HANRAHAN PAUL T 4

What Happened

• Paul T. Hanrahan, a director of Excelerate Energy, received an award of 3,639 restricted stock units (RSUs) on 2026-03-05. The acquisition is reported as code "A" (award/grant) at $0.00 per RSU; the filing shows a $0 acquisition price (intrinsic/market value not reported).
• This was a grant (not a purchase or sale). RSUs typically align compensation with company performance and do not represent immediately tradeable shares until vested.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely under Form 4 rules).
• Price reported: $0.00 per RSU (award/grant).
• Shares awarded: 3,639 RSUs (each RSU represents the right to one share of Class A common stock).
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnote: RSUs vest in full on the first anniversary of the grant date (per filing).
• Transaction code: A = Award/Grant of equity.

Context

• These RSUs are a grant that converts to shares only after vesting (here, one year). There was no immediate sale or cashless exercise reported; therefore this transaction does not indicate any immediate selling pressure or purchase conviction.
• Grants to directors are common as part of compensation packages; they should be interpreted as compensation, not a direct open-market investment.