Telesz Todd E 4

What Happened
Todd E. Telesz, CFO of Hallador Energy Co. (HNRG), had 8,219 derivative awards converted into common shares on 2026-06-23, with an aggregate reported value of $145,723 (price used: $17.73). To satisfy tax withholding, 2,610 of those shares were surrendered/withheld (reported value $46,275). The filing also includes a derivative-settlement entry related to the conversion.

Key Details

• Transaction date: 2026-06-23; Form 4 filed: 2026-06-25 (timely within typical 2-business-day window).
• Main entries: conversion/exercise of 8,219 derivative units (reported at $17.73, total $145,723) and tax withholding/disposition of 2,610 shares (reported at $17.73, total $46,275). One derivative settlement line shows 8,219 shares with N/A price (reflects conversion/settlement reporting).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnote: Each Restricted Stock Unit (RSU) represents a contingent right to one share; vested shares will be delivered under the company’s RSU plan (per footnote F1).
• Transaction codes: M = exercise/conversion of a derivative; F = payment of exercise price or tax liability (here used for share withholding to cover taxes).

Context
This appears to be a routine vesting/settlement of RSUs (or conversion of a derivative) with a portion of shares withheld for tax obligations — common practice and not an open-market sale by the insider. The tax-withholding disposition reduces the net shares received but does not by itself indicate a sell decision about the company.