Evolution Petroleum (EPM) CAO Beatty Kelly Receives Stock Award

What Happened
Beatty Kelly, Chief Accounting Officer of Evolution Petroleum Corp (EPM), was granted equity awards on 2026-09-17: 34,357 restricted shares (awarded stock) and 17,179 performance stock units (PSUs). Both grants show an acquisition price of $0.00, so no cash was paid; the PSU grant is a derivative award that converts to common shares only if performance and vesting conditions are met.

Key Details

• Transaction date: 2026-09-17; Filing date: 2026-09-21 (appears to be filed 4 days after the transaction; this may be late relative to the typical 2-business-day Form 4 deadline).
• Grants: 34,357 restricted stock shares @ $0.00 (Award) and 17,179 PSUs @ $0.00 (Derivative award). Total potential shares: 51,536.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Restricted stock awarded under the company's Amended and Restated 2016 Equity Incentive Plan and subject to vesting terms and performance goals.
  • F2 — PSUs granted under the same plan; each PSU represents a contingent right to one common share only upon achievement of performance goals and other vesting criteria; shares will not be issued until those conditions are met.
• No sale, open-market purchase, or option exercise reported in this filing.

Context
Restricted stock and PSUs are common components of executive compensation. Restricted shares convey ownership (subject to vesting), while PSUs are contingent and only convert to shares if performance targets are met. Because these are awards rather than purchases or sales, they do not represent an immediate cash investment or liquidation by the insider; they increase potential future ownership if vesting/performance conditions are satisfied.