BRC Inc. (BRCC) director granted 80,645 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Welling Glenn W. reported acquisition or exercise transactions in this Form 4 filing.
BRC Inc. reported that director Glenn W. Welling received an award of 80,645 restricted stock units of Class A Common Stock at no cost under the company’s 2022 Omnibus Incentive Plan. These units vest on the first anniversary of the grant date, each settling into one share.
Following this award, Welling holds 335,736 Class A shares directly. Indirect holdings include 506,092 shares in the Welling Family Trust and 13,935,560 shares owned by Engaged Capital Flagship Master Fund, LP. The reporting persons may be deemed part of a Section 13(d) group that collectively beneficially owns more than 10% of BRC Inc.’s outstanding Class A stock, while disclaiming beneficial ownership beyond their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Welling Glenn W., Engaged Capital LLC, Engaged Capital Holdings, LLC, Engaged Capital Flagship Master Fund, LP
Role
null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 80,645 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 335,736 shares (Direct, null);
Class A Common Stock — 13,935,560 shares (Indirect, By: Engaged Capital Flagship Master Fund, LP)
Footnotes (1)
- This Form 4 is filed jointly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"), Engaged Capital, LLC ("Engaged Capital"), Engaged Capital Holdings, LLC ("Engaged Holdings") and Glenn W. Welling (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of BRC Inc.'s (the "Issuer") outstanding Class A Common Stock. Mr. Welling is a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. Represents an award of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc. that vest on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock upon settlement for no consideration. Securities owned directly by Engaged Capital Flagship Master. As the general partner and investment adviser of Engaged Capital Flagship Master, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Securities held in the Welling Family Trust. Mr. Welling, as Trustee of the Welling Family Trust, may be deemed to beneficially own the securities held in the Welling Family Trust.
Key Figures
Restricted stock units granted: 80,645 units
Grant price per share: $0.0000 per share
Direct holdings after grant: 335,736 shares
+3 more
6 metrics
Restricted stock units granted
80,645 units
Award to Glenn W. Welling at $0.0000 per share equivalent
Grant price per share
$0.0000 per share
Class A Common Stock award under 2022 Omnibus Incentive Plan
Direct holdings after grant
335,736 shares
Class A Common Stock held directly by Glenn W. Welling
Welling Family Trust holdings
506,092 shares
Class A Common Stock held indirectly via Welling Family Trust
Engaged Capital Flagship Master Fund holdings
13,935,560 shares
Class A Common Stock owned directly by Engaged Capital Flagship Master Fund, LP
Group beneficial ownership threshold
More than 10%
Section 13(d) group’s collective beneficial ownership of Class A stock
Key Terms
restricted stock units, 2022 Omnibus Incentive Plan, Section 13(d) group, beneficial ownership, +1 more
5 terms
restricted stock units financial
"Represents an award of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc."
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.
2022 Omnibus Incentive Plan financial
"Represents an award of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc."
Section 13(d) group regulatory
"may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10%"
beneficial ownership regulatory
"Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein"
