T1 Energy Inc.·4

Jul 6, 5:03 PM ET

Manners David J. 4

Research Summary

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T1 Energy (TE) Director David J. Manners Receives RSU Award

What Happened
Director David J. Manners was granted 22,695 restricted stock units (RSUs) on July 2, 2026. The filing reports the award as a derivative acquisition at $0.00 (no cash paid). Each RSU represents the right to receive one share of common stock upon vesting.

Key Details

  • Transaction date: July 2, 2026; reported on Form 4 filed July 6, 2026 (timely filed within required business days).
  • Security: 22,695 RSUs (derivative award) reported at $0.00.
  • Shares owned after transaction: Not disclosed in the filing.
  • Footnotes:
    • F1: Each RSU equals one share upon settlement.
    • F2: RSUs granted under the 2021 Equity Incentive Plan (as amended and restated April 22, 2024).
    • F3: RSUs vest on the earlier of (a) the first anniversary of the grant or (b) the Company's 2027 annual meeting (subject to the meeting occurring at least 50 weeks after the 2026 AGM on June 17, 2026). Vested RSUs will be settled in shares; RSUs have no expiration date.

Context
This is a standard compensation grant to a director (an award), not an open-market purchase or sale. RSU grants are common for aligning executives and directors with shareholder interests; they do not reflect an immediate cash investment or sale and only convert to shares if and when they vest.

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