Kenneth Michael Hartwick, a director of Spark Energy, Inc., just received 163 restricted shares from the company. The restricted shares don't become available to Hartwick until such time as they become vested. Hartwick now owns at least 8,963 restricted shares of the company.
Some additional info was provided as follows:
Each restricted stock unit ("RSU") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), of Spark Energy, Inc., cash, or a combination of both. Each RSU includes tandem dividend equivalents which will vest upon the same schedule as the underlying RSU.
These RSUs accrued on outstanding RSUs held by the reporting person as a result of a dividend equivalent payment ma
de to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock.
These RSUs will vest in full on May 18, 2020.
Balance includes original grants of RSUs and dividend equivalents issued in additional RSUs.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Tender offer statement by Issuer - June 19, 2020
Tender offer statement by Issuer - June 17, 2020
Spark Energy, Inc.'s Chief Operating Officer was just granted 1,684 restricted shares - June 17, 2020
Spark Energy, Inc.'s Chief Financial Officer was just granted 1,222 restricted shares - June 17, 2020
Spark Energy, Inc. director was just granted 183 restricted shares - June 17, 2020