Blink Charging Co.·4

Apr 17, 6:00 PM ET

Battaglia Michael C. 4

Research Summary

AI-generated summary

Updated

Blink Charging CEO Michael Battaglia Receives RSU Award; Withholds Shares

What Happened

  • Michael C. Battaglia, President, CEO and Director of Blink Charging Co. (BLNK), was reported as receiving an award of 16,107 restricted stock units (RSUs) and later having 4,844 shares withheld to satisfy tax withholding obligations. The grant is shown as an acquisition (code A) on 2023-05-23 (no cash cost). The withholding (code F) occurred 2026-04-15 at an indicated price of $0.68 per share for a total value of $3,294 (disposed/withheld).

Key Details

  • Transactions:
    • 2023-05-23 — Award/Grant (A): 16,107 RSUs @ $0.00 (acquired)
    • 2026-04-15 — Tax withholding (F): 4,844 shares withheld @ $0.68 = $3,294 (disposed)
  • Shares owned after the transaction: not specified in the provided filing details.
  • Footnotes:
    • F1: The RSUs were granted under the Issuer's 2018 Incentive Compensation Plan and vest in three equal annual increments (Apr 15, 2024; Apr 15, 2025; Apr 15, 2026).
    • F2: The 4,844-share transaction represents withholding of shares to satisfy tax withholding upon RSU vesting.
  • Filing timeliness: The Form 4 was filed on 2026-04-17 covering a grant dated 2023-05-23 and a withholding dated 2026-04-15; the grant disclosure appears to be late relative to the original grant date.

Context

  • These transactions reflect an equity compensation grant and routine tax withholding on RSU vesting, not an open-market sale or a buy. Withholding of shares to cover taxes is a common administrative step and does not by itself indicate the insider is selling additional shares for investment reasons.