BRC Inc. (BRCC) director receives 80,645-share restricted stock award in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRC Inc. director Steven Taslitz reported an equity compensation grant and updated holdings. He received 80,645 shares of Class A Common Stock through an award of restricted stock units under the 2022 Omnibus Incentive Plan, with no cash paid for the shares.
The footnote states these restricted stock units vest on the first anniversary of the grant date, and each unit converts into one share of Class A Common Stock upon settlement. After this grant, Taslitz holds 681,829 shares directly and 2,036,203 shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Taslitz Steven
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 80,645 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 681,829 shares (Direct, null);
Class A Common Stock — 2,036,203 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 80,645 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 681,829 shares
+2 more
5 metrics
RSU grant size
80,645 shares
Restricted stock unit award of Class A Common Stock
Grant price per share
$0.0000 per share
Equity award delivered for no cash consideration
Direct holdings after grant
681,829 shares
Class A Common Stock held directly by Steven Taslitz
Indirect trust holdings
2,036,203 shares
Class A Common Stock held indirectly by trust
Vesting schedule
First anniversary of grant date
Restricted stock units vest one year after grant
Key Terms
restricted stock units, 2022 Omnibus Incentive Plan, contingent right, indirect ownership, +1 more
5 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."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
indirect ownership financial
"total_shares_following_transaction 2036203.0000, direct_or_indirect I, nature_of_ownership By Trust"
grant, award, or other acquisition financial
"transaction_code_description Grant, award, or other acquisition"
FAQ
What insider transaction did BRC Inc. (BRCC) director Steven Taslitz report?
Steven Taslitz reported receiving 80,645 shares of BRC Inc. Class A Common Stock as an equity award. The grant was in the form of restricted stock units that convert into shares for no cash consideration upon vesting and settlement.
When do Steven Taslitz’s BRC Inc. restricted stock units vest?
The restricted stock units vest on the first anniversary of the grant date. Only after this vesting date will the units be eligible to settle into shares of Class A Common Stock, according to the award’s footnote description.
Is the BRC Inc. (BRCC) Form 4 transaction a market purchase or a compensation grant?
It is a compensation-related grant, not a market purchase. The Form 4 describes the transaction as a grant or award acquisition of restricted stock units, delivered for no cash consideration under BRC Inc.’s 2022 Omnibus Incentive Plan.