Archer Aviation (ACHR) director Diaz exercises RSUs and receives 40,983 deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Aviation Inc. director Fred M. Diaz reported equity compensation activity involving restricted stock units and Class A Common Stock. He exercised 19,102 Restricted Stock Units into an equal number of Class A shares, bringing his direct holdings of Class A Common Stock to 126,457 shares.
Diaz also received a grant of 40,983 Deferred Restricted Stock Units, each representing a right to receive one Class A share if service-based vesting conditions are met. The footnotes explain that these awards generally vest on the earlier of the one-year anniversary of the grant date or the company’s specified future annual stockholders’ meetings, and deferred units are scheduled to settle in shares on the tenth anniversary of the grant date, subject to earlier settlement upon certain events.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,102 shares exercised/converted
Mixed
3 txns
Insider
Diaz Fred M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19,102 | $0.00 | -- |
| Grant/Award | Deferred Restricted Stock Units | 40,983 | $0.00 | -- |
| Exercise | Class A Common Stock | 19,102 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Deferred Restricted Stock Units — 40,983 shares (Direct, null);
Class A Common Stock — 126,457 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the reporting person's continued service to the Issuer on the applicable vesting date. The entire award vested or vests on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2026 annual stockholders' meeting. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. All of the restricted stock units vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2027 annual stockholders' meeting. On the vesting date, pursuant to the reporting person's election, the restricted stock units will automatically convert into an equal number of deferred stock units, which will be settled for an equal number of shares of the Issuer's Class A Common Stock on the tenth anniversary of the grant date. Notwithstanding the aforementioned deferral period, from and after the vesting date, the deferred stock units may automatically settle earlier upon the reporting person's death, disability, or separation from service with the Issuer, or upon the occurrence of an "unforeseeable emergency," as that term is defined under the deferred compensation program. The deferred restricted stock units do not expire; they either will vest on the vesting date and settle for shares at the end of the deferral period or they will be cancelled prior to the vesting date in the event the reporting person ceases to provide services to the Issuer.
Key Figures
RSUs exercised: 19,102 units
Common shares held: 126,457 shares
Deferred RSUs granted: 40,983 units
+2 more
5 metrics
RSUs exercised
19,102 units
Restricted Stock Units converting into Class A Common Stock
Common shares held
126,457 shares
Class A Common Stock held directly after transactions
Deferred RSUs granted
40,983 units
Deferred Restricted Stock Units tied to Class A shares
Exercise price per RSU
$0.00 per unit
Price per unit for RSU exercises and grants
Exercise transactions
1 exercise, 19,102 shares
Aggregate derivative exercise activity in transaction summary
Key Terms
Deferred Restricted Stock Units, Restricted Stock Units, deferral period, unforeseeable emergency, +1 more
5 terms
Deferred Restricted Stock Units financial
"The deferred restricted stock units do not expire; they either will vest on the vesting date and settle for shares at the end of the deferral period..."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock..."
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.
deferral period financial
"…settled for an equal number of shares of the Issuer's Class A Common Stock on the tenth anniversary of the grant date… at the end of the deferral period…"
unforeseeable emergency financial
"…upon the occurrence of an "unforeseeable emergency," as that term is defined under the deferred compensation program."
deferred compensation program financial
"…"unforeseeable emergency," as that term is defined under the deferred compensation program."
FAQ
What insider transactions did Archer Aviation (ACHR) director Fred M. Diaz report?
Fred M. Diaz reported equity compensation-related transactions, not open-market trades. He exercised 19,102 Restricted Stock Units into Class A Common Stock and received 40,983 Deferred Restricted Stock Units, all at a stated price of $0.00 per unit, reflecting routine compensation mechanics rather than cash purchases or sales.
What are the key terms of Fred M. Diaz’s Deferred Restricted Stock Units at Archer Aviation (ACHR)?
The Deferred Restricted Stock Units represent rights to receive Class A shares if vesting conditions are met. They generally vest on the earlier of one year from grant or a specified future annual stockholders’ meeting, then are scheduled to settle in shares on the tenth anniversary, with earlier settlement possible upon certain separation or hardship events.
Did Fred M. Diaz buy or sell Archer Aviation (ACHR) stock in the open market?
The filing does not show open-market purchases or sales. All reported transactions are classified as equity award activities: an exercise or conversion of Restricted Stock Units into 19,102 Class A shares and a grant of 40,983 Deferred Restricted Stock Units, both at a price per unit of $0.00.
How do the Archer Aviation (ACHR) Restricted Stock Units for Fred M. Diaz vest and settle?
Restricted Stock Units vest based on continued service and specified dates. They vest on the earlier of the one-year anniversary of the grant date or the company’s designated annual stockholders’ meeting, then convert into an equal number of Class A shares, with deferred units settling later according to the deferred compensation program.
What happens to Fred M. Diaz’s Archer Aviation (ACHR) deferred units upon certain life events?
Deferred Restricted Stock Units may settle earlier upon specific events. Although scheduled to settle in shares on the tenth anniversary of the grant date, settlement can occur sooner if Diaz dies, becomes disabled, separates from service with the company, or experiences an "unforeseeable emergency" under the deferred compensation program.