BROWN PATRICK SIDNEY 4
4 · CENTRUS ENERGY CORP · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Centrus Energy (LEU) SVP Patrick Brown Receives RSUs; 389 Shares Surrendered
What Happened
Patrick S. Brown, Senior Vice President, Field Operations at Centrus Energy (LEU), had 1,596 restricted stock units (RSUs) vest and settle into 1,596 shares of Class A common stock on April 21, 2026. The RSUs converted at $0 (no cash purchase). To satisfy payroll tax withholding, 389 of the vested shares were surrendered to the company at an implied value of $191.55 per share, totaling approximately $74,513. No open-market sale by the insider is reported.
Key Details
- Transaction dates: Vesting/settlement and related actions on 2026-04-21; Form 4 filed 2026-04-23 (timely filing).
- Actions reported: A = award/grant (RSU settlement), M = conversion/exercise of derivative (RSU→shares), F = shares surrendered to satisfy tax withholding.
- Shares involved: 1,596 RSUs vested and settled into 1,596 shares; 389 shares surrendered for taxes (≈ $74,513).
- Price reported: Acquired at $0.00 (RSU settlement); tax-withheld shares valued at $191.55 per share.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: RSUs were granted 4/21/2025, vested 4/21/2026 subject to continued employment; each RSU equals one share; vested shares to be delivered as soon as administratively practicable.
Context
This was a routine equity-compensation vesting event (RSUs converting to shares) with shares withheld to cover taxes — common practice and not an open-market sale. The derivative code (M) reflects conversion of RSUs into stock; code F denotes withholding of shares for tax liability. Such withholding transactions are administrative and do not necessarily indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-04-21+1,596→ 2,841 total - Tax Payment
Class A Common Stock
[F2]2026-04-21$191.55/sh−389$74,513→ 2,452 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-04-21−1,596→ 0 total→ Class A Common Stock (1,596 underlying)
Footnotes (5)
- [F1]RSUs issued pursuant to the Company's equity incentive plan on April 21, 2025. 1,596 of such RSUs vested on April 21, 2026 and settled at such time by issuing shares of Class A Common Stock as reported herein.
- [F2]Shares surrended to the Company to satisfy tax withholding.
- [F3]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F4]The RSUs vest on April 21, 2026, provided that Mr. Brown remains actively employed by the Company.
- [F5]Vested shares will be delivered to the reporting person as soon as administratively practicable following vesting.