4//SEC Filing
Griffiths Glen 4
Accession 0000899243-23-005542
CIK 0001664703other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 7:14 PM ET
Size
16.8 KB
Accession
0000899243-23-005542
Insider Transaction Report
Form 4
Griffiths Glen
EVP, Services
Transactions
- Exercise/Conversion
Class A Common Stock
2023-02-15+1,935→ 356,454 total - Exercise/Conversion
Class A Common Stock
2023-02-15+14,700→ 371,154 total - Award
Class A Common Stock
2023-02-15+34,588→ 405,742 total - Sale
Class A Common Stock
2023-02-16$23.61/sh−5,955$140,598→ 399,787 total - Exercise/Conversion
Restricted Stock Units
2023-02-15−1,935→ 0 total→ Class A Common Stock (1,935 underlying) - Exercise/Conversion
Performance Stock Units
2023-02-15−14,700→ 0 total→ Class A Common Stock (14,700 underlying)
Footnotes (8)
- [F1]Includes 1,255 shares that were acquired under the Bloom Energy Corporation Employee Stock Purchase Plan.
- [F2]On January 14, 2022, the Reporting Person was granted a performance stock unit ("PSU") award for a target number of 32,940 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period related to the services business. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 15, 2023, which resulted in a payout of 1.05 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2023, another third on February 15, 2024 and the remaining third on February 15, 2025, subject to Reporting Person remaining a service provider on each applicable vesting date. Vested shares will be delivered to the Reporting Person beginning on or about January 1, 2026 pursuant to the terms of the Bloom Energy Corporation 2021 Deferred Compensation Plan.
- [F3]Sale of shares to cover tax withholding obligation incurred upon settlement of restricted stock units ("RSUs") effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F4]The price reported represents the weighted average sale price per share. The shares were sold in multiple transactions at prices ranging from $23.50 to $23.76. Upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- [F5]Each RSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
- [F6]The RSUs vest as to 25% of the shares on the one-year anniversary of February 15, 2019 and the remaining shares shall vest in equal quarterly increments from such one-year anniversary over the next three years, subject to the Reporting Person's continued service with the Issuer through each vesting date.
- [F7]Each PSU represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
- [F8]On June 12, 2020, the Reporting Person was granted a PSU award for a target number of 30,000 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 11, 2021, which resulted in a payout of 1.47 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2021, another third on February 15, 2022 and the remaining third on February 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date.
Documents
Issuer
Bloom Energy Corp
CIK 0001664703
Entity typeother
Related Parties
1- filerCIK 0001863060
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 7:14 PM ET
- Size
- 16.8 KB