Maddox Nicola L 4

What Happened Nicola L. Maddox, a director of Epsilon Energy Ltd. (EPSN), received a grant of 13,598 shares represented by time‑based restricted stock units (RSUs) on 2026-01-22. The award was recorded as an acquisition at $0.00 per share (typical for RSU compensation), so no cash was exchanged.

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-23 (appears timely).
• Transaction type/code: Award/Grant (Code A).
• Shares granted: 13,598 RSUs; acquisition price reported as $0.00 per share.
• Vesting: Shares vest evenly over three years on 12/31/26, 12/31/27, and 12/31/28 (see footnote F1).
• Shares owned after the transaction: not reported in the provided filing details.
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in this filing.

Context RSU grants are common forms of executive and director compensation and vest over time; they do not represent an immediate market purchase or sale. Because these are time‑based awards that vest in future years, they generally reflect compensation alignment rather than an immediate bullish or bearish trading signal.