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Atlas Energy Solutions Inc.·4

Mar 6, 5:22 PM ET

Turner John Gregory 4

Research Summary

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Atlas Energy (AESI) 10% Owner John Turner Receives Awards, Withholds 11,178 Shares

What Happened

  • John Gregory Turner, a member of a 10% owner group of Atlas Energy Solutions Inc. (AESI), was awarded equity and had shares withheld to satisfy tax withholding. On March 4, 2026 Turner was granted 201,816 restricted stock units (RSUs) and 45,833 performance share units (PSUs) (awarded at $0.00). The PSUs vested on March 4, 2026 and, to cover tax obligations, 11,178 shares were withheld/ disposed on March 6, 2026 at $9.91 per share, totaling $110,774. The RSUs vest in three equal annual installments on March 4 of 2027, 2028 and 2029, subject to continued employment.

Key Details

  • Transaction dates and prices:
    • 2026-03-04: Award/Acquisition — 201,816 RSUs @ $0.00 (acquired)
    • 2026-03-04: Award/Acquisition — 45,833 PSUs @ $0.00 (acquired; PSUs vested)
    • 2026-03-06: Tax withholding (disposition) — 11,178 shares @ $9.91; value $110,774
  • Shares reported/ownership note: Filing references 1,327,980 shares held directly by 3 Dog Interests, LP (Mr. Turner is sole manager of the GP for that LP). The filing identifies Turner as part of a 10% owner group; the filing does not list a consolidated total beneficial ownership beyond that related-entity disclosure.
  • Footnotes: RSUs vest over three years (F1). PSUs vested based on certified performance over a three‑year period and were settled (F2). The 11,178-share disposal reflects withholding to satisfy tax obligations upon PSU vesting (F3). Mr. Turner is connected to 3 Dog Interests, LP (F4).
  • Timeliness: Transactions occurred March 4–6, 2026; the Form 4 was filed March 6, 2026 (no late filing indicated).

Context

  • This was mainly an award/vesting event (not an open‑market buy or a discretionary sale). The 11,178‑share removal was a routine tax withholding upon PSU settlement (common when awards vest) rather than an active market sale for investment purposes. As a reported 10% owner via a related entity, Turner’s holdings reflect institutional/ownership structure as disclosed, not necessarily routine insider trading by an executive.