Array Digital (AD) CEO awarded 5,805 RSUs under long-term incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carlson Anthony J reported acquisition or exercise transactions in this Form 4 filing.
ARRAY DIGITAL INFRASTRUCTURE, INC. reported that President and CEO Anthony J. Carlson received a grant of 5,805 restricted stock units under the company’s Long-Term Incentive Plan. These RSUs represent the right to receive an equal number of common shares and will vest in three equal installments on the first, second, and third anniversaries of the grant date, aligning a portion of the CEO’s compensation with long-term shareholder value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carlson Anthony J
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,805 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,805 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ARRAY DIGITAL INFRASTRUCTURE (AD) report for its CEO?
ARRAY DIGITAL INFRASTRUCTURE reported that President and CEO Anthony J. Carlson received 5,805 restricted stock units as equity compensation. The award ties part of his pay to the company’s share performance over time through future vesting into common shares.
How many restricted stock units did the AD CEO receive in this Form 4?
The CEO received an award of 5,805 restricted stock units. Each unit represents the right to receive one common share, subject to vesting conditions, making this a non-cash, stock-based component of his overall compensation package at ARRAY DIGITAL INFRASTRUCTURE.
What is the vesting schedule for the 5,805 RSUs granted by ARRAY DIGITAL INFRASTRUCTURE?
The 5,805 restricted stock units will vest ratably over three years. They vest in equal installments on the first, second, and third anniversaries of the grant date, encouraging longer-term retention and alignment between the CEO and ARRAY DIGITAL INFRASTRUCTURE shareholders.
Was the CEO’s restricted stock unit grant in AD an open-market purchase or sale?
The transaction was a grant of restricted stock units, not an open-market trade. It is classified as an acquisition under a long-term incentive plan, awarded at no cash cost per unit, and functions as equity-based compensation rather than a buy or sell decision.
What type of security underlies the CEO’s restricted stock units at ARRAY DIGITAL INFRASTRUCTURE?
The restricted stock units are linked to ARRAY DIGITAL INFRASTRUCTURE common shares. Upon vesting, each of the 5,805 RSUs is convertible into one common share, subject to the vesting schedule and plan terms, thereby increasing the CEO’s direct equity stake over time.