Adamas Trust director awarded 14,238 DSUs
Pendergast Lisa A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Pendergast Lisa A reported acquisition or exercise transactions in this Form 4 filing.
ADAMAS TRUST, INC. director Lisa A. Pendergast received a grant of 14,238 Deferred Stock Units (DSUs) under the company’s 2017 Equity Incentive Plan. Each DSU is payable in one share of common stock.
The DSUs vest on the day immediately before the company’s next annual stockholder meeting in the following calendar year, provided she continues serving the company through that date. After this award, she holds 51,378 DSUs. Settlement of the vested DSUs has been deferred until a Change in Control as defined in the plan.
Insider Trade Summary
Grant/Award: 14,238 shares
Grant/Award
1 txn
Insider
Pendergast Lisa A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 14,238 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 51,378 contracts (Direct)
Footnotes (1)
- F1. Represents an award of deferred stock units ("DSUs") granted to the Reporting Person pursuant to the Adamas Trust, Inc. 2017 Equity Incentive Plan, as amended from time to time (the "Plan"), that may be settled only for shares of common stock on a one-for-one basis. The DSUs will vest on the day immediately preceding the date of the Issuer's annual meeting of stockholders that occurs in the calendar year immediately following the calendar year in which the date of grant occurs, so long as the Reporting Person continuously provides services to the Issuer through such vesting date. Pursuant to the Reporting Person's election under the award agreement, settlement of the vested DSUs has been deferred until the date of a Change in Control (as defined in the Plan).
Key Figures
Deferred Stock Units granted: 14,238 units
Total DSUs after grant: 51,378 units
Grant price per unit: $0.00
+2 more
5 metrics
Deferred Stock Units granted
14,238 units
Award on 2026-06-19 under 2017 Equity Incentive Plan
Total DSUs after grant
51,378 units
Holdings following this Form 4 transaction
Grant price per unit
$0.00
Deferred Stock Units awarded as director compensation
Conversion ratio
1 unit : 1 share
Each DSU may be settled for one common share
Vesting trigger
Pre-annual meeting date
Vests day before next annual meeting in following calendar year
Key Terms
Deferred Stock Units, 2017 Equity Incentive Plan, Change in Control, annual meeting of stockholders
4 terms
Deferred Stock Units financial
"Represents an award of deferred stock units ("DSUs") granted to the Reporting Person"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2017 Equity Incentive Plan financial
"granted to the Reporting Person pursuant to the Adamas Trust, Inc. 2017 Equity Incentive Plan"
Change in Control financial
"settlement of the vested DSUs has been deferred until the date of a Change in Control"
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.
annual meeting of stockholders regulatory
"vest on the day immediately preceding the date of the Issuer's annual meeting of stockholders"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ADAMAS TRUST (ADAM) report for Lisa A. Pendergast?
ADAMAS TRUST reported that director Lisa A. Pendergast received an award of 14,238 Deferred Stock Units as compensation. These units were granted under the company’s 2017 Equity Incentive Plan and are settled in common stock on a one-for-one basis when distributed.
How many Deferred Stock Units did the ADAMAS TRUST (ADAM) director receive?
Lisa A. Pendergast received 14,238 Deferred Stock Units in this Form 4 filing. Following this grant, her total Deferred Stock Unit holdings increased to 51,378 units, all of which may ultimately be settled in shares of common stock on a one-for-one basis.
What are the vesting terms of the ADAMAS TRUST (ADAM) Deferred Stock Units?
The Deferred Stock Units vest the day immediately before the company’s annual stockholder meeting held in the calendar year after the grant year. Vesting requires that Lisa A. Pendergast continuously provide services to ADAMAS TRUST through that vesting date, according to the plan terms.
Does the ADAMAS TRUST (ADAM) Form 4 indicate any open-market buying or selling?
The Form 4 reflects a grant of Deferred Stock Units to director Lisa A. Pendergast, not an open-market trade. The units were awarded at a stated price of $0.00 per unit as part of compensation under the company’s equity incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
