Greenidge (NASDAQ: GREE) president awarded RSUs, shares withheld for taxes
Rhea-AI Filing Summary
Greenidge Generation Holdings Inc. President Dale Irwin reported routine equity compensation activity involving Class A Common Stock. On March 4, 2026, he received a grant of 110,000 restricted stock units as bonus compensation for fiscal year 2025, which vested immediately and converted into shares. On March 11, 2026, 39,655 shares were withheld at $1.38 per share to cover his tax liability related to this vesting, a non-discretionary tax-withholding disposition rather than an open-market sale. After these transactions, he directly held 173,630 shares of Class A Common Stock. The filing notes it was submitted late due to an administrative oversight tied to migration to a new employee stock administration platform, and states this delay was not the result of any error by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 39,655 | $1.38 | $55K |
| Grant/Award | Class A Common Stock | 110,000 | $0.00 | -- |
Footnotes (1)
- This Form 4 is being filed late due to an inadvertent administrative oversight related to the Issuer's migration to a new employee stock administration platform, which delayed the timely reporting of the transaction and was not the result of any error by the Reporting Person. Represents restricted stock units granted as bonus compensation for fiscal year 2025 pursuant to the Issuer's Third Amended and Restated 2021 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock and vested immediately. Represents the number of shares withheld to cover the Reporting Person's tax liability in connection with the vesting of certain restricted stock units and does not represent a discretionary sale by the Reporting Person.