Rowe Nick Orlando 4
Research Summary
AI-generated summary
H2O AMERICA (HTO) Director Nick Rowe Receives Award
What Happened
Nick Orlando Rowe, a director of H2O AMERICA (HTO), was granted 505 restricted stock units (RSUs) on March 1, 2026. The Form 4 reports the acquisition at $0.00 per unit (no cash exchanged); RSUs will convert to one share each when they vest. The grant is a compensation award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (filed within the usual Form 4 deadline).
- Grant: 505 restricted stock units recorded at $0.00 per unit (total reported value $0 on the form).
- Vesting: Units vest in full one year after the grant date, subject to accelerated vesting under certain prescribed circumstances (see footnote).
- Shares owned after the transaction: Not specified in the provided filing details.
- Footnote: F1 confirms each RSU converts to one common share at vesting and outlines the one‑year vesting + possible acceleration.
Context
RSU grants are a routine form of equity compensation intended for retention and alignment with shareholders. Because no shares were bought or sold and the units vest in the future, this transaction is administrative/compensation in nature and does not by itself indicate insider buying or selling sentiment.