Calio Joseph Evan 4
Research Summary
AI-generated summary
T1 Energy (TE) CFO Joseph Calio Receives 300,000-Share Award
What Happened
- Joseph Calio, Chief Financial Officer of T1 Energy Inc. (TE), was granted 300,000 derivative awards on May 14, 2026. The Form 4 reports the transaction as an award/grant (code A) for 300,000 shares with $0 cash consideration reported. These are compensatory options issued under the company's equity plan rather than an open‑market purchase or sale.
Key Details
- Transaction date: May 14, 2026; Form 4 filed: May 18, 2026 (timely within the two business‑day SEC window).
- Transaction type/code: Grant/Award (A); amount: 300,000 derivative securities; price/cash paid reported: $0.00.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: These consist of compensatory options under the 2021 Equity Incentive Plan (as amended Apr 22, 2024). Vesting: 1/3 on May 14, 2027; 1/3 on May 14, 2028; 1/3 on May 14, 2029. Options are typically forfeited if employment ends.
Context
- This filing reports a standard executive equity award (retention/compensation), not an open‑market buy or sale. Such option grants are common for executives and do not by themselves indicate immediate buying or selling of company stock.