Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell recently completed a sale of shares of the company, according to the latest SEC filings. On May 31, 2024, Powell sold a total of 1,741 shares of common stock at prices between $14.83 and $14.865, with a weighted average price of $14.8622 per share. The total value of the shares sold was approximately $25,875.
The transaction was made to cover tax obligations related to the liquidation of vested restricted stock units, as noted in the footnotes of the SEC filing. This is a common practice in which executives sell a portion of their shares to satisfy tax obligations arising from the vesting of restricted stock units.
Following the sale, Powell still holds a substantial position in the company, with 589,927 shares of Sunrun Inc. still in his possession. It’s worth noting that this figure includes 432,483 restricted stock units, which are still subject to vesting conditions.
Investors often track insider transactions like these to understand management’s confidence in the company’s prospects. Sunrun Inc. is a leading provider of residential solar panels and home batteries and is at the forefront of clean energy, so executives’ trading activity is being closely watched.
For further details on the transaction, interested parties are encouraged to consult the complete disclosures contained in the Form 4 filed with the SEC.
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