Battaglia Michael C. 4
Research Summary
AI-generated summary
BLNK CEO Michael Battaglia Receives 406,901-Share Award
What Happened
- Michael C. Battaglia, President, CEO and Director of Blink Charging (BLNK), was granted 406,901 restricted stock units (RSUs) on 2026-03-13. The RSUs vested immediately and were granted at $0.00 per share (award).
- To satisfy tax withholding obligations tied to the vesting, 197,817 shares were withheld (disposed) at $0.66 per share, for a reported withholding value of $129,986. Net new shares received by Battaglia from this grant were 209,084 (406,901 granted minus 197,817 withheld).
- This was an equity award/vesting event, not an open-market purchase or sale of existing shares.
Key Details
- Transaction date: 2026-03-13; Form filed: 2026-03-17 (filed within two business days).
- Grant: 406,901 RSUs @ $0.00 (code A). Withholding: 197,817 shares @ $0.66 (code F) for ~$129,986.
- Net shares added from the grant: 209,084. Total shares owned after the transaction not specified in the filing.
- Footnotes: F1—RSUs granted under the Issuer's 2018 Incentive Compensation Plan; each RSU equals one share and they vested immediately. F2—Withholding of shares was to satisfy tax withholding obligations following vesting.
- This was a grant/vesting and a routine tax-withholding disposition, not an insider sale into the market.
Context
- RSU vesting and related share withholding for taxes are common and do not necessarily signal the insider’s view on the company’s stock price.
- Because the RSUs vested immediately, the withholding resembles a cashless settlement to meet tax obligations rather than an active sale decision by the insider.