Hadron Energy (HDRN) COO Kenneth Canavan Receives 500,000-Share Award

What Happened

• Kenneth Canavan Jr., Chief Operating Officer of Hadron Energy, was granted 500,000 restricted stock units (RSUs) on 2026-09-02. The grant is reported at a per-share value of $1.88, for a notional value of $940,000. This is an award/acquisition (transaction code A), not an open-market buy or sale.

Key Details

• Transaction date: September 2, 2026; Form 4 filed September 4, 2026 (within the standard 2-business-day reporting window).
• Grant size and value: 500,000 RSUs @ $1.88 per share = $940,000 notional.
• Shares owned after transaction: not specified in the filing.
• Footnote (vesting): 25% of the RSUs vest on November 15, 2027; the remaining 75% vest in 12 equal quarterly installments (Feb 15, May 15, Aug 15, Nov 15), with full vesting on November 15, 2030.
• No indication of immediate sale or tax-withholding shares in this filing (award is service-vesting).

Context

• RSUs are a form of compensation that convert to actual shares only as they vest; they do not represent immediate market purchases or sales. This grant increases potential future insider ownership if Canavan remains with the company through the vesting schedule. The filing is routine and timely per SEC Form 4 rules.