Robert E. Rasmus - Aug 1, 2024 Form 4 Insider Report for Arq, Inc. (ARQ)

Role
Chief Executive Officer, Director
Signature
/s/ Robert E. Rasmus
Stock symbol
ARQ
Transactions as of
Aug 1, 2024
Transactions value $
$0
Form type
4
Date filed
8/5/2024, 06:45 PM
Previous filing
Jul 19, 2023
Next filing
Sep 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARQ Common Stock Award $0 +3.57K +0.85% $0.00 426K Aug 1, 2024 Direct F1
holding ARQ Common Stock 528K Aug 1, 2024 By RER Legacy Investments II LLC. F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARQ Performance Share Units Award $0 +3.57K $0.00 3.57K Aug 1, 2024 Common Stock 7.14K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted in accordance with the Issuer's long-term incentive plan under the 2024 Omnibus Incentive Plan, as approved by stockholders on June 10, 2024.
F2 The shares of Common Stock reported on this row are held by RER Legacy Investments II LLC ("RER Legacy"). Mr. Rasmus is the ultimate control person of RER Legacy, and an indirect beneficial owner of these shares. Mr. Rasmus disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F3 Each Performance Share Unit ("PSU") represents a contingent right to receive one share of the Company's common stock upon vesting of the PSU, which will occur, if at all, no later than March 10, 2027 subject to the reporting person's continuous service with the Company or its related entities and the achievement of certain pre-established goals to be measured as of December 31, 2026.
F4 Represents the maximum number of PSUs that will vest, if at all, which is 200% of the target award.