Wenger Howard 4

What Happened Wenger Howard, President and Director of Nextpower, had 30,488 restricted stock units (RSUs) vest and convert into common shares on June 18, 2026. Following the conversion, 16,041 of those shares were sold on June 22, 2026 at $128.38 per share for proceeds of $2,059,344. The conversion of RSUs and the subsequent sale were reported on a Form 4 filed June 23, 2026.

Key Details

• Transaction dates: RSU conversion reported 2026-06-18; share sale executed 2026-06-22 and reported 2026-06-23.
• Sale price and value: 16,041 shares sold at $128.38 = $2,059,344.
• RSU conversion: 30,488 RSUs converted one-for-one into common shares (per footnote).
• Estimated retained shares from this conversion: 30,488 converted − 16,041 sold = roughly 14,447 shares retained (based on the reported entries).
• Footnotes: Sale reflects a company “sell-to-cover” for tax withholding under the issuer’s policy (adopted March 2, 2023) and Rule 10b5-1 authority; these sales are mandatory for tax withholding and not discretionary trades by the insider.
• Shares owned after transaction: not expressly stated in the excerpt of the filing.

Context

• This was an RSU vesting and conversion event, not an open-market purchase; the subsequent sale was primarily to satisfy tax withholding obligations (a common, routine action) rather than an investment decision signal.
• The filing lists derivative conversion entries (exercise/conversion code M) to show the RSUs converting into common stock, and a disposition (code J) for the sell-to-cover sale.