ESS Tech (GWH) Director Sandeep Nijhawan Receives Award

What Happened Sandeep Nijhawan, a director of ESS Tech, Inc. (GWH), was granted 13,513 restricted stock units (RSUs) on May 29, 2026. The reported acquisition price is $0.00, meaning there is no immediate cash purchase; the RSUs are a contingent award that converts to shares only upon vesting.

Key Details

• Transaction type and date: Award/Grant (code A) on 2026-05-29; Form 4 filed 2026-06-02 (timely filing).
• Quantity and price: 13,513 RSUs granted at $0.00 (no immediate cash value).
• Vesting/settlement: RSUs vest on the earlier of (i) May 29, 2027 or (ii) the day prior to the next annual meeting of stockholders. The reporting person elected to defer settlement to a date within 30 days of either separation from service or a qualifying change of control (subject to Section 409A rules).
• RSU mechanics: Each RSU represents a contingent right to receive one share of common stock upon settlement.
• Shares owned after transaction: Not specified in the provided filing details.

Context RSU awards are compensation-based grants that only become actual shares if and when vesting conditions are met; they do not represent an immediate cash outlay or sale. This is a routine director equity award and should be viewed as compensation rather than a direct buy/sell signaling immediate market sentiment.