Caisley Charles A. 4
Research Summary
AI-generated summary
Evergy (EVRG) EVP Charles Caisley Receives Award, Surrenders Shares for Taxes
What Happened Charles A. Caisley, Executive Vice President & Chief Customer Officer of Evergy (EVRG), received awards and converted equity awards on March 1, 2026. The filing shows he was awarded/received a total of 15,301 shares (10,766 and 4,535 in two award entries) related to performance share units (PSUs) and restricted stock units (RSUs). To satisfy withholding taxes on the settlements/vestings, Caisley relinquished (disposed) 4,473 shares, with reported withholding values of $231,069 and $143,142 (total $374,211). The Form 4 also reports conversion/exercise of derivative awards totaling 3,836 shares and the vesting/conversion of RSUs noted in the footnotes.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (no late filing indicated).
- Main codes: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment of exercise price or tax liability (shares withheld).
- Shares awarded/received: 10,766 and 4,535 (total 15,301).
- Shares surrendered for tax withholding: 2,762 and 1,711 (total 4,473), reported value withheld = $374,211.
- Derivative activity: conversions/exercises reported for 3,836 shares (see filing).
- Shares owned after transaction: not specified in this Form 4.
- Footnotes: awards include settlement of PSUs (F1), RSU vesting and conversion one-for-one to common stock (F3–F5), and a detailed RSU vesting schedule through 2029 (F6). 249 RSUs from dividend reinvestment are included in the totals (F7).
Context
- These transactions are largely award/vesting events and routine tax-withholding (shares surrendered to the company to cover taxes), not open-market purchases or sales. Such share relinquishments are common when equity awards vest.
- For derivatives/RSU conversions: restricted stock units convert one-for-one into shares on vesting; the filing shows some converted/exercised awards and some remaining RSUs subject to future vesting dates per the schedule in the footnotes.
- No indication this is a purchase signal; the key takeaway for investors is that this was equity compensation settlement and tax withholding, not a discretionary sale into the market.