Cardinal Infrastructure (CDNL) director awarded 1,941 RSUs in new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SHANFELTER AUSTIN J reported acquisition or exercise transactions in this Form 4 filing.
Cardinal Infrastructure Group Inc. director Austin J. Shanfelter received a grant of 1,941 shares of Class A Common Stock in the form of restricted stock units on June 5, 2026. These RSUs vest at the next qualifying annual stockholder meeting or on the one-year anniversary of grant if he remains a director. Following this award, he directly holds 11,529 shares. A prior Form 4 is corrected to show 9,588 shares beneficially owned after that earlier transaction.
Positive
- None.
Negative
- None.
Insights
Routine director RSU grant with standard service-based vesting.
Director Austin J. Shanfelter received 1,941 restricted stock units of Cardinal Infrastructure Group Inc. on June 5, 2026. The grant carries a zero dollar price per share, which is typical for equity compensation awards rather than market purchases.
The RSUs vest on the earlier of the next qualifying annual stockholder meeting or the one-year anniversary of the grant, conditional on continued board service. After the grant, his direct holdings total 11,529 shares, indicating a modest, compensation-related increase in equity exposure.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHANFELTER AUSTIN J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,941 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 11,529 shares (Direct, null)
Footnotes (1)
- These shares represent restricted stock units ("RSUs") granted on June 5, 2026. The RSUs vest on the earlier to occur of (1) the next annual meeting of the Company's stockholders following the date of grant (so long as such next annual meeting is at least 50 weeks after the immediately preceding year's annual meeting of stockholders) and (2) the one-year anniversary of the date of grant, provided that, in each case, the Reporting Person continues to serve as a director of the Company through such date. The Form 4 filed by the Reporting Person on May 11, 2026 incorrectly reported the Amount of Securities Beneficially Owned following Reported Transaction in Column 5 of Table I. The correct number should have been 9,588.
Key Figures
RSU grant size: 1,941 shares
Grant price: $0.0000 per share
Post-transaction holdings: 11,529 shares
+2 more
5 metrics
RSU grant size
1,941 shares
Restricted stock units granted on June 5, 2026
Grant price
$0.0000 per share
Price per share for the RSU award
Post-transaction holdings
11,529 shares
Total Class A Common Stock directly owned after grant
Correct prior holdings
9,588 shares
Correct beneficial ownership after May 11, 2026 transaction
Vesting period
Up to 1 year
Earlier of next annual meeting or one-year anniversary of grant
Key Terms
restricted stock units, vest, beneficially owned, Form 4
4 terms
restricted stock units financial
"These shares represent restricted stock units ("RSUs") granted on June 5, 2026."
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.
vest financial
"The RSUs vest on the earlier to occur of (1) the next annual meeting..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
beneficially owned financial
"incorrectly reported the Amount of Securities Beneficially Owned following Reported Transaction..."
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.
Form 4 regulatory
"The Form 4 filed by the Reporting Person on May 11, 2026 incorrectly reported..."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Cardinal Infrastructure (CDNL) director Austin Shanfelter receive in this Form 4?
Director Austin J. Shanfelter received 1,941 restricted stock units of Cardinal Infrastructure Group Inc. Class A Common Stock. These equity awards are compensation, not market purchases, and were granted at a price of $0.0000 per share on June 5, 2026.
How do the new RSUs granted to the CDNL director vest?
The 1,941 RSUs vest on the earlier of the next annual meeting of stockholders after grant, if that meeting is at least 50 weeks after the prior annual meeting, or the one-year anniversary of grant, provided Mr. Shanfelter continues serving as a director through the vesting date.
Is the Form 4 transaction for CDNL a market buy or a compensation grant?
The filing reports a compensation grant, not a market purchase. The transaction code is “A,” described as a grant, award, or other acquisition, with 1,941 restricted stock units issued at $0.0000 per share as part of director equity compensation.