White Christopher 4
4 · Bloom Energy Corp · Filed Feb 18, 2021
Insider Transaction Report
Form 4
White Christopher
EVP Global Sales
Transactions
- Exercise/Conversion
Class A Common Stock
2021-02-15+11,025→ 252,473 total - Sale
Class A Common Stock
2021-02-16$39.36/sh−4,005$157,656→ 248,468 total - Sale
Class A Common Stock
2021-02-17$35.42/sh−1,125$39,848→ 247,343 total - Exercise/Conversion
Performance Stock Units
2021-02-15−11,025→ 22,050 totalExp: 2031-02-10→ Class A Common Stock (11,025 underlying)
Footnotes (5)
- [F1]Includes 2,500 shares that were acquired under the Bloom Energy Corporation Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- [F2]Sale of shares to cover tax withholding obligation incurred upon settlement of the Performance Stock Units (the "PSUs") that vested on February 15, 2021.
- [F3]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F4]Each of the PSUs represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
- [F5]On June 12, 2020, the Reporting Person was granted a PSU award for a target number of 22,500 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 11, 2021, which resulted in a payout of 1.47 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2021, another third on February 15, 2022 and the remaining third on February 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date.