4//SEC Filing
STEIN MICHAEL M 4
Accession 0001209191-22-009161
CIK 0001528356other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 2:18 PM ET
Size
10.5 KB
Accession
0001209191-22-009161
Insider Transaction Report
Form 4
STEIN MICHAEL M
CHIEF EXECUTIVE OFFICER
Transactions
- Award
Deferred Stock Units
2022-02-11+90,000→ 90,000 totalExp: 2023-02-10→ Class B Common Stock (90,000 underlying) - Award
Deferred Stock Units
2022-02-11+90,000→ 90,000 totalExp: 2023-02-10→ Class B Common Stock (90,000 underlying)
Holdings
- 364,898
Class B Common Stock, par value $.01 per share
- 1,556(indirect: By Spouse)
Class B Common Stock, par value $.01 per share
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
Issuer
Genie Energy Ltd.
CIK 0001528356
Entity typeother
Related Parties
1- filerCIK 0001607743
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 2:18 PM ET
- Size
- 10.5 KB