BRC Inc. (NYSE: BRCC) awards 56,701 RSUs to accounting officer
Rhea-AI Filing Summary
BRC Inc. reported that Principal Accounting Officer Lee Robert Henry acquired 56,701 shares of Class A Common Stock through an award of restricted stock units under the company’s 2022 Omnibus Incentive Plan. The units vest in three equal annual installments beginning on the first anniversary of the grant date, conditioned on his continuous service.
Each restricted stock unit gives a contingent right to receive one share of Class A Common Stock upon settlement for no cash consideration. Following this grant, Henry directly holds 233,941 shares of BRC Inc. Class A Common Stock.
Positive
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Insider Trade Summary
Net Buyer: 56,701 shares
Net Buy
1 txn
Insider
Lee Robert Henry
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 56,701 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 233,941 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 BRC Inc. (BRCC) report for Lee Robert Henry?
BRC Inc. reported that Principal Accounting Officer Lee Robert Henry received an award of 56,701 restricted stock units of Class A Common Stock. These units were granted at no cash cost as part of the company’s 2022 Omnibus Incentive Plan for executive compensation.
How do the restricted stock units granted to BRCC’s Principal Accounting Officer vest?
The 56,701 restricted stock units granted to BRC Inc.’s Principal Accounting Officer vest in three equal annual installments. Vesting begins on the first anniversary of the grant date and requires his continuous service with the company through each scheduled vesting date.
What does each restricted stock unit represent in the BRC Inc. Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of BRC Inc.’s Class A Common Stock upon settlement. The settlement occurs for no consideration, meaning the executive does not pay cash when the units convert into shares.
Under which plan were the restricted stock units for BRCC’s executive granted?
The restricted stock units reported for BRC Inc.’s Principal Accounting Officer were granted under the company’s 2022 Omnibus Incentive Plan. This plan provides equity-based awards, such as restricted stock units, to align executive compensation with the company’s Class A Common Stock performance.
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