NFE’s CEO Wesley R. Edens indirectly acquired equity and preferred interests tied to a major restructuring of the company’s funded debt.
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Rhea-AI Filing Summary
New Fortress Energy Inc. (NFE) reported that Chief Executive Officer and director Wesley R. Edens, through Edens Family Partners LLC, indirectly acquired Class A common stock and Series A Mandatorily Convertible Preferred Stock on September 11, 2026. The awards and purchases occurred in connection with a corporate and debt restructuring, and the filing reports additional indirect holdings through a related trust.
Insider Trade Summary
Footnotes (4)
- F1. On September 11, 2026, in connection with the Issuer's corporate and organizational restructuring and a financial restructuring of the Issuer's principal funded debt obligations (the "Restructuring Transaction"), the reporting person acquired from the Issuer (i) 208,588 shares of Class A common stock ("Class A Shares") and (ii) 48,288 shares of the Issuer's Series A Mandatorily Convertible Preferred Stock ("Preferred Shares") as a pro rata portion of the consideration received by the lenders under the loans issued pursuant to the Issuer's Term Loan A Credit Agreement, by virtue of the reporting person's ownership of $110 million aggregate principal amount of the loans thereof.
- F2. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- F3. Upon consummation of the Restructuring Transaction, the reporting person purchased from certain of the Issuer's existing creditors (i) 28,313 Class A Shares and (ii) 6,671 Preferred Shares for an aggregate consideration of $1,667,985.02.
- F4. Unless redeemed earlier by the Issuer, Preferred Shares will be automatically converted on the third anniversary of the closing of the Restructuring Transaction into 46.441271 Class A Shares (subject to adjustment) per Preferred Share.
Key Figures
Key Terms
Series A Mandatorily Convertible Preferred Stock financial
Restructuring Transaction financial
aggregate principal amount financial
automatically converted financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity did NFE CEO Wesley R. Edens receive in the restructuring?
What additional NFE securities did Wesley R. Edens purchase on September 11, 2026?
How will NFE’s Series A Mandatorily Convertible Preferred Stock convert into common stock?
What indirect NFE holdings are reported for Wesley R. Edens via trusts or entities?
Were Wesley R. Edens’s NFE transactions made under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.