Earnings Feed
Start Free
Blink Charging Co.·4

Jul 2, 6:00 PM ET

Battaglia Michael C. 4

Research Summary

AI-generated summary

Updated

Blink Charging (BLNK) CEO Michael Battaglia Receives RSU Awards

What Happened

  • Michael C. Battaglia, President, CEO and Director of Blink Charging (BLNK), was granted a total of approximately 1,678,506 restricted stock units (RSUs) on June 30, 2026 (grants reported as acquisitions at $0.00). To satisfy tax withholding on vested RSUs, a total of 36,751 shares were withheld/disposed (32,993 shares at $0.65 for $21,445 and 3,758 shares at $0.68 for $2,555), representing roughly $24,000 in withholding obligations. These transactions were reported on a Form 4 filed July 2, 2026.

Key Details

  • Transaction date: June 30, 2026; Form 4 filed July 2, 2026 (timely filing).
  • Grants: ~1,678,506 RSUs received (reported as awards at $0.00 per share).
  • Withholding (tax): 36,751 shares withheld in two transactions (32,993 @ $0.65; 3,758 @ $0.68) totaling ≈$24,000.
  • Shares owned after transaction: filing does not state a single aggregate number here; a footnote (F2) notes inclusion of 23,388 RSUs that were previously omitted from beneficial ownership calculations.
  • Notable footnotes:
    • Several RSU grants have different vesting triggers: time-based vesting in annual installments (some with immediate one-third vesting), performance/price hurdles (vesting in 25% increments upon stock-price milestones or full vesting at certain price/time thresholds), and vesting tied to remediation of internal control weaknesses. Grants were subject to and approved by stockholders on June 30, 2026.
    • Withholding transactions are routine tax-withholding following RSU vesting (transaction code F).
  • Transaction codes: A = Award/Grant; F = withholding to satisfy tax obligations.

Context

  • These were awards (RSUs), not open-market purchases or sales intended as market bets. The withheld shares represent a standard tax withholding mechanism (cashless settlement) after RSU vesting, not a market-sale decision.
  • Some RSUs are performance- or condition-based (price hurdles, control-event acceleration, or remediation of internal controls). That means future actual share issuance depends on meeting those conditions, so not all granted RSUs will necessarily convert to shares immediately.