Ginn Kirk Edwards 4
4 · Atlas Energy Solutions Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Atlas Energy (AESI) 10% Owner Ginn Kirk Edwards Receives Awards, Sells Shares
What Happened
Ginn Kirk Edwards, a member of a 10% owner group in Atlas Energy Solutions Inc. (AESI), was awarded equity and had a small number of shares withheld to cover taxes. On March 4, 2026 Edwards was awarded 40,363 restricted stock units (RSUs) and 19,028 performance share units (PSUs) (both recorded as acquisitions at $0.00). On March 6, 2026, 5,237 shares were disposed (withheld) at $9.91 per share to satisfy tax withholding obligations, totaling $51,899. The PSU award vested on March 4, 2026 subject to certified performance; the RSUs vest in three equal installments in 2027–2029.
Key Details
- Transaction dates: Awards (A) on 2026-03-04; tax-withholding disposition (F) on 2026-03-06.
- Awards: 40,363 RSUs and 19,028 PSUs acquired at $0.00.
- Disposal: 5,237 shares withheld at $9.91/share for taxes — proceeds/value reported $51,899.
- Vesting/tax notes: PSUs vested based on certified performance (originally granted 3/13/2023). RSUs vest in thirds on 3/4/2027, 3/4/2028, 3/4/2029 (F1–F3). Shares were withheld to satisfy tax withholding (routine).
- Shares owned after transaction: Not specified in the reported excerpt.
- Filing timeliness: Form 4 filed 2026-03-06 for transactions on 2026-03-04 — appears timely (no late filing indicated).
Context
This was primarily an awards/vesting event, not an open-market purchase or an intentional sell for liquidity. The 5,237-share disposition was a routine withholding to cover tax obligations from vesting (a common cashless/withholding settlement), while most awarded RSUs remain subject to future vesting conditions. As a 10% owner group member, Edwards is a significant shareholder; these transactions reflect compensation/settlement mechanics rather than a straightforward buy or sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-04+40,363→ 549,708 total - Award
Common Stock
[F2]2026-03-04+19,028→ 568,736 total - Tax Payment
Common Stock
[F3]2026-03-06$9.91/sh−5,237$51,899→ 563,499 total
Footnotes (3)
- [F1]Award of restricted stock units pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. The award vests in three equal installments on March 4, 2027, March 4, 2028, and March 4, 2029, subject to continued employment through each vesting date.
- [F2]Award of performance share units ("PSUs") pursuant to the Atlas Energy Solutions Inc. Long Term Incentive Plan. The award vested on March 4, 2026, subject to certified performance and authorized settlement by the Compensation Committee of the Issuer with respect to PSUs originally granted on March 13, 2023, which vested based on the Issuer's absolute and relative shareholder return and Return on Capital Employed Performance over a three year period.
- [F3]Reflects shares withheld upon vesting of PSUs to satisfy tax withholding obligations.