Everus Construction Group (ECG) director receives 1,015 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DELLA ROCCA MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Everus Construction Group, Inc. director Michael Della Rocca received a grant of 1,015 restricted stock units (RSUs) of common stock as compensation. The award was recorded at a price of $0.00 per share, reflecting that this is a grant rather than an open-market purchase.
The Form 4 shows that, after this award, Della Rocca directly holds 7,028 shares of Everus Construction Group common stock. Each RSU represents the contingent right to receive one share, vesting on the date of the company’s 2027 annual meeting of stockholders if he remains in continuous service through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DELLA ROCCA MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,015 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,028 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,015 units
Grant price: $0.00 per share
Shares owned after transaction: 7,028 shares
+2 more
5 metrics
RSUs granted
1,015 units
Restricted stock units awarded to director on May 12, 2026
Grant price
$0.00 per share
Stated transaction price for RSU grant
Shares owned after transaction
7,028 shares
Director’s direct common stock holdings following the grant
Transaction code
A
Grant, award, or other acquisition of non-derivative common stock
Vesting date
2027 annual meeting
RSUs vest at the issuer’s 2027 annual meeting of stockholders
Key Terms
restricted stock units (RSUs), continuous service, annual meeting of stockholders, contingent right, +1 more
5 terms
restricted stock units (RSUs) financial
"Represents restricted stock units (RSUs) that vest on the date of the issuer's 2027 annual meeting of stockholders"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
continuous service financial
"provided that the reporting person remains in continuous service with the issuer through the vesting date"
annual meeting of stockholders financial
"that vest on the date of the issuer's 2027 annual meeting of stockholders"
contingent right financial
"Each RSU represents the contingent right to receive one share of the issuer's common stock"
transaction code A regulatory
"transaction_code_description": "Grant, award, or other acquisition"
FAQ
What did Everus Construction Group (ECG) director Michael Della Rocca report on this Form 4?
He reported an acquisition of 1,015 restricted stock units (RSUs) of Everus Construction Group common stock. The RSUs were granted as compensation and carry a stated price of $0.00 per share, indicating they were not acquired in an open-market purchase.
When do Michael Della Rocca’s Everus Construction Group (ECG) RSUs vest?
The 1,015 restricted stock units vest on the date of Everus Construction Group’s 2027 annual meeting of stockholders. Vesting is conditioned on Della Rocca remaining in continuous service with the company through that meeting date, according to the Form 4 footnote.
What does each RSU in Michael Della Rocca’s Everus Construction Group (ECG) grant represent?
Each restricted stock unit represents a contingent right to receive one share of Everus Construction Group common stock. The units will convert into actual shares only if the vesting conditions are met, specifically continuous service through the 2027 annual meeting of stockholders.
Was Michael Della Rocca’s Everus Construction Group (ECG) RSU grant an open-market purchase?
No, the RSU grant was not an open-market purchase. The Form 4 lists the transaction code as a grant or award and shows a transaction price of $0.00 per share, indicating compensation-related equity rather than a market transaction on a stock exchange.