Sunrun (RUN) corrects CFO’s 150,454 performance-based RSU certification
Rhea-AI Filing Summary
Sunrun Inc. Chief Financial Officer Danny Abajian reported an amended Form 4 reflecting the certification of 150,454 performance-based restricted stock units (PRSUs), each representing a right to receive one share of common stock. The performance criteria for this 2024 grant were certified as attained on February 27, 2026.
According to the filing, 100% of the 150,454 PRSUs will vest into shares on April 6, 2026, subject to Abajian’s continued service through that date. Following this acquisition entry, his direct holdings total 579,982 shares of common stock, which include 562,561 restricted stock units that remain subject to forfeiture until they vest.
The amendment clarifies that a prior Form 4 filed on March 3, 2026 used an incorrect PRSU figure; this filing corrects the certified amount to 150,454 PRSUs and states there are no other changes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 150,454 | $0.00 | -- |
Footnotes (1)
- On May 29, 2024, the Reporting Person was granted PRSUs. Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The Compensation Committee of the Issuer's Board of Directors certifies attainment based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met and 150,454 PRSUs were certified as attained on February 27, 2026. 100% of the PRSUs shall vest and become shares of the Issuer's Common Stock on April 6, 2026, subject to the Reporting Person's continued service through the vesting date. Due to an administrative error, the Form 4 filed on March 3, 2026 included an incorrect figure for the number of PRSUs certified. As reported in this amendment, the number of PRSUs certified was 150,454. There are no other changes reported in this amendment. Shares held following the reported transactions include 562,561 restricted stock units, which are subject to forfeiture until they vest.