Carlson Michael James 4

What Happened Michael James Carlson, President, Managed Services at STEM, was granted a total of 43,000 contingent equity units on February 26, 2026: 25,800 restricted stock units (RSUs) and 17,200 performance stock units (PSUs). Both awards are recorded at $0.00 (derivative awards/contingent rights to common shares) and do not represent an open-market purchase or sale. The RSUs vest in three nearly equal annual installments (33%, 33%, 34%) beginning March 7, 2027. The PSUs vest only if the volume-weighted average price (VWAP) of STEM’s common stock meets or exceeds a specified stock-price target measured over any consecutive 60 trading-day period.

Key Details

• Transaction date: February 26, 2026; filing date: March 2, 2026. No late-filing flag indicated.
• Grant type/code: A (award/grant); price reported $0.00; total units granted = 43,000 (25,800 RSUs + 17,200 PSUs).
• RSU vesting: three installments (33% / 33% / 34%) beginning March 7, 2027 (per footnote).
• PSU vesting: contingent on achieving a VWAP-based stock-price target over any consecutive 60 trading days (per footnote).
• Shares owned after transaction: not specified in the filing.
• Footnote summary: each RSU/PSU represents a contingent right to one share if/when vested.

Context These awards are compensation-driven equity grants (not purchases or sales) that will only convert into actual shares if vesting conditions are met. RSUs provide time-based vesting; PSUs are performance-based and dependent on a stock-price target—so their eventual value and dilution depend on future stock performance and attainment of the target.