Garrett Jason K. 4
4 · Spark Energy, Inc. · Filed Jun 18, 2019
Insider Transaction Report
Form 4
Garrett Jason K.
Executive VP, Retail
Transactions
- Award
Restricted Stock Unit
2019-06-14$9.80/sh+1,807$17,709→ 99,493 total→ Class A Common Stock (1,807 underlying) - Award
Restricted Stock Unit
2019-06-14$9.80/sh+1,524$14,935→ 83,911 total→ Class A Common Stock (1,524 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), of Spark Energy, Inc., cash, or a combination of both. Each RSU includes tandem dividend equivalents which will vest upon the same schedule as the underlying RSU.
- [F2]These RSUs accrued on outstanding RSUs held by the reporting person as a result of a dividend equivalent payment made to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock.
- [F3]These RSUs vest ratably over four years in May of each year starting in the year following the grant.
- [F4]Balance includes original grants of RSUs and dividend equivalents issued in additional RSUs.
- [F5]These RSUs vest upon certain conditions in connection with a "Change in Control" of Spark Energy, Inc. as such term is defined in the Form of Notice of Grant of Restricted Stock Unit (Change in Control Restricted Stock Units), filed as Exhibit 10.5 to Spark Energy, Inc.'s Quarterly Report on Form 10-Q for quarter ended June 30, 2018.