STEIN MICHAEL M 4

4 · Genie Energy Ltd. · Filed Feb 14, 2022

Form 4

Period: 2022-02-11

CHIEF EXECUTIVE OFFICER

Transactions

Award
Deferred Stock Units
2022-02-11+90,000→ 90,000 total
Exp: 2023-02-10→ Class B Common Stock (90,000 underlying)
Award
Deferred Stock Units
2022-02-11+90,000→ 90,000 total
Exp: 2023-02-10→ Class B Common Stock (90,000 underlying)

Holdings

Footnotes (5)

[F1]Consists of 178,604 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 104,896 unvested restricted shares of Class B common stock, 52,448 shares of which shall vest on each of November 4, 2022 and November 4, 2023.
[F2]Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 90,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock has a 30 trading day average closing price of $9.04 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.
[F3]The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $9.04 or greater not occur, in which case no shares of restricted stock shall be granted.
[F4]Each DSU entitles the Reporting Person to a grant of 90,000 restricted shares of the Issuer's Class B common stock the business day following the date the stock has a 30 trading day average closing price of $10.84 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.
[F5]The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $10.84 or greater not occur, in which case no shares of restricted stock shall be granted.

Documents

1 file