Cimino Thomas James 4

What Happened
Thomas James Cimino, Chief Financial Officer of Spruce Power Holding Corp (SPRU), was granted 60,000 restricted stock units (RSUs) on December 8, 2025. The reported grant shows an acquisition price of $0.00 (standard for equity awards); no cash changed hands at grant. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2025-12-08; reported on Form 4 filed 2026-02-20 (filed ~74 days after the transaction).
• Grant details: 60,000 RSUs, acquisition price reported as $0.00. Total cash consideration at grant = $0.
• Vesting (footnote): RSUs are contingent rights to one share each. One-quarter vests on each of Dec 8, 2026; Dec 8, 2027; Dec 8, 2028; and Dec 8, 2029, subject to continued service.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or sale noted in the provided notes.

Context
RSUs are a form of equity compensation that convert to actual shares only as they vest; they are not an immediate market purchase or a signal of a cash investment. Because the filing was submitted well after the December grant date, the Form 4 appears late relative to the typical two-business-day reporting requirement, which investors may want to note when tracking timely insider activity.