Simpson Oliver 4

What Happened

• Simpson Oliver, Executive Vice President & Chief Commercial Officer of Excelerate Energy (EE), received 1,672 performance-based shares (PSUs) that vested on Feb 18, 2026. The filing shows the award recorded as acquisition (A) at $0.00 per share.
• To satisfy tax withholding, 714 of those shares were surrendered (code F) at $41.78 per share for proceeds of $29,831. Net shares retained after withholding: 958 (approx. $40,025 based on $41.78/share).

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (filed within the usual 2-business-day window).
• Award: 1,672 PSUs vested (reported as acquired at $0.00).
• Withholding: 714 shares disposed to cover tax liability at $41.78 each for $29,831 (code F).
• Net shares retained: 958 (noted above). Shares owned after the transaction are not disclosed in the excerpt provided.
• Footnotes:
  • F1: PSUs were granted Mar 31, 2023 under the LTIP and vested based on performance measured Jan 1, 2023–Dec 31, 2025; the compensation committee certified achievement on Feb 18, 2026 (132% of adjusted ROE target; 96.80% of relative TSR target).
  • F2: The 714 shares were withheld to satisfy the reporting person’s tax withholding obligation.
• No late-filing indication in the provided filing.

Context

• These were performance stock units that converted to shares upon certification of performance — not an open-market purchase or an options exercise. The withholding of shares to cover taxes is a routine administrative disposition and does not necessarily indicate a change in the insider’s view of the company.