BRC Inc. (BRCC) director Sean Moriarty receives 80,645 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MORIARTY SEAN P reported acquisition or exercise transactions in this Form 4 filing.
BRC Inc. director Sean P. Moriarty received a grant of 80,645 restricted stock units (RSUs) of Class A Common Stock as compensation. The award was made at no cash cost to him and is scheduled to vest on the first anniversary of the grant date.
Each RSU represents the right to receive one share of Class A Common Stock upon settlement for no consideration, so the grant increases his future equity-based incentive in the company. After this award, Moriarty holds 268,727 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MORIARTY SEAN P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 80,645 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 268,727 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 80,645 units
Shares after transaction: 268,727 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSUs granted
80,645 units
Restricted stock units of Class A Common Stock granted to director
Shares after transaction
268,727 shares
Total Class A Common Stock held directly after grant
Grant price per share
$0.00 per share
RSUs granted for no cash consideration
Vesting schedule
1-year cliff vest
RSUs vest on first anniversary of grant date
Key Terms
restricted stock units, 2022 Omnibus Incentive Plan, Class A Common Stock, grant, award, or other acquisition
4 terms
restricted stock units financial
"Represents an award of restricted stock units under the 2022 Omnibus Incentive Plan"
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
"award of restricted stock units under the 2022 Omnibus Incentive Plan of BRC Inc."
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did BRC Inc. (BRCC) director Sean P. Moriarty report in this Form 4?
Sean P. Moriarty reported receiving 80,645 restricted stock units of BRC Inc. Class A Common Stock. These equity awards were granted as compensation and do not involve an open-market stock purchase or sale.
What are the vesting terms of Sean P. Moriarty’s BRCC restricted stock units?
The 80,645 restricted stock units granted to Sean P. Moriarty vest on the first anniversary of the grant date. Vesting must occur before the units settle into Class A Common Stock that he actually receives.
What does each restricted stock unit granted to Sean P. Moriarty represent?
Each restricted stock unit represents a contingent right to receive one share of BRC Inc. Class A Common Stock upon settlement. The units convert into shares for no consideration once vesting conditions are satisfied.
Under which plan were Sean P. Moriarty’s BRCC restricted stock units granted?
The 80,645 restricted stock units were granted under BRC Inc.’s 2022 Omnibus Incentive Plan. This plan provides equity-based awards, such as RSUs, to align director and employee compensation with shareholder interests.