Birks Group (BGI) director reports 75,904 share-linked DSUs on Form 3
Rhea-AI Filing Summary
Birks Group Inc. director Emilio Benedetto Imbriglio reported his existing equity-linked holdings on a Form 3. He holds cash-settled Deferred Share Units (DSUs) tied to 75,904 underlying Class A voting shares. These DSUs are settled in cash, not stock, based on the share price at his board departure date.
The DSUs are designed to pay out after his departure from the board, with the cash value calculated as the stock price on the departure date multiplied by the number of DSUs. The filing does not reflect any new share purchases or sales, but rather discloses his current deferred compensation-linked position.
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FAQ
What does Emilio Benedetto Imbriglio report in his Birks Group (BGI) Form 3?
Emilio Benedetto Imbriglio reports his existing holdings of cash-settled Deferred Share Units (DSUs) tied to 75,904 underlying Class A voting shares. This Form 3 is an initial ownership statement, not a record of new share purchases or sales.
How many shares are linked to the DSUs reported by the Birks Group (BGI) director?
The DSUs reported by the director are linked to 75,904 underlying Class A voting shares. These units reference the value of Birks Group shares but are settled in cash instead of delivering actual shares to the reporting person.
Are the Deferred Share Units (DSUs) in the Birks Group (BGI) Form 3 settled in stock or cash?
The Deferred Share Units are cash-settled. Upon payout, the reporting person receives a cash amount equal to the value of the stock price on the departure date multiplied by the number of DSUs, rather than receiving company shares.
When are the Birks Group (BGI) DSUs reported by the director expected to be paid out?
The DSUs are structured to be paid after the director’s departure from the Board, with a reference in the footnotes to December 31 of the year after departure as a key timing point for the cash settlement calculation.
Does the Birks Group (BGI) Form 3 show any insider buying or selling of shares?
No, this Form 3 does not show new share purchases or sales. It discloses the director’s existing DSU holdings, which are a form of deferred, cash-settled compensation tied to the company’s Class A voting share price.
What is the economic value basis of the DSUs reported in the Birks Group (BGI) Form 3?
The DSUs provide cash value equal to the stock price on the departure date multiplied by the number of DSUs. This links the director’s deferred compensation to Birks Group’s share performance at the time he leaves the board.