Kevin M Mcminn, Spark Energy, Inc.'s Chief Operating Officer, just received 44,709 restricted shares from the company. The restricted shares don't become available to Mcminn until such time as they become vested. Mcminn now owns at least 74,709 restricted shares of the company.
Some additional info was provided as follows:
Each restricted stock unit ("Restricted Stock Unit") 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 Restricted Stock Unit includes tandem dividend equivalents which will vest upon the same schedule as the underlying Restricted Stock Unit.
These Restricted Stock Units vest ratably over four years b
eginning on May 18 in the year following the grant.
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