Ciroli John 4

What Happened

• John Ciroli, Chief Legal Officer of Montauk Renewables, was granted 302,982 Restricted Stock Units (RSUs) on May 20, 2026. The grant is recorded at $0.00 per share (no immediate cash outlay or sale proceeds reported). Each RSU converts to one share of common stock upon settlement.

Key Details

• Transaction type: Award/Grant (Form 4 code: A)
• Transaction date: 2026-05-20; Filing date: 2026-05-22 (timely filing)
• Shares granted: 302,982 RSUs; reported acquisition price: $0.00
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes: RSUs vest ratably on the third, fourth and fifth anniversaries of the grant date; each RSU is settled solely for one share of common stock (footnotes F1–F2)
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in this filing

Context

• RSUs are a form of compensation that convert to actual shares only after vesting; because these units vest over years 3–5, they do not represent immediately tradable shares. Awards like this are common for executive compensation and do not, by themselves, indicate buying or selling sentiment.