ACCESS Newswire (ACCS) director gets 4,386 RSUs vesting in 2027
Rhea-AI Filing Summary
Pollard Wesley T reported acquisition or exercise transactions in this Form 4 filing.
ACCESS Newswire Inc. director Wesley T. Pollard reported a new equity award and his updated shareholdings. He received a grant of 4,386 restricted stock units, each representing one share of common stock at no cost.
The new restricted stock units vest on the earlier of the company’s 2027 annual stockholders’ meeting or June 26, 2027, provided he remains on the Board. Any unvested units will fully vest upon a Change in Control under the 2023 Equity Incentive Plan. Following these transactions, he holds 14,330 shares of common stock, which include 2,554 restricted stock units that vested on June 13, 2026 and were previously reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pollard Wesley T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,386 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,386 shares (Direct);
Common Stock — 14,330 shares (Direct)
Footnotes (2)
- F1. Includes 2,554 restricted stock units which vested on June 13, 2026 and have been previously reported.
- F2. This restricted stock unit vests on the earlier of (i) the date of the Issuer's 2027 annual meeting of stockholders or (ii) June 26, 2027. In the event of a Change in Control (as defined in the Issuer's 2023 Equity Incentive Plan), the restricted stock units not previously vested shall immediately become vested. The Reporting Person must be a member of the Board of Directors as of the vesting date.
Key Figures
New RSU grant: 4,386 units
RSU price: $0.00 per unit
Underlying common shares: 4,386 shares
+3 more
6 metrics
New RSU grant
4,386 units
Restricted Stock Units granted to director on June 26, 2026
RSU price
$0.00 per unit
Grant/award acquisition of restricted stock units
Underlying common shares
4,386 shares
Common stock underlying newly granted restricted stock units
Total common shares held
14,330 shares
Common stock directly held after reported transactions
Previously vested RSUs
2,554 units
Restricted stock units vested on June 13, 2026 and included in holdings
RSU vesting date
June 26, 2027
Latest possible vesting date for newly granted restricted stock units
Key Terms
Restricted Stock Units, Change in Control, 2023 Equity Incentive Plan, Board of Directors
4 terms
Restricted Stock Units financial
"Includes 2,554 restricted stock units which vested on June 13, 2026 and have been previously reported."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Change in Control financial
"In the event of a Change in Control (as defined in the Issuer's 2023 Equity Incentive Plan), the restricted stock units not previously vested shall immediately become vested."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2023 Equity Incentive Plan financial
"Change in Control (as defined in the Issuer's 2023 Equity Incentive Plan), the restricted stock units not previously vested shall immediately become vested."
Board of Directors financial
"The Reporting Person must be a member of the Board of Directors as of the vesting date."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did ACCS director Wesley T. Pollard report?
Director Wesley T. Pollard reported receiving a grant of 4,386 restricted stock units tied to ACCESS Newswire Inc. common stock. The filing also updates his total common share holdings, including previously vested restricted stock units.
How many restricted stock units did ACCS grant to director Pollard?
ACCESS Newswire Inc. granted Wesley T. Pollard 4,386 restricted stock units with an exercise price of $0.00. Each unit represents one share of common stock, awarded as equity compensation rather than an open-market share purchase.
When do Wesley T. Pollard’s new ACCS restricted stock units vest?
The 4,386 restricted stock units vest on the earlier of the 2027 annual meeting of stockholders or June 26, 2027. Vesting requires Pollard to remain a member of the Board of Directors through the vesting date.
What happens to ACCS restricted stock units if there is a Change in Control?
If a Change in Control, as defined in the 2023 Equity Incentive Plan, occurs, any of Pollard’s restricted stock units that are not already vested will immediately vest. This acceleration applies while he continues to meet the plan’s conditions.
Are Pollard’s new ACCS restricted stock units an open-market purchase?
No. The 4,386 restricted stock units are a grant classified as a grant, award, or other acquisition. They have a stated price of $0.00 per unit and function as equity-based compensation rather than shares bought in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
