Director at Cardinal Infrastructure (CDNL) receives 2,023 RSU equity award
Filing Impact
Filing Sentiment
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.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
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)
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Key Figures
RSUs granted: 2,023 shares
Post-transaction holdings: 21,849 shares
Grant price: $0.00 per share
+2 more
5 metrics
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
Key Terms
restricted stock units ("RSUs"), vest, annual meeting of the Company's stockholders, director of the Company
4 terms
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..."
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.
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.