STOCK TITAN

Director at Cardinal Infrastructure (CDNL) receives 2,023 RSU equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wimmer Richard Bennett reported acquisition or exercise transactions in this Form 4 filing.

Cardinal Infrastructure Group Inc. director Richard Bennett Wimmer received a grant of 2,023 restricted stock units (RSUs) tied to Class A Common Stock on June 5, 2026. These RSUs vest on the earlier of the next annual stockholder meeting meeting certain timing conditions or the one-year anniversary of the grant, if he continues serving as a director. Following this award, he directly holds 21,849 shares of Class A Common Stock.

Positive

  • None.

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Insider Wimmer Richard Bennett
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 2,023 $0.00 --
Holdings After Transaction: Class A Common Stock — 21,849 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs granted 2,023 shares Restricted stock units granted on June 5, 2026
Post-transaction holdings 21,849 shares Class A Common Stock held directly after grant
Grant price $0.00 per share Director RSU compensation award, not market purchase
Vesting anniversary One-year from grant Alternative vesting trigger if service continues
Annual meeting interval 50 weeks Condition for next annual meeting to be a vesting trigger
restricted stock units ("RSUs") financial
"These shares represent restricted stock units ("RSUs") granted on June 5, 2026."
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.
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.
annual meeting of the Company's stockholders financial
"the next annual meeting of the Company's stockholders following the date of grant..."
director of the Company financial
"provided that... the Reporting Person continues to serve as a director of the Company..."
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wimmer Richard Bennett

(Last)(First)(Middle)
C/O CARDINAL INFRASTRUCTURE GROUP INC.
100 E. SIX FORKS ROAD, #300

(Street)
RALEIGH NORTH CAROLINA 27609

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Cardinal Infrastructure Group Inc. [ CDNL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/05/2026A2,023A$0(1)21,849D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
/s/ Tiffany Gidley, Attorney-in-Fact06/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CDNL director Richard Bennett Wimmer report?

Richard Bennett Wimmer reported receiving 2,023 restricted stock units (RSUs) tied to Cardinal Infrastructure Group Class A Common Stock. The grant is recorded at a price of $0.00 per share as a director equity award, not an open-market purchase.

How many Cardinal Infrastructure (CDNL) shares does Wimmer hold after this grant?

After the June 5, 2026 RSU grant, Richard Bennett Wimmer directly holds 21,849 shares of Cardinal Infrastructure Group Class A Common Stock. This figure includes the newly granted 2,023 RSUs as reflected in the reported post-transaction ownership total.

When do Richard Bennett Wimmer’s CDNL RSUs vest?

The 2,023 RSUs granted to Richard Bennett Wimmer vest on the earlier of the next annual meeting of Cardinal’s stockholders, subject to a 50-week timing condition, or the one-year anniversary of the June 5, 2026 grant date, if he remains a director.

Was Wimmer’s CDNL RSU grant an open-market stock purchase?

No, the RSU grant to Richard Bennett Wimmer was a compensation-related award recorded at $0.00 per share, not an open-market stock purchase. It reflects a director equity grant rather than buying existing shares in the market.

What conditions apply to vesting of Wimmer’s CDNL RSUs?

The RSUs vest if Richard Bennett Wimmer continues serving as a director through the earlier of the next annual stockholder meeting, provided it meets a 50-week interval condition, or the one-year anniversary of the June 5, 2026 grant date.