SPRU Director Jack L. Howard Receives 105,140 RSU Award

What Happened Jack L. Howard, a director of Spruce Power Holding Corp. (SPRU), was granted 105,140 restricted stock units (RSUs) on September 2, 2026. The award is reported at $2.14 per share, for a total grant value of $225,000. This is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-02; Form filed: 2026-09-04.
• Grant: 105,140 RSUs at $2.14 per RSU; total reported value $225,000.
• Vesting: RSUs vest in three equal installments — one-third on each of Sept 2, 2027, Sept 2, 2028 and Sept 2, 2029 — subject to continued service (footnote F2).
• Ownership after transaction: Not specified in the provided filing excerpt.
• Other note: Reporting person is a member of a Section 13(d) group owning >10% of the issuer; he disclaims beneficial ownership of securities held directly by other group members except for his pecuniary interest (footnote F1).
• Timeliness: Filed two days after the grant date (appears timely under typical Form 4 rules).

Context RSUs are a form of compensation that represent a contingent right to receive shares if vesting conditions are met; they are not an immediate cash purchase and do not on their own indicate the insider is buying additional stock. The grant provides potential future shares if Howard remains in service through each vesting date. The Section 13(d) group disclosure (F1) indicates Howard is affiliated with a group holding more than 10% of Spruce Power, but he disclaims beneficial ownership of other members' holdings except to the extent of any pecuniary interest.