Powell Mary 4
Research Summary
AI-generated summary
Sunrun (RUN) CEO Mary Powell Sells 2,229 Shares
What Happened
Mary Powell, CEO of Sunrun Inc. (RUN), sold 2,229 shares on March 6, 2026 in an open-market transaction. The weighted average sale price was $11.94 per share (range $11.905–$11.98), generating roughly $26,624 in proceeds. Footnotes state the shares were sold to cover tax withholding from the settlement of vested restricted stock units.
Key Details
- Transaction date: 2026-03-06; Form 4 filed: 2026-03-09 (timely filing).
- Transaction type/code: Sale (S), open-market or private sale.
- Shares sold: 2,229; weighted average price: $11.94; price range: $11.905–$11.98; total proceeds ≈ $26,624. (Issuer will provide per-price breakdown on request.)
- Reason: Sold to cover tax obligation from settlement of vested RSUs (footnote). This is a routine tax-withholding sale, not an additional compensation grant.
- Shares held after transaction: Filing notes 813,326 restricted stock units remain outstanding and are subject to forfeiture until they vest.
Context
This sale appears to be a tax-withholding transaction related to vested RSUs rather than a discretionary sale indicating a change in view. RSUs are restricted until they vest; selling a portion to cover taxes is common and frequently routine for insiders.