Abacus Global (ABX) CEO receives 730,144 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abacus Global Management, Inc. reported that Chief Executive Officer Jackson Jay J acquired 730,144 shares of Common Stock through the vesting of previously granted Restricted Stock Units. These RSUs were granted on May 8, 2025 with performance-based criteria that have now been satisfied.
The RSUs vest in three equal installments, with one-third of the amount that met the performance criteria vesting on each of the first three anniversaries of the grant date. Following this equity award, Jackson Jay J holds a total of 10,689,200 shares of Common Stock directly, highlighting a large ongoing ownership stake aligned with shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jackson Jay J
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 730,144 | $10.10 | $7.37M |
Holdings After Transaction:
Common Stock — 10,689,200 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Abacus Global (ABX) disclose in this Form 4?
Abacus Global disclosed that CEO Jackson Jay J acquired 730,144 shares of Common Stock through a grant of Restricted Stock Units. These units were tied to performance-based criteria that have now been satisfied, turning the award into actual share ownership over time.
What is the vesting schedule for the Abacus Global (ABX) CEO’s new RSUs?
The 730,144 performance-based RSUs vest in three equal installments. One-third of the RSUs that met the performance criteria vests on each of the first three anniversaries of the original grant date of May 8, 2025, creating a multi-year retention incentive.
What are the Abacus Global (ABX) CEO’s holdings after this RSU award?
After this RSU-related acquisition, the CEO directly holds 10,689,200 shares of Abacus Global Common Stock. This substantial direct ownership stake suggests a strong alignment between the executive’s personal financial interests and the long-term performance of the company.
When were the Abacus Global (ABX) performance-based RSUs originally granted?
The 730,144 Restricted Stock Units were originally granted on May 8, 2025, subject to performance-based vesting criteria. Those performance conditions have now been satisfied, allowing the RSUs to vest over a three-year schedule tied to anniversaries of the initial grant date.