BRC Inc. CEO granted 859,107 restricted stock units
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 859,107 | $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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BRCC report for CEO Christopher Mondzelewski?
How do the 859,107 restricted stock units granted to BRCC’s CEO vest?
What does each restricted stock unit represent in the BRCC Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.