Abacus Global (ABX) president receives 211,742 performance RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abacus Global Management, Inc. reported that Co-Founder and President Sean McNealy acquired 211,742 shares of common stock through a compensation-related grant. The shares reflect restricted stock units that were originally granted on May 8, 2025 once performance conditions were met. The RSUs will vest in three equal annual installments from the grant date. Following this award, McNealy directly holds 12,676,712 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McNealy Sean
Role
Co-Founder and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 211,742 | $10.10 | $2.14M |
Holdings After Transaction:
Common Stock — 12,676,712 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Abacus Global Management (ABX) report?
Abacus Global Management reported that Co-Founder and President Sean McNealy received 211,742 shares of common stock as a compensation-related grant. These shares come from restricted stock units tied to performance goals that have now been satisfied.
Was the Abacus Global (ABX) Form 4 transaction an open-market purchase?
No, the Form 4 shows a grant of 211,742 shares, not an open-market purchase. The shares result from restricted stock units awarded as compensation once performance-based vesting criteria were achieved under a prior grant.
What are the vesting terms of Sean McNealy’s Abacus Global (ABX) RSUs?
The 211,742 restricted stock units were granted on May 8, 2025 with performance-based conditions. After those conditions were met, the RSUs vest in three equal installments, one-third on each of the first three anniversaries of the original grant date.
What does transaction code "A" mean in the Abacus Global (ABX) Form 4?
Transaction code "A" indicates a grant, award, or other acquisition of securities. In this case, it reflects Abacus Global’s issuance of 211,742 shares to Sean McNealy as a performance-based restricted stock unit award, rather than a market trade.