Director Mark Blaufuss receives 2,297 RSUs at Blue Bird (NASDAQ: BLBD)
Rhea-AI Filing Summary
Blaufuss Mark reported acquisition or exercise transactions in this Form 4 filing.
Blue Bird Corp director Mark Blaufuss received an equity grant of 2,297 restricted stock units (RSUs). Each RSU represents the right to receive one share of Blue Bird common stock if vesting conditions are met, so this is a stock-based compensation award rather than a cash transaction.
The RSUs are scheduled to vest on March 31, 2027, with accelerated vesting if there is a change in control of the company or if his service ends due to death, disability, or completion of his board term. Shares will be issued upon vesting and the earlier of meeting minimum stock ownership guidelines, ending board service, or a change in control. Following this grant, Blaufuss directly holds 10,334 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share | 2,297 | $0.00 | -- |
Footnotes (1)
- The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation. The RSUs will vest on March 31, 2027; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company or if the reporting person's service terminates due to death, disability or due to completion of the reporting person's term of office as a director. Shares of common stock will be issued in settlement of the RSUs upon vesting and the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines, termination of service as a director or a change in control event.