EagleRock grants director 7,244 Class A RSUs
A director of EagleRock Land, LLC received a 7,244-RSU equity award and disclosed 250,000 Class A shares held indirectly through a family partnership.
Rhea-AI Filing Summary
EagleRock Land, LLC (EROK) director Wallace Michael Wayne reported an equity compensation award covering EagleRock Class A shares. On September 10, 2026, he was granted 7,244 Restricted Share Units (RSUs) under the EagleRock Land, LLC Long Term Incentive Plan, each representing a contingent right to receive one Class A share upon settlement.
The RSUs vest in full on October 9, 2027, subject to his continued Board service and any deferral elections he makes, in which case settlement will follow his elected deferral schedule. In addition, the filing reports 250,000 Class A shares held indirectly through Wallace Family Partnership, LP, over which he and his wife may exercise voting and investment control, while he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,244 shares
Grant/Award
2 txns
Insider
Wallace Michael Wayne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A shares F1 | 7,244 | $0.00 | $0.00 |
| holding | Class A shares F2 | -- | -- | -- |
Holdings After Transaction:
Class A shares — 7,244 shares (Direct);
Class A shares — 250,000 shares (Indirect, See Footnote)
Footnotes (2)
- F1. On September 10, 2026, the Reporting Person was granted 7,244 Restricted Share Units ("RSUs") under the EagleRock Land, LLC Long Term Incentive Plan. Each RSU is a contingent right to receive one Class A share upon settlement. The RSUs vest in full on October 9, 2027, subject to continued Board service through that date and any deferred settlement elections made by the Reporting Person, in which case settlement will occur in accordance with the Reporting Person's elected deferral schedule.
- F2. Includes 250,000 Class A shares which are held by Wallace Family Partnership, LP ("Wallace Family Partnership"). The Reporting Person is a limited partner of Wallace Family Partnership, and the Reporting Person and his wife each individually own 50% of the ownership interests in Wallace Family Partnership. The Reporting Person and his wife are both managers of, and each individually own 50% of the ownership interest of, the sole general partner of Wallace Family Partnership. As a result of the foregoing, the Reporting Person may exercise voting and investment control over the Class A shares held by Wallace Family Partnership and may be deemed to be the beneficial owner thereof. The Reporting Person disclaims beneficial ownership of Class A shares in excess of his pecuniary interest therein, if any.
Key Figures
RSUs granted: 7,244 units
RSU vesting date: October 9, 2027
Indirect Class A shares: 250,000 shares
+2 more
5 metrics
RSUs granted
7,244 units
Restricted Share Units granted on September 10, 2026 under the Long Term Incentive Plan
RSU vesting date
October 9, 2027
Date when all 7,244 RSUs vest, subject to continued Board service
Indirect Class A shares
250,000 shares
Class A shares held by Wallace Family Partnership, LP and reported as indirect ownership
RSU grant price per share
$0.00 per unit
Reported transaction price per RSU in the Form 4 grant entry
Direct RSU-related holdings entry
7,244
Total units shown as following the RSU grant transaction
Key Terms
Restricted Share Units, Long Term Incentive Plan, contingent right, beneficial owner, +1 more
5 terms
Long Term Incentive Plan financial
"under the EagleRock Land, LLC Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
contingent right financial
"Each RSU is a contingent right to receive one Class A share"
beneficial owner financial
"may be deemed to be the beneficial owner thereof"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of Class A shares in excess of his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did EagleRock Land, LLC (EROK) grant to director Wallace Michael Wayne?
He was granted 7,244 Restricted Share Units (RSUs) on September 10, 2026, under the EagleRock Land, LLC Long Term Incentive Plan. Each RSU is a contingent right to receive one Class A share upon settlement, subject to vesting conditions.
When do the 7,244 RSUs reported for EROK vest and settle?
The 7,244 RSUs vest in full on October 9, 2027, subject to Wallace Michael Wayne’s continued Board service through that date. Any deferred settlement elections he makes will cause settlement to occur under his elected deferral schedule.
Was the EROK Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being under such a plan, and no footnote describes the RSU grant as pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
