KATSOF IRWIN 4
Research Summary
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Genie Energy (GNE) Director Irwin Katsof Receives 2,190-Share Award
What Happened Irwin Katsof, a director of Genie Energy Ltd. (GNE), was granted 2,190 restricted shares on June 10, 2026. The award is reported as an acquisition at $14.26 per share, for a total reported value of $31,218. Footnotes indicate the restricted stock vested in full immediately, so these shares were acquired and became fully vested upon grant.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely within reporting window).
- Transaction type/code: Award/Grant (A).
- Shares: 2,190 shares at $14.26 per share; total value $31,218.
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
- Footnotes: F1 = grant of Restricted Stock that vests in full immediately; F2 = consists of fully vested shares of Restricted Stock.
- Filing timeliness: Report appears timely (not marked late).
Context This was a compensatory award (restricted stock) rather than an open-market purchase or sale. Because the shares vested immediately, the award functions like a direct issuance of fully vested shares to the director; such grants are common for director compensation and are not, by themselves, a clear signal of buying or selling intent.