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Atlas Energy Solutions Inc.·4

Mar 6, 5:04 PM ET

BRIGHAM BEN M 4

Research Summary

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Updated

Atlas Energy (AESI) 10% Owner Ben Brigham Receives Award

What Happened

  • Ben M. Brigham, a disclosed 10% owner of Atlas Energy Solutions Inc. (AESI), received 277,778 shares on March 4, 2026 as the settlement of performance share units (PSUs). The shares were reported as an award/acquisition (Form 4 code A) at $0.00 per share, total reported value $0.
  • These PSUs were originally granted on March 13, 2023 and vested based on certified performance (absolute and relative shareholder return and Return on Capital Employed) over a three-year period, with settlement authorized by the company’s Compensation Committee.

Key Details

  • Transaction date: 2026-03-04; Report filed: 2026-03-06 (filed within the Form 4 reporting window).
  • Transaction type: Award/vesting of PSUs (code A); price reported: $0.00; shares acquired: 277,778.
  • Shares owned after transaction: total beneficial ownership figure was not specified on the form. Footnotes list related holdings that are included in his beneficial ownership disclosures:
    • Anne and Bud Oil & Gas Vested, LLC: 10,526,880 shares (he is manager; disclaims direct beneficial ownership except to extent of pecuniary interest)
    • Brigham Children's Family LP: 1,564,346 shares (co-manager role disclosed)
    • Anne and Bud Oil & Gas Unvested, LLC: 2,518,721 shares
    • Spouse’s separate holdings: 54,388 shares (he disclaims ownership)
  • Notable footnote: F1 explains the award were PSUs tied to three-year performance goals and were authorized for settlement upon certified performance.
  • No sale, cash purchase, tax-withholding or cashless exercise was reported with this transaction.

Context

  • This was a performance-based award vesting and settlement, not an open-market buy or sale. Awards vesting reflect prior compensation grants maturing under performance conditions and do not by themselves indicate a purchase decision by the insider.
  • Mr. Brigham is disclosed as a member of the 10% owner group and manages related entities that hold large blocks of AESI shares; he disclaims direct beneficial ownership of some entity holdings except for any pecuniary interest.