EVgo (EVGO) president gains shares from RSU vesting, tax withholding cuts net
Rhea-AI Filing Summary
EVgo Inc. President Dennis G. Kish reported compensation-related equity activity rather than open-market trading. On March 15, 2026, restricted stock units and performance-based RSUs vested, resulting in the acquisition of 157,407 shares of Class A common stock through derivative exercises at a stated price of $0.00 per share.
To cover tax obligations, 80,089 shares were withheld at a settlement price based on the March 13, 2026 closing price of $2.08 per share. After these transactions, Kish directly held 248,315 shares of Class A common stock. The performance-based RSUs generally vest in three equal installments on the first three anniversaries of March 15, 2024, if specified stock price targets are achieved by March 15, 2029 and he remains in continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,518 | $0.00 | -- |
| Exercise | Restricted Stock Units | 138,889 | $0.00 | -- |
| Exercise | Class A Common Stock | 18,518 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 9,422 | $2.08 | $20K |
| Exercise | Class A Common Stock | 138,889 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 70,667 | $2.08 | $147K |
Footnotes (1)
- Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Class A common stock, $0.0001 par value ("Class A Common Stock"). On March 15, 2026, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on March 13, 2026 was the settlement price used to calculate the shares withheld. Performance-based restricted stock units ("PSUs") awarded under the Plan. Each PSU represents the contingent right to receive, upon vesting of the PSU, one share of Class A Common Stock. The PSUs generally vest in three equal installments on the first three anniversaries of March 15, 2024, provided that the applicable performance goal has been achieved by such date (and, if not, on the date the applicable performance goal is subsequently achieved), and subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche of PSUs will be satisfied if the Class A Common Stock achieves a specified per share price for such tranche calculated based on a 20-day volume-weighted average price at any time prior to March 15, 2029. The RSUs vest in three equal annual installments on each of the first three anniversaries of March 15, 2024, subject to the Reporting Person's continued employment through each vesting date.