Ponder L Barbee IV 4
4 · Globalstar, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Globalstar (GSAT) General Counsel Receives Award, Sells Shares
What Happened
Ponder L. Barbee IV, General Counsel of Globalstar, was granted 1,395 restricted shares on 2026-03-10 as partial payment of his 2025 annual bonus; those shares vested immediately. On 2026-03-11 he disposed of 682 of those shares in open-market sales, receiving approximately $39,084 (VWAP $57.31).
Key Details
- Grant: 1,395 restricted shares on 2026-03-10; acquisition reported at $0.00 (award/bonus), vested immediately (Footnote F1).
- Sale: 682 shares sold on 2026-03-11; VWAP reported $57.31; total proceeds ≈ $39,084 (Footnotes F2, F3).
- Sale price range: transactions executed between $57.13 and $57.66; reporter can provide per-trade details on request (F3).
- Purpose of sale: shares were sold to cover taxes due on vesting (F2).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing: Form 4 filed 2026-03-12 covering transactions on 3/10–3/11; this filing date appears to be within the SEC’s two-business-day reporting window.
Context
This was an award of restricted stock as part of compensation with an immediate vesting, followed by a routine sale to satisfy tax obligations—common and not necessarily a market sentiment signal. Purchases are typically more informative about insider confidence; here the net effect was compensation realization and tax withholding.
Insider Transaction Report
- Award
Voting Common Stock
[F1]2026-03-10+1,395→ 144,030 total - Sale
Voting Common Stock
[F2][F3]2026-03-11$57.31/sh−682$39,084→ 143,348 total
Footnotes (3)
- [F1]Award of Restricted Stock in partial payment of annual bonus for 2025, which shares vested immediately upon the grant.
- [F2]Shares sold to cover taxes due upon the vesting of restricted stock.
- [F3]The shares were sold in multiple transactions at prices ranging from $57.1300 to $57.6600 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.