TERAWULF (WULF) CFO logs 327,054 PSU vesting and tax-share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TERAWULF INC. Chief Financial Officer Patrick Fleury reported compensation-related stock transactions involving performance-based restricted stock units. On May 6, 2026, he exercised 327,054 performance stock units, receiving the same number of shares of common stock as they vested upon achievement of specified performance goals tied to dates up to the third anniversary of January 2, 2026.
In connection with this vesting and his election of net settlement, 128,695 shares of common stock were disposed of back to the issuer to cover tax withholding obligations. Following these transactions, Fleury directly holds 3,807,160 shares of TERAWULF common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
327,054 shares exercised/converted
Mixed
3 txns
Insider
Fleury Patrick
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Stock Units | 327,054 | $0.00 | -- |
| Exercise | Common stock, $0.001 par value per share | 327,054 | $0.00 | -- |
| Disposition | Common stock, $0.001 par value per share | 128,695 | $0.00 | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 327,054 shares (Direct, null);
Common stock, $0.001 par value per share — 3,935,855 shares (Direct, null)
Footnotes (1)
- The performance stock units vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement of performance stock units, which vested in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date. Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The remaining performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Key Figures
Performance units exercised: 327,054 units
Shares withheld for taxes: 128,695 shares
Shares held after transaction: 3,807,160 shares
+1 more
4 metrics
Performance units exercised
327,054 units
Performance-based restricted stock units exercised into common stock on May 6, 2026
Shares withheld for taxes
128,695 shares
Disposition to issuer to cover tax withholding on vested units
Shares held after transaction
3,807,160 shares
CFO’s direct TERAWULF common stock holdings following reported transactions
Exercise transactions
1 exercise, 327,054 shares
Aggregate derivative exercise activity in this Form 4
Key Terms
performance stock units, net settlement, disposition to issuer, performance goals
4 terms
performance stock units financial
"The performance stock units vested in accordance with their terms upon the achievement of specified performance goals"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
net settlement financial
"The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement"
disposition to issuer financial
"The disposition is due to withholding to cover taxes, as a result of the Reporting Person's election of net settlement"
performance goals financial
"upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026"
Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.
FAQ
What insider transactions did TERAWULF (WULF) CFO Patrick Fleury report?
Patrick Fleury reported vesting-related stock activity. He exercised 327,054 performance-based restricted stock units into common shares, with part of the resulting stock returned to TERAWULF to satisfy tax withholding obligations, all tied to previously established performance goals.
What are performance stock units in the TERAWULF (WULF) CFO’s award?
Each performance stock unit represents a contingent right to receive one TERAWULF common share. Vesting depends on achieving specified performance goals between the grant date and the third anniversary of January 2, 2026, plus the executive’s continued employment or service through those dates.
Do performance-based units remain outstanding for TERAWULF (WULF) CFO Patrick Fleury?
Yes. Footnotes explain that remaining performance stock units will vest only if specified performance goals are achieved between the grant date and the third anniversary of January 2, 2026, and if the CFO continues employment or service through each relevant vesting date.