Davis Zach 4
Research Summary
AI-generated summary
Cheniere (LNG) CFO Zach Davis Receives RSU Award, Withholds Shares
What Happened
- Zach Davis, Executive Vice President & Chief Financial Officer of Cheniere Energy (LNG), had RSUs vest on February 11, 2026. The filing shows 11,561 RSUs granted/vested (acquired) and a conversion/exercise of derivative securities for 3,285 shares. To satisfy tax withholding on the vesting, 1,293 shares were withheld (disposed) at $219.41 per share, totaling $283,697.
- These transactions reflect award vesting and conversion/settlement activity rather than an open‑market buy or sell.
Key Details
- Transaction date: February 11, 2026; Form filed Feb 13, 2026 (timely filing).
- Award/vest: 11,561 RSUs reported as acquired (grant/vesting).
- Derivative conversion: 3,285 shares from exercise/conversion of derivative securities reported.
- Tax withholding: 1,293 shares withheld to cover tax liability, at $219.41/share = $283,697.
- Shares owned after transaction: not specified in the provided filing summary.
- Relevant footnotes: RSUs represent rights to one share (or cash equivalent); the vested portion was from a previously reported RSU grant; remaining RSUs vest in equal installments on Feb 11 of 2027, 2028 and 2029.
Context
- RSU vesting and share withholding for taxes are routine compensation events and don’t necessarily signal insider buying or selling intent. The filing shows conversion/exercise of derivative securities with no cash proceeds reported, consistent with settlement/vesting mechanics rather than a market sale.