ARKO Corp. (ARKO) director receives grant of 21,262 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Edmiston Sherman III reported acquisition or exercise transactions in this Form 4 filing.
ARKO Corp. director Sherman Edmiston III received a grant of 21,262 restricted stock units (RSUs), each representing the right to one share of common stock. The RSUs are immediately vested and will settle in shares when his service ends or if there is a change of control. After this award, he holds 120,070 underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Edmiston Sherman III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 21,262 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 120,070 shares (Direct, null)
Footnotes (1)
- Restricted stock units ("RSUs") provide for the right to receive one share of common stock, $0.0001 par value per share ("common stock"), of ARKO Corp. (the "Company") on a one-for-one basis. The RSUs are immediately vested and provide for the right to receive one share of common stock upon the earlier of (i) the date on which the reporting person's service with the Company is terminated (for whatever reason) and (ii) the date of a change of control of the Company.
Key Figures
RSUs granted: 21,262 units
Shares after transaction: 120,070 shares
Par value per share: $0.0001 per share
+1 more
4 metrics
RSUs granted
21,262 units
Restricted stock unit award to director on June 4, 2026
Shares after transaction
120,070 shares
Total underlying common shares following RSU grant
Par value per share
$0.0001 per share
Common stock par value referenced in RSU terms
Conversion ratio
1 RSU : 1 share
Each RSU provides the right to one common share
Key Terms
Restricted Stock Units, change of control, par value
3 terms
Restricted Stock Units financial
"Restricted stock units ("RSUs") provide for the right to receive one share of 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.
change of control financial
"upon the earlier of ... termination ... and the date of a change of control of the Company"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
par value financial
"one share of common stock, $0.0001 par value per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What insider transaction did ARKO (ARKO) report for Sherman Edmiston III?
ARKO reported that director Sherman Edmiston III received a grant of 21,262 restricted stock units. Each unit represents one share of common stock as part of his equity compensation, rather than an open-market stock purchase or sale.
How many ARKO restricted stock units were granted in this Form 4 filing?
The filing shows a grant of 21,262 restricted stock units to director Sherman Edmiston III. These RSUs are immediately vested and will convert into common shares later, providing stock-based compensation linked directly to ARKO’s common equity.
When do Sherman Edmiston III’s ARKO RSUs convert into common stock?
The RSUs convert into one share of ARKO common stock per unit at the earlier of his service termination or a change of control. This means he receives actual shares only upon leaving the board or if the company undergoes a qualifying transaction.
Are the ARKO RSUs granted to Sherman Edmiston III immediately vested?
Yes, the restricted stock units granted to Sherman Edmiston III are immediately vested. Although vested now, settlement into common shares occurs later, either when his service ends or upon a defined change of control event at ARKO Corp.
Did Sherman Edmiston III buy or sell ARKO stock in the market?
No open-market buy or sell occurred; the Form 4 reports a compensation-related RSU grant. The transaction is coded “A” for grant or award, meaning he acquired units from the company rather than trading ARKO shares on the open market.