Apogee Enterprises (APOG) director receives 63 deferred RSUs as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alvord Christina M reported acquisition or exercise transactions in this Form 4 filing.
APOGEE ENTERPRISES director Christina M. Alvord reported a routine equity compensation transaction. She received 63 deferred restricted stock units, each tied 1-for-1 to shares of common stock, as a grant under the 2019 Non-Employee Director Stock Plan, including units from a dividend equivalent reinvestment feature.
These deferred restricted stock units will be settled in common shares after she leaves the Board or upon other events specified in the plan. Following this award, she holds 13,343 deferred restricted stock units directly, reflecting ongoing non-cash, stock-based compensation rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Alvord Christina M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferrred Restricted Stock Units | 63 | $45.74 | $3K |
Holdings After Transaction:
Deferrred Restricted Stock Units — 13,343 shares (Direct, null)
Footnotes (1)
- The deferred restricted stock units were awarded under the 2019 Non-Employee Director Stock Plan. The deferred restricted stock units will be settled in shares of common stock following the director's termination from the Board in accordance with the election of the reporting person or following the occurance of other events specified in the Plan. Settled 1-for-1. Additional deferred restricted stock units acquired pursuant to a dividend equivalent reinvestment feature of the 2019 Non-Employee Director Stock Plan.
Key Figures
Deferred RSUs granted: 63 units
Implied stock reference price: $45.74 per unit
Holdings after grant: 13,343 deferred RSUs
+2 more
5 metrics
Deferred RSUs granted
63 units
Grant on 2026-06-30 under 2019 Non-Employee Director Stock Plan
Implied stock reference price
$45.74 per unit
Transaction price per deferred restricted stock unit
Holdings after grant
13,343 deferred RSUs
Total deferred restricted stock units following the transaction
Conversion ratio
1-for-1
Each deferred restricted stock unit settles into one common share
Exercise/Conversion price
$0.00
Deferred restricted stock units have no cash exercise price
Key Terms
deferred restricted stock units, 2019 Non-Employee Director Stock Plan, dividend equivalent reinvestment feature
3 terms
deferred restricted stock units financial
"The deferred restricted stock units were awarded under the 2019 Non-Employee Director Stock Plan."
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.
2019 Non-Employee Director Stock Plan financial
"The deferred restricted stock units were awarded under the 2019 Non-Employee Director Stock Plan."
dividend equivalent reinvestment feature financial
"Additional deferred restricted stock units acquired pursuant to a dividend equivalent reinvestment feature of the 2019 Non-Employee Director Stock Plan."
FAQ
What insider transaction did APOG director Christina M. Alvord report on this Form 4?
Christina M. Alvord reported receiving 63 deferred restricted stock units as equity compensation. The award was granted under Apogee Enterprises’ 2019 Non-Employee Director Stock Plan and reflects stock-based pay, not an open-market stock purchase or sale.
How many Apogee Enterprises (APOG) units does Christina Alvord hold after this Form 4?
After this transaction, Christina Alvord holds 13,343 deferred restricted stock units directly. These units represent future rights to receive Apogee common shares, providing ongoing equity exposure as part of her compensation for Board service.
What are deferred restricted stock units in the APOG Form 4 for Christina Alvord?
Deferred restricted stock units are rights to receive common stock in the future on a 1-for-1 basis. For Christina Alvord, these units are granted under the 2019 Non-Employee Director Stock Plan and settle in shares after Board service ends or other plan events occur.
What is the source of additional APOG deferred restricted stock units in this filing?
Additional deferred restricted stock units were acquired through a dividend equivalent reinvestment feature in the 2019 Non-Employee Director Stock Plan. This means dividends on underlying shares are reinvested into more units instead of being paid in cash.