Colgrove John 4
Research Summary
AI-generated summary
Everpure (PSTG) CVO John Colgrove Receives 320,277-Share Award
What Happened
- John Colgrove, Chief Visionary Officer and Director of Everpure, was awarded 320,277 shares of Class A common stock as a performance-based restricted stock unit (PRSU) grant. The award is recorded at $0.00 per share (code A — award/grant) following the Committee’s determination of performance achievement on March 10, 2026. Vesting begins March 20, 2026.
Key Details
- Transaction date: March 10, 2026 (performance determination); Form 4 filed March 12, 2026.
- Transaction type/code: Grant/Award (A); reported acquisition price $0.00.
- Vesting schedule: 1/3 of the PRSU vests on March 20, 2026; remaining shares vest quarterly in equal installments over the next two years, subject to Colgrove’s continuous service.
- Shares held/beneficiaries: Portions of the shares are held by the Colgrove Family Living Trust, The EEC Irrevocable Trust (a family member is a beneficiary), The RWC Irrevocable Trust (a family member is a beneficiary), and VCF Trust.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: Form 4 was filed two days after the March 10 determination (appears timely under the 2-business-day rule).
Context
- This was an award of PRSUs (not an open-market purchase or sale). The underlying shares will only be received as they vest per the schedule and subject to continued service; awards do not necessarily indicate immediate buying or selling by the insider.