Colgrove John 4
4 · Everpure, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Everpure Director John Colgrove Receives 78,700-Share Award
What Happened John Colgrove, Everpure’s Chief Visionary Officer and a director, received a grant of 78,700 restricted stock units (RSUs) on May 14, 2026. The award was reported as a derivative grant at $0.00 per share (no immediate cash exchanged). These RSUs are performance-based and will only convert to shares if specified stock-price targets are met by set measurement dates.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (appears to be filed after the typical 2-business-day Form 4 window).
- Transaction type/code: Award/Grant (A); derivative award (long-term performance incentive).
- Shares granted: 78,700 RSUs; reported acquisition price: $0.00; immediate cash value at grant: $0.
- Shares owned after transaction: Not specified in the Form 4.
- Footnote highlights:
- RSUs are issuable only if the 30-trading-day average closing price of Everpure Class A common stock equals or exceeds $150.00 (adjusted for splits) measured at the end of fiscal years 2029, 2030, or 2031.
- If achieved, 33%, 67% and 100% of the target shares become earned for 2029, 2030 and 2031 respectively; earned shares vest on March 20 of the applicable year, subject to Colgrove’s continued service.
- Shares issued on vesting are subject to a one-year post-vest holding period.
- If the $150 target is not met by the end of fiscal 2031, any unearned shares are forfeited.
Context This is a performance-based equity award, not an open-market purchase or sale. Such awards are common elements of executive compensation and are contingent on future stock-price performance and continued service, so they do not represent an immediate buy/sell decision by the insider. Retail investors should treat this as compensation-related dilution potential if targets are met, rather than a direct bullish or bearish signal.
Insider Transaction Report
- Award
Stock-Related Performance Restricted Stock Unit
[F1][F2]2026-05-14+78,700→ 78,700 totalExercise: $0.00→ Class A Common Stock (78,700 underlying)
Footnotes (2)
- [F1]The shares of Class A Common Stock are issuable upon vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award under the Issuer's 2015 Equity Incentive Plan and related award agreement. Shares may become earned only if the prior 30-trading day average closing price of the Issuer's Class A Common Stock equals or exceeds $150.00 per share, as equitably adjusted to reflect any stock split, reverse stock split, or similar change in the Issuer's capital structure affecting its common stock, measured at the end of fiscal 2029, 2030 or 2031. If achieved, 33%, 67% and 100%, respectively, of the target shares become earned. Earned shares vest on March 20, 2029, March 20, 2030 or March 20, 2031, as applicable, with later vesting limited to incremental shares earned, subject to Reporting Person's Continuous Service through the applicable vesting date. Shares issued upon vesting are subject to a one-year post-vest holding period.
- [F2]If the $150 stock price target is not met by the end of the Issuer's fiscal year ending in 2031, any unearned shares under the LTP award will immediately be forfeited.