock F8 | 70,922 | $5.93 | $421K |
| holding | Performance Based Restricted Stock Units F3, F5 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Performance Based Restricted Stock Units — 1,125,627 shares (Direct);
Restricted Stock Units — 709,890 shares (Direct);
Common Stock — 4,182,326 shares (Direct);
Common Stock — 980,341 shares (Indirect, By Amir Adnani Corp.)
Footnotes (9)
- F1. Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of common stock. This transaction represents the settlement of Performance Based Restricted Stock Units in shares of common stock on their scheduled vesting date.
- F2. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- F3. Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of common stock.
- F4. This award has vested on the third anniversary of the grant date.
- F5. This award vests on July 31, 2026.
- F6. This award has vested as to one-third of the Restricted Stock Units on the first, second and third anniversary of the grant date.
- F7. Represents shares of common stock withheld to satisfy tax withholding requirements upon vesting of Performance Based Restricted Stock Units.
- F8. Represents shares of common stock withheld to satisfy tax withholding requirements upon vesting of Restricted Stock Units.
- F9. Reflects shares of common stock that were contributed by the reporting person but did not involve any change in the reporting person's pecuniary interest in the shares of common stock and which therefore were exempt from the reporting requirements of Section 16(a) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13.
Key Figures
Units settled: 573,047 units
Shares withheld for taxes: 306,582 shares
Remaining performance units: 421,795 units
+4 more
7 metrics
Units settled
573,047 units
Restricted and performance-based stock units settled into common shares on July 31, 2024
Shares withheld for taxes
306,582 shares
Common shares withheld to satisfy tax withholding requirements on vesting
Remaining performance units
421,795 units
Performance Based Restricted Stock Units outstanding, vesting July 31, 2026
Indirect common shares
980,341 shares
Indirectly held through Amir Adnani Corp. after contribution with no pecuniary change
Tax withholding price
$5.86 per share
Per-share price on one tranche of common stock withheld for taxes
Tax withholding price
$5.56 per share
Per-share price on another tranche of common stock withheld for taxes
Tax withholding price
$5.93 per share
Per-share price on additional common stock withheld for taxes
Key Terms
Performance Based Restricted Stock Units, Restricted Stock Units, tax withholding requirements, pecuniary interest, +1 more
5 terms
Performance Based Restricted Stock Units financial
"Each Performance Based Restricted Stock Unit represents a contingent right to receive one share"
Performance-based restricted stock units are a form of employee pay where shares are promised but only delivered if the company meets specific performance targets over time. Like a trophy awarded to a team after hitting certain goals, they align employee incentives with business results and can affect future share counts and earnings—so investors watch them for signals about management’s motivation, potential dilution, and the likelihood of meeting growth or profit targets.
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding requirements financial
"Represents shares of common stock withheld to satisfy tax withholding requirements upon vesting"
pecuniary interest financial
"did not involve any change in the reporting person's pecuniary interest in the shares"
Rule 16a-13 regulatory
"exempt from the reporting requirements of Section 16(a)... pursuant to Rule 16a-13"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transactions did UEC CEO Amir Adnani report on July 31, 2024?
On July 31, 2024, CEO Amir Adnani settled 573,047 restricted and performance-based stock units into common shares. As part of this vesting, 306,582 shares were withheld to satisfy associated tax withholding obligations.
What restricted stock units does UEC’s CEO still hold after the July 31, 2024 vesting?
After the reported vesting, Amir Adnani continues to hold performance-based restricted stock units covering 421,795 underlying shares of common stock. A related footnote states this award is scheduled to vest on July 31, 2026.