Research Summary
AI-generated summary of this SEC filing
Arq (ARQ) CAO Owino Receives 222,094-Share Awards
What Happened
Owino Peter Oluoch, Arq, Inc.'s Chief Accounting Officer, received a package of equity awards on September 1, 2026 totaling 222,094 units across three grants: 100,000 restricted stock awards (RSAs), 61,047 RSAs under the company’s 2026 Omnibus Incentive Plan, and 61,047 performance share units (PSUs) (the PSU line reported as a derivative award). All awards were granted at $0.00 per share (no cash purchase).
Key Details
- Transaction date: September 1, 2026. Form 4 filed September 3, 2026 (within the two-business-day reporting window).
- Grant breakdown:
- 100,000 RSAs (inducement award) — vesting: 33,333 on 9/1/2027, 33,333 on 9/1/2028, 33,334 on 9/1/2029. (Footnote F1)
- 61,047 RSAs under the 2026 Omnibus Incentive Plan — vest in three equal installments on 9/1/2027, 3/23/2028, and 3/23/2029. (Footnote F2)
- 61,047 PSUs (performance-based, reported as a derivative) — each PSU can convert to one share if performance and service conditions are met; vesting (if any) will occur no later than 3/15/2029, with performance measured as of 12/31/2028. The PSU figure reflects the maximum potential payout (up to 200% of target). (Footnotes F3–F5)
- Reported acquisition price: $0.00 for all awards.
- Shares owned after the transaction: not specified in the filing.
Context
- These are awards/grants (A) — not open-market purchases or sales. Awards are common for new hires (inducement) and ongoing long-term incentives; they don't by themselves indicate a buy/sell market signal.
- The PSU portion is performance-contingent: actual shares delivered will depend on meeting pre-set goals and continued service through the measurement/vesting dates.