DigitalBridge merger cancels director’s 66,222 units
DigitalBridge Group, Inc. director Rasheed Shaka’s 66,222 deferred stock units were fully vested, cancelled and converted into the right to receive $16.00 per share in cash when the merger became effective on September 30, 2026.
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Rhea-AI Filing Summary
DigitalBridge Group, Inc. director Rasheed Shaka’s 66,222 deferred stock units were fully vested, cancelled and converted into the right to receive $16.00 per share in cash when the merger became effective on September 30, 2026. His reported resulting position was zero units. The transaction was reported as an issuer disposition, and no Rule 10b5-1 plan is reported.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Deferred Stock F1 | 66,222 | $16.00 | $1.06M |
Footnotes (1)
- F1. On September 30, 2026, pursuant to an Agreement and Plan of Merger, dated as of December 29, 2025 (the "Merger Agreement"), by and among DigitalBridge Group, Inc. (the "Issuer"), Duncan Holdco LLC, Duncan Sub I Inc. ("Merger Sub I"), Duncan Sub II LLC and DigitalBridge Operating Company, LLC, among other things, Merger Sub I merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.01 per share, (other than certain excluded shares) automatically converted into the right to receive $16.00 per share in cash, without interest and less any applicable withholding tax (the "Per Share Merger Consideration"). Pursuant to the Merger Agreement, as of the Effective Time, each deferred stock unit outstanding became fully vested, was cancelled and converted into the right to receive the Per Share Merger Consideration.
Key Figures
Key Terms
Effective Time technical
deferred stock unit financial
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What happened to DBRG director Rasheed Shaka’s deferred stock units?
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