BRC Inc. counsel granted 171,821 stock units
BRC Inc. reported that its General Counsel & Corporate Secretary, Andrew J. McCormick, received an equity award classified as Class A Common Stock.
Rhea-AI Filing Summary
BRC Inc. reported that its General Counsel & Corporate Secretary, Andrew J. McCormick, received an equity award classified as Class A Common Stock. The filing shows an acquisition of 171,821 units at a price of $0.00 per share, bringing his directly owned total to 582,758 shares.
According to the footnote, this represents an award of restricted stock units under BRC Inc.’s 2022 Omnibus Incentive Plan. The units vest in three equal annual installments beginning on the first anniversary of the grant date, subject to his continuous service. Each restricted stock unit gives a contingent right to receive one share of Class A Common Stock upon settlement for no consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 171,821 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an award of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc. that vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continuous service to the Issuer on and through each applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration.
FAQ
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What insider transaction did BRCC report for Andrew J. McCormick?
What is the vesting schedule for Andrew J. McCormick’s BRCC restricted stock units?
What does each BRCC restricted stock unit granted to Andrew J. McCormick represent?
Under which plan were Andrew J. McCormick’s BRCC restricted stock units granted?
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