KISH DENNIS G 4
Research Summary
AI-generated summary
EVgo President Dennis Kish Receives RSUs; 176,775 Shares Vest
What Happened
Dennis G. Kish, President of EVgo Inc. (EVGO), had RSUs vest on February 1, 2026. A total of 176,775 RSUs converted into common shares. To cover tax withholding, 92,473 shares were surrendered at an effective price of $3.01 per share (total value withheld ≈ $278,344), leaving Kish with a net 84,302 newly issued shares. The filings show the RSU conversions as derivative exercises (code M) and the tax withholding as share surrender/disposition (code F).
Key Details
- Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (timely within the two-business-day Form 4 window).
- Shares converted (acquired): 176,775 (52,084 + 124,691).
- Shares withheld for taxes (disposed): 92,473 (26,501 + 65,972) at $3.01 per share; total value withheld ≈ $278,344.
- Net shares received by Kish: 84,302 (176,775 − 92,473).
- Footnotes: These were restricted stock units (RSUs) awarded under the 2021 Long Term Incentive Plan that vested on Feb 1, 2026; the $3.01 settlement price used to calculate withholding was the Jan 30, 2026 closing price. Vesting schedules referenced in the filing describe multi-year installment vesting for the grants.
- The filing does not state Kish’s total share ownership after this transaction.
Context
This was not an open-market purchase or sale but the vesting and settlement of RSUs. The transaction is routine compensation-related activity: RSUs converted to shares and a portion withheld to satisfy tax obligations (a common "cashless" withholding method). Such vesting events reflect compensation recognition rather than a direct bullish or bearish market signal.