STEINBERG JOSEPH S 4
Research Summary
AI-generated summary
Vitesse Energy (VTS) Director Joseph S. Steinberg Receives Award
What Happened
- Joseph S. Steinberg, a director of Vitesse Energy, was granted 7,066 restricted stock units (RSUs) on 2026-06-05. The units were issued at $0.00 per unit (no cash paid) and therefore the immediate reported transaction value is $0. These RSUs are contingent rights to receive common stock upon vesting.
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (appears timely; Form 4 is generally due within two business days).
- Grant: 7,066 RSUs @ $0.00 (reporting value $0).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes of note:
- F1: RSUs represent a contingent right to one share each; vest on the earlier of the first anniversary of grant or the Company's 2027 Annual Meeting, subject to continued service.
- F2: Some shares are held by corporations owned by the reporting person.
- F3: The reporting person disclaims beneficial ownership of any shares held indirectly beyond his proportionate pecuniary interest.
Context
- RSUs are an award, not an open-market purchase or sale; they convert into actual shares only upon vesting (and then have market value at that time). Grants like this are common for compensating directors and do not by themselves indicate immediate buying or selling of stock.