Rice Toby Z. 4
Research Summary
AI-generated summary
EQT CEO Toby Z. Rice Receives 1,000,000-Share Award
What Happened
- Toby Z. Rice, President & CEO and a director of EQT Corp (EQT), received three equity awards on April 27, 2026 totaling 1,000,000 shares (333,333; 333,333; 333,334). Each grant is reported as a derivative award at $0.00 per share (transaction code A), meaning the award was granted rather than purchased and is recorded with no cash outlay at grant.
Key Details
- Transaction date: 2026-04-27; Form 4 filed: 2026-04-28 (timely)
- Grants: 333,333 + 333,333 + 333,334 = 1,000,000 shares; reported price: $0.00 (derivative awards)
- Transaction code: A (Award/Grant); derivative security reporting indicates these are equity awards rather than open-market purchases
- Shares owned after transaction: not specified in the excerpt provided
- No 10b5-1 plan, tax withholding sale, or other footnotes were provided in the supplied data
Context
- Awards reported at $0.00 are typically restricted stock units or other equity compensation that vest over time or upon performance conditions; they are not immediate open-market purchases or sales. The economic value to the insider depends on EQT’s future share price and any vesting conditions. Form 4 reporting here is informational—it shows the grant but does not by itself indicate buying or selling sentiment.