Miller John P. 4
Research Summary
AI-generated summary
Spruce Power (SPRU) Director John P. Miller Receives 75,000 RSUs
What Happened
John P. Miller, a director of Spruce Power Holding Corp (SPRU), was awarded 75,000 restricted stock units (RSUs) on June 24, 2025. The grant is reported at $0.00 (no cash purchase) and each RSU represents a contingent right to one share of common stock; the RSUs vest on June 24, 2026, subject to continued service. The Form 4 disclosing this award was filed on February 6, 2026.
Key Details
- Transaction date: 2025-06-24 — Grant/Award (transaction code A)
- Amount: 75,000 RSUs; reported acquisition price: $0.00
- Vesting: RSUs vest on 2026-06-24, contingent on continued service (footnote)
- Shares owned after transaction: not disclosed in the filing
- Filing timeliness: Form 4 filed ~7.5 months after the grant (late vs. the normal 2-business-day rule)
Context
- RSUs are equity compensation that convert to shares (or cash) only upon vesting; they are not an immediate purchase or sale.
- Such awards are common for directors as compensation and are not direct indicators of buying or selling intent; the late filing reduces the immediacy of public disclosure.