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US ENERGY CORP·4

Mar 6, 5:31 PM ET

Slack Stephen 4

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US ENERGY CORP (USEG) Director Stephen Slack Receives Option Award

What Happened
Stephen Slack, a director of US Energy Corp (USEG), was granted 230,000 nonqualified stock options on March 4, 2026. The filing lists the acquisition as a derivative award at $0.00 (standard for option grants reported as awards). The options were issued as compensation for director services and are not exercises or open‑market purchases/sales.

Key Details

  • Transaction date: March 4, 2026; Form 4 filed March 6, 2026.
  • Grant: 230,000 nonqualified stock options (reported as A = Award/Grant) at $0.00 on the Form 4 (derivative grant).
  • Vesting: Two equal installments — 115,000 options vest July 1, 2026 and 115,000 vest January 2, 2027, subject to continued service.
  • Consideration: Issued as compensation for services rendered and to be rendered as a director.
  • Shares/options owned after transaction: not specified in this filing.

Context
These were option grants (not exercises or sales). Because the award is compensation for board service and vests over time, it is routine corporate compensation and does not by itself indicate the director buying or selling the company’s shares.