Clark Kyle 4
Research Summary
AI-generated summary
BETA CEO Kyle Clark Receives 156,160 Shares From PSU Vesting
What Happened
- Kyle Clark, Chief Executive Officer and President of BETA Technologies, received 156,160 Class A shares following the vesting of performance-based restricted stock units (PSUs). The filing shows two awards on 2026-04-14: 141,964 shares and 14,196 shares, each acquired at $0.00 (i.e., issuance on vesting).
Key Details
- Transaction date: April 14, 2026; Form 4 filed April 16, 2026 (timely reporting).
- Transaction type: A = Award/Grant (vesting of PSUs); price per share reported $0.00.
- Shares received: 141,964 (Reporting Person’s PSUs) and 14,196 (PSUs awarded to Reporting Person’s spouse) — total 156,160 shares.
- Footnotes: F1 = shares from the reporting person’s performance-based PSUs (awarded Jan 30, 2026) that vested on meeting performance criteria; F2 = shares from PSUs awarded to the spouse that vested; F3 = reporting person disclaims beneficial ownership except to extent of pecuniary interest.
- Shares owned after transaction: not specified in the provided filing.
Context
- These were vested performance-based awards (PSUs), not open-market purchases or sales; each PSU represents the contingent right to one share and became reportable only upon satisfaction of performance conditions.
- Awards to a spouse are sometimes reported by the insider; the filing disclaims beneficial ownership beyond pecuniary interest.
- Vesting awards are compensation/retention events and do not by themselves indicate the insider’s view of the company’s stock.