Net Power (NPWR) Director Alejandra Veltmann Receives Award

What Happened

Alejandra Veltmann, a non‑employee director of Net Power Inc. (NPWR), was granted 71,770 restricted stock units (RSUs) on June 3, 2026. The grant is reported as an award (code A) at $0.00 per unit; each RSU represents the right to receive one share of Class A common stock. Settlement of the RSUs is deferred per the reporting person's standing deferral election.

Key Details

• Transaction date: June 3, 2026 (grant of RSUs; transaction code A).
• Amount: 71,770 RSUs granted; reported price $0.00.
• Vesting: RSUs vest on the earlier of the day immediately before the Issuer’s 2027 annual meeting and June 3, 2027, subject to continued service.
• Settlement: Deferred pursuant to the director’s standing deferral election (RSUs convert to shares upon settlement).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: This Form 4 was filed late due to administrative oversight (footnote F1) — reduces timeliness/transparency of the disclosure.

Context

RSUs are compensation awards that give the holder the right to receive shares in the future (they are not an immediate open‑market purchase or sale). Grants to non‑employee directors through a standing compensation policy are routine corporate governance/compensation events and do not, by themselves, indicate the director is buying or selling stock.