Director Carl Russo (NYSE: CALX) receives 4,967 Calix RSUs
Rhea-AI Filing Summary
Russo Carl reported acquisition or exercise transactions in this Form 4 filing.
CALIX, INC director Carl Russo reported an equity grant of 4,967 restricted stock units (RSUs), each convertible into one share of common stock. The RSUs were awarded under the company’s non-employee director equity compensation policy and will vest in full one day before the next annual stockholder meeting.
After this award, Russo’s direct holdings total 3,958,037 shares, which include the 4,967 unvested RSUs. The filing also lists 1,644,188 shares held by Equanimous Investments and 13,782 shares held by The Crescentico Trust, entities associated with Russo where he has roles but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,967 shares
Net Buy
3 txns
Insider
Russo Carl
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,967 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,958,037 shares (Direct);
Common Stock — 1,657,970 shares (Indirect, See Footnote)
Footnotes (4)
- F1. Represents a grant of restricted stock units ("RSUs") awarded pursuant to the issuer's non-employee director equity compensation policy, that will vest in full one day prior to the issuer's next annual stockholder meeting. Each RSU represents a contingent right to receive one share of the issuer's common stock.
- F2. Amount of securities beneficially owned includes 4,967 unvested RSUs.
- F3. Shares held by Equanimous Investments. The managing members of Equanimous Investments are Carl Russo and Tim Pasquinelli. These individuals may be deemed to have shared voting and investment power over the shares held by Equanimous Investments. Each of these individuals disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F4. Shares held by The Crescentico Trust, Carl Russo, Trustee.
Key Figures
RSU grant size: 4,967 RSUs
RSU grant price: $0.0000 per share
Direct holdings after grant: 3,958,037 shares
+3 more
6 metrics
RSU grant size
4,967 RSUs
Restricted stock units granted to Carl Russo on 2026-05-14
RSU grant price
$0.0000 per share
Stated price per RSU in the award
Direct holdings after grant
3,958,037 shares
Calix common stock held directly by Carl Russo post-transaction
Unvested RSUs included
4,967 RSUs
Unvested RSUs counted in beneficially owned securities
Equanimous Investments holdings
1,644,188 shares
Calix shares held by Equanimous Investments with shared power and ownership disclaimer
Crescentico Trust holdings
13,782 shares
Calix shares held by The Crescentico Trust, Carl Russo trustee
Key Terms
restricted stock units ("RSUs"), non-employee director equity compensation policy, beneficially owned, pecuniary interest, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents a grant of restricted stock units ("RSUs") awarded pursuant to the issuer's non-employee director equity compensation policy"
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.
non-employee director equity compensation policy financial
"RSUs awarded pursuant to the issuer's non-employee director equity compensation policy, that will vest in full one day prior"
beneficially owned financial
"Amount of securities beneficially owned includes 4,967 unvested RSUs"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
pecuniary interest financial
"Each of these individuals disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein"
voting and investment power financial
"These individuals may be deemed to have shared voting and investment power over the shares held by Equanimous Investments"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Carl Russo report in his latest CALX Form 4 filing?
Carl Russo reported receiving 4,967 restricted stock units in CALIX, INC as a director equity award. These RSUs convert into common shares and vest one day before the company’s next annual stockholder meeting, adding to his existing direct and indirect share positions.
What are the terms of Carl Russo’s new CALIX restricted stock unit grant?
The filing shows a grant of 4,967 restricted stock units to Carl Russo at no cash cost per unit. Granted under the non-employee director equity compensation policy, these RSUs vest in full one day prior to CALIX’s next annual stockholder meeting, then settle into common shares.
What indirect CALIX holdings for Carl Russo are reported via The Crescentico Trust?
The filing reports 13,782 CALIX common shares held by The Crescentico Trust, for which Carl Russo serves as trustee. These shares are classified as indirectly owned, reflecting trust-held stock associated with him in addition to his larger direct and other indirect equity positions.
Does Carl Russo’s CALIX RSU grant involve any purchase price?
The reported 4,967 restricted stock units were granted at a stated price of $0.0000 per share. This indicates a compensation-related equity award rather than an open-market purchase, consistent with CALIX’s non-employee director equity compensation policy described in the filing’s footnotes.