Bilsland Brent K 4

What Happened

• Brent K. Bilsland, President & CEO and Director of Hallador Energy (HNRG), was granted 69,808 restricted stock units (RSUs) on April 15, 2026. The grant is a derivative award (no cash purchase or sale) and the filing shows no per-share price or immediate value (N/A).

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-16 (timely).
• Transaction type/code: Award/Grant (A); amount: 69,808 RSUs; price/value: N/A (derivative).
• Shares owned after transaction: Not reported in this filing.
• Footnote: Each RSU equals a contingent right to one share; delivery occurs under the 2nd Amended and Restated 2008 RSU Plan.
• Vesting: RSUs vest ratably on 3/31/2027, 3/31/2028 and 3/31/2029, subject to continued service; they vest in full upon a Change in Control, per the plan/agreement.

Context

• RSU grants are compensation/retention awards and are not the same as an open-market purchase or sale. They become actual shares only as they vest (or on certain corporate events), so they do not represent an immediate insider buy or sell signal.