ADAMAS director granted 14,238 deferred stock units
Norcutt Steven G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Norcutt Steven G reported acquisition or exercise transactions in this Form 4 filing.
ADAMAS TRUST, INC. director Steven G. Norcutt received a grant of deferred stock units as equity compensation. He was awarded 14,238 deferred stock units that may be settled one-for-one in common shares. These units vest immediately before the issuer’s next annual stockholder meeting in the following calendar year, provided he continues serving the company until that date. After this grant, he holds 51,378 deferred stock units in total. Settlement of the vested units has been deferred until the date of a Change in Control, as defined in the company’s 2017 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 14,238 shares
Grant/Award
1 txn
Insider
Norcutt Steven G
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
Deferred stock units after grant: 51,378 units
Transaction price per unit: $0.00 per unit
+1 more
4 metrics
Deferred stock units granted
14,238 units
Award of DSUs to director on grant date
Deferred stock units after grant
51,378 units
Total DSUs held following transaction
Transaction price per unit
$0.00 per unit
Compensation grant, not open-market purchase
Underlying common shares
14,238 shares
Common stock issuable one-for-one upon settlement
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
"pursuant to the Adamas Trust, Inc. 2017 Equity Incentive Plan, as amended"
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 financial
"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 ADAM director Steven G. Norcutt report?
Director Steven G. Norcutt reported receiving 14,238 deferred stock units as equity compensation. These units are tied to ADAM common stock and increase his total deferred stock unit holdings to 51,378, aligning his interests more closely with long-term shareholder value.
How many deferred stock units does Steven G. Norcutt now hold in ADAM?
Following the latest award, Steven G. Norcutt holds 51,378 deferred stock units. Each unit is linked to one share of ADAM common stock, giving him a sizable equity-based interest that vests and settles under the company’s specified plan rules.
When do Steven G. Norcutt’s new ADAM deferred stock units vest?
The 14,238 newly granted deferred stock units vest the day immediately before ADAM’s next annual stockholder meeting in the following calendar year. Vesting requires that Norcutt continuously provide services to the company through that date under the plan terms.
How are the ADAM deferred stock units from this grant settled?
The deferred stock units may be settled only in ADAM common stock on a one-for-one basis. Under Norcutt’s election, settlement of the vested units is deferred until a Change in Control occurs, as defined in the company’s 2017 Equity Incentive Plan.
Is Steven G. Norcutt’s ADAM transaction an open-market stock purchase or sale?
The transaction is a grant of 14,238 deferred stock units, not an open-market trade. It is classified as a compensation-related award, with no cash price per unit, and follows the vesting and settlement conditions of ADAM’s 2017 Equity Incentive Plan.
What plan governs Steven G. Norcutt’s new ADAM deferred stock unit award?
The award was granted under the Adamas Trust, Inc. 2017 Equity Incentive Plan, as amended. This plan sets the terms for vesting, the one-for-one stock settlement feature, and the Change in Control condition that triggers settlement of the vested deferred stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
