Nixon Gregory S. 4
Research Summary
AI-generated summary
Eos Energy Director Gregory S. Nixon Receives Award, Sells Shares
What Happened
Gregory S. Nixon, a director of Eos Energy Enterprises, was granted 23,111 restricted stock units (RSUs) that were converted and cash‑settled on May 19, 2026 at $6.88 per unit (≈ $159,026). The Form 4 also reports a disposition to the issuer of 9,244 shares at $6.88 for $63,599. The filing shows the RSUs as exercised/converted (derivative transaction code M) and the award/grant (code A). According to the filing footnote, the RSUs were cash‑settled and no actual shares were issued to, or disposed of by, the reporting person.
Key Details
- Transaction date: May 19, 2026; price per share/unit: $6.88.
- RSUs granted/converted: 23,111 RSUs; cash value ≈ $159,025.68 (23,111 × $6.88).
- Reported disposition: 9,244 shares at $6.88 for $63,599 (per filing).
- Footnotes: F1 explains an RSU equals a contingent right to one share; F2 states these RSUs were cash‑settled and no shares were actually issued or disposed by the reporting person.
- Shares owned after transaction: not disclosed in this filing.
- Filing timeliness: report and period date both May 19, 2026 — no late filing indicated.
Context
This was a cash settlement of RSUs rather than an open‑market sale or purchase of stock. Cash‑settled RSUs (and any reported withholding/disposition entries) are typically administrative/tax events and do not necessarily indicate a director buying or selling shares on the market. As always, these transactions are factual disclosures; they do not by themselves reveal the insider’s investment view.