Jones James G II 4
4 · Spark Energy, Inc. · Filed Dec 17, 2020
Insider Transaction Report
Form 4
Jones James G II
Director
Transactions
- Award
Restricted Stock Unit
2020-12-15$9.33/sh+336$3,135→ 17,174 total→ Class A Common Stock (336 underlying) - Award
Restricted Stock Unit
2020-12-15$9.33/sh+763$7,119→ 40,438 total→ Class A Common Stock (763 underlying)
Footnotes (6)
- [F1]Each restricted stock unit ("Restricted Stock Unit") 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 Restricted Stock Unit includes tandem dividend equivalents which will vest upon the same schedule as the underlying Restricted Stock Unit.
- [F2]These Restricted Stock Units accrued on outstanding Restricted Stock Units 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 Restricted Stock Units vest ratably over the next three years on May 18, 2021, May 18, 2022 and May 18, 2023.
- [F4]The price is based on the closing price on Tuesday, December 1, 2020.
- [F5]Balance includes original grants of Restricted Stock Units and dividend equivalents issued in additional Restricted Stock Units.
- [F6]These Restricted Stock Units vest ratably over four years in May of each year starting in the year following the grant.