Hammond Robert O. 4
Research Summary
AI-generated summary
T1 Energy Director Robert Hammond Receives 33,375 RSU Award
What Happened
- Robert O. Hammond, a director of T1 Energy Inc. (TE), received a grant of 33,375 Restricted Stock Units (RSUs) on July 2, 2026. The grant is reported as a derivative award at $0.00 (no cash paid at grant). Each RSU represents the right to one share of common stock upon vesting.
Key Details
- Transaction date: July 2, 2026; Form 4 filed July 6, 2026 (appears timely within the two-business-day filing window).
- Award: 33,375 RSUs; reported acquisition price: $0.00 (derivative award).
- Shares owned after transaction: not specified in the filing.
- Footnotes: (1) Each RSU converts to one share of common stock. (2) Grant made under the 2021 Equity Incentive Plan (as amended). (3) Vesting: RSUs vest on the earlier of (a) one year after grant or (b) the Company’s 2027 annual meeting of stockholders (subject to a timing condition related to the 2026 meeting). Vested RSUs will be settled in shares; the RSUs have no expiration date.
Context
- RSU grants are a common form of equity compensation and are different from open-market purchases or sales — they do not indicate an immediate cash investment or liquidation by the insider. These RSUs are a derivative award that will convert to shares only if and when they vest.