Everus director granted 1,015 deferred RSUs
Wood Clark A. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Wood Clark A. reported acquisition or exercise transactions in this Form 4 filing.
Everus Construction Group, Inc. director Clark A. Wood reported an award of 1,015 restricted stock units (RSUs), each representing one share of common stock. These RSUs vest on the date of the company’s 2027 annual meeting of stockholders, assuming he continues serving as a director through that date.
Under the issuer’s Deferred Compensation Plan for Directors, he has elected to defer receipt of the shares until his separation from board service, at which point the accumulated phantom stock units with dividend-equivalent accruals will be settled in an equivalent number of Everus common shares. Following this grant, he is shown as holding 5,392 shares directly.
Insider Trade Summary
Grant/Award: 1,015 shares
Grant/Award
1 txn
Insider
Wood Clark A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,015 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 5,392 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units (RSUs) that vest on the date of the issuer's 2027 annual meeting of stockholders, provided that the reporting person remains in continuous service with the issuer through the vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock. Pursuant to the issuer's Deferred Compensation Plan for Directors, as amended and restated to date, the reporting person has elected to defer receipt of the shares of common stock issuable upon vesting of the RSUs until the reporting person's separation from service as a director. The deferred amounts will convert into an equivalent number of phantom stock units with dividend equivalent accruals (investment units). After the reporting person's separation from service as a director, the accumulated investment units will be converted into (and settled in) an equivalent number of shares of the issuer's common stock.
Key Figures
RSU award size: 1,015 units
RSU vesting event: 2027 annual meeting
Post-transaction holdings: 5,392 shares
+1 more
4 metrics
RSU award size
1,015 units
Restricted stock units granted to director on 2026-05-12
RSU vesting event
2027 annual meeting
Vesting date contingent on continued board service
Post-transaction holdings
5,392 shares
Common stock directly held after reported transaction
RSU price per unit
$0.0000
Grant price per RSU as reported in Form 4
Key Terms
restricted stock units (RSUs), Deferred Compensation Plan for Directors, phantom stock units, dividend equivalent accruals, +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.
Deferred Compensation Plan for Directors financial
"Pursuant to the issuer's Deferred Compensation Plan for Directors, as amended and restated to date, the reporting person has elected to defer receipt"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
phantom stock units financial
"The deferred amounts will convert into an equivalent number of phantom stock units with dividend equivalent accruals"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
dividend equivalent accruals financial
"phantom stock units with dividend equivalent accruals (investment units)"
Dividend equivalent accruals are bookkeeping entries that track amounts owed to holders of stock-based awards (like restricted stock units or certain options) as if cash dividends had been paid on the underlying shares. Think of it as a running tab a company keeps for future payments: it matters to investors because these accruals increase reported compensation costs, can dilute shareholders when paid in stock, and signal future cash or share outflows tied to corporate dividend policy.
separation from service as a director financial
"After the reporting person's separation from service as a director, the accumulated investment units will be converted"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Everus Construction Group (ECG) director Clark A. Wood report?
Clark A. Wood reported receiving an award of 1,015 restricted stock units. Each RSU represents the contingent right to receive one share of Everus common stock, subject to vesting and his continued service on the company’s board as a director.
When do Clark A. Wood’s 1,015 Everus (ECG) RSUs vest?
The 1,015 restricted stock units vest on the date of Everus Construction Group’s 2027 annual meeting of stockholders. Vesting requires that Clark A. Wood remain in continuous service as a director with the company through that annual meeting date.
How will Clark A. Wood’s Everus (ECG) RSU award be settled?
Upon vesting, the RSUs convert into the right to receive Everus common shares. Under the Deferred Compensation Plan for Directors, he elected to defer receipt until leaving the board, when phantom stock units will be settled in equivalent Everus common shares.
What deferral election did Everus (ECG) director Clark A. Wood make for his RSUs?
Clark A. Wood elected, under Everus’s Deferred Compensation Plan for Directors, to defer receipt of common shares issuable upon RSU vesting until he separates from service as a director. During deferral, amounts convert into phantom stock units with dividend-equivalent accruals.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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