BRC Inc. (NYSE: BRCC) CEO receives 859,107-share equity grant
Rhea-AI Filing Summary
BRC Inc. reported that President and CEO Christopher Mondzelewski acquired 859,107 shares of Class A Common Stock through a grant of restricted stock units under the company’s 2022 Omnibus Incentive Plan. These units were granted for no cash consideration as executive equity compensation.
The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date, as long as he continues to serve the company through each vesting date. Each unit entitles him to receive one share of Class A Common Stock upon settlement. Following this award, his directly held Class A Common Stock position reported in this filing is 1,440,167 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 859,107 shares
Net Buy
1 txn
Insider
Mondzelewski Christopher
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 859,107 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 1,440,167 shares (Direct)
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
What insider transaction did BRCC report for CEO Christopher Mondzelewski?
BRCC reported that CEO Christopher Mondzelewski acquired 859,107 shares via a grant of restricted stock units. The equity was awarded under BRC Inc.’s 2022 Omnibus Incentive Plan and did not involve any cash purchase, reflecting stock-based compensation rather than an open-market buy.
How do the 859,107 restricted stock units granted to BRCC’s CEO vest?
The 859,107 restricted stock units vest in three equal annual installments, starting on the first anniversary of the grant date. Vesting is conditioned on Christopher Mondzelewski’s continuous service with BRC Inc. through each vesting date, aligning his compensation with long-term employment and performance.
What does each restricted stock unit represent in the BRCC Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of BRC Inc.’s Class A Common Stock. Shares are delivered for no cash consideration when the units settle, meaning the CEO receives stock directly as compensation once vesting conditions are satisfied for each installment.
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