ProCap Financial (BRR) CLO awarded 629,771 RSUs after correction
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Cormier Renae Terese reported acquisition or exercise transactions in this Form 4 filing.
ProCap Financial, Inc. reported that Chief Legal Officer Renae Terese Cormier received a grant and settlement of 629,771 restricted stock units (RSUs) into common stock on March 23, 2026. Of these, 157,443 RSUs are fully vested, and 427,328 RSUs will vest in quarterly installments through December 1, 2026. This Form 4 amendment corrects an administrative error in the originally reported number of RSUs granted.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cormier Renae Terese
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 | 629,771 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 629,771 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 629,771 RSUs
Immediately vested RSUs: 157,443 RSUs
Unvested RSUs: 427,328 RSUs
+5 more
8 metrics
RSUs granted
629,771 RSUs
Grant and settlement on March 23, 2026
Immediately vested RSUs
157,443 RSUs
Fully vested portion of the award
Unvested RSUs
427,328 RSUs
To vest in future quarterly installments
Future vesting June 1, 2026
157,443 RSUs
Scheduled vesting tranche
Future vesting September 1, 2026
157,443 RSUs
Scheduled vesting tranche
Future vesting December 1, 2026
157,442 RSUs
Final scheduled vesting tranche
Shares after transaction
629,771 shares
Total common shares held following the transaction
Transaction price per share
0.0000
RSU grant with no exercise price
Key Terms
restricted stock units ("RSUs"), vesting, Form 4 amendment, administrative error
4 terms
restricted stock units ("RSUs") financial
"Represents the settlement of restricted stock units ("RSUs") into shares of common stock upon vesting."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting financial
"Of the 629,771 RSUs reported, 157,443 are fully vested and the remaining 427,328 RSUs will vest in quarterly installments."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 amendment regulatory
"The original Form 4, filed on March 25, 2026, is being amended by this Form 4 amendment solely to correct an administrative error."
administrative error regulatory
"This Form 4 amendment solely to correct an administrative error regarding the number of RSUs granted."
FAQ
What insider equity award did ProCap Financial (BRR) disclose for its CLO?
ProCap Financial disclosed a 629,771 RSU award for Chief Legal Officer Renae Terese Cormier. The RSUs were settled into common stock, with a portion vesting immediately and the remainder subject to a defined vesting schedule through late 2026.
How many ProCap Financial (BRR) RSUs vested immediately for the CLO?
157,443 RSUs vested immediately for Chief Legal Officer Renae Terese Cormier. These units converted into common shares upon vesting, while the balance continues to vest over time under the company’s quarterly vesting schedule described in the filing.
What is the vesting schedule for the remaining ProCap Financial (BRR) RSUs?
427,328 RSUs vest in quarterly installments for the CLO. The schedule includes 157,443 RSUs vesting on June 1, 2026, 157,443 RSUs on September 1, 2026, and 157,442 RSUs on December 1, 2026, subject to standard vesting conditions.
Why did ProCap Financial (BRR) file an amended Form 4/A for this grant?
The company filed a Form 4/A to correct an administrative error in the number of RSUs originally reported. The amendment clarifies the accurate total of 629,771 RSUs and the related vesting details for the Chief Legal Officer’s equity award.
Does the ProCap Financial (BRR) RSU grant involve any exercise price?
The reported RSU grant has no exercise price, with the transaction price per share shown as 0.0000. RSUs typically convert into common stock upon vesting without a purchase requirement, aligning with the details disclosed for this award.