101,010 RSUs granted to Keel Infrastructure (KEEL) director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Howlett Brian reported acquisition or exercise transactions in this Form 4 filing.

Keel Infrastructure Corp. director Brian Howlett received a grant of 101,010 restricted stock units on April 2, 2026 as equity compensation. Each RSU represents a contingent right to receive one common share or an equivalent cash amount at the company’s election. The RSUs will vest in full on April 2, 2027, and following this award Howlett holds 101,010 RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Howlett Brian

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	101,010	$0.00	--

Holdings After Transaction: Restricted Stock Units — 101,010 shares (Direct)

Footnotes (1)

Each restricted stock unit ("RSU") represents a contingent right to receive one common share or an equivalent value in cash at the issuer's election The RSUs will vest on the first year anniversary of the grant, on April 2, 2027.

Key Figures

RSUs granted: 101,010 units Underlying common stock: 101,010 shares Vesting date: April 2, 2027 +2 more

5 metrics

RSUs granted 101,010 units Restricted stock units granted on April 2, 2026

Underlying common stock 101,010 shares Each RSU equals one common share or cash

Vesting date April 2, 2027 RSUs fully vest on first anniversary of grant

Post-transaction RSU holdings 101,010 units Total restricted stock units held after award

Grant price $0.00 per unit Compensation grant, no cash paid by director

Key Terms

Restricted Stock Units, contingent right, vest, grant, award, or other acquisition

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

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.

contingent right financial

"represents a contingent right to receive one common share"

vest financial

"The RSUs will vest on the first year anniversary of the grant"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 04:51 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Howlett Brian

(Last)

(First)

(Middle)

120 BROADWAY

SUITE 1075

(Street)

NEW YORK

10004

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Keel Infrastructure Corp. [ KEEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/02/2026		A		101,010		⁽²⁾	⁽²⁾	Common Stock	101,010	$0	101,010	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one common share or an equivalent value in cash at the issuer's election

2. The RSUs will vest on the first year anniversary of the grant, on April 2, 2027.

	/s/ Rachel Silverstein, as attorney-in-fact	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Keel Infrastructure (KEEL) report for Brian Howlett?

Keel Infrastructure reported that director Brian Howlett was granted 101,010 restricted stock units on April 2, 2026. This is a compensation-related equity award, not an open-market share purchase or sale, and is recorded as a derivative security on the Form 4.

How many RSUs did Keel Infrastructure director Brian Howlett receive?

Brian Howlett received a grant of 101,010 restricted stock units from Keel Infrastructure. These RSUs give him a contingent right to future common shares or cash, subject to vesting conditions, and represent his entire reported derivative holding after this transaction.

When do Brian Howlett’s Keel Infrastructure RSUs vest?

The restricted stock units granted to Brian Howlett will vest on April 2, 2027, one year after the grant date. Vesting means the contingent rights become earned, allowing settlement in common shares or cash, depending on Keel Infrastructure’s election at that time.

What does each Keel Infrastructure RSU granted to Brian Howlett represent?

Each Keel Infrastructure restricted stock unit represents a contingent right to receive one common share or an equivalent value in cash. The company can choose whether to settle vested RSUs in stock or cash, giving flexibility in how compensation is ultimately delivered.

Is Brian Howlett’s Keel Infrastructure RSU grant a market purchase of shares?

No, the 101,010 restricted stock units are a grant classified as a “grant, award, or other acquisition,” not an open-market share purchase. They are a form of equity-based compensation that will vest in the future rather than an immediate cash outlay to buy stock.