FORUM MARKETS CFO granted 358,592-share award
Saunders John Tazewell reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Saunders John Tazewell reported acquisition or exercise transactions in this Form 4 filing.
FORUM MARKETS Inc Chief Financial Officer John Tazewell Saunders reported an equity award of 358,592 shares of Common Stock. After this grant, he directly holds 358,592 shares.
The award includes 163,636 shares underlying performance-based restricted stock units (PSUs) and 109,091 shares underlying restricted stock units (RSUs). Each PSU and RSU represents a contingent right to one share of Common Stock. The PSUs vest in three equal tranches once specified stock price targets are met within five years of grant and certain calendar dates are reached, subject to continued employment. The RSUs vest in one-third installments on August 1 of 2026, 2027 and 2028, also requiring continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 358,592 shares
Grant/Award
1 txn
Insider
Saunders John Tazewell
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 358,592 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 358,592 shares (Direct)
Footnotes (1)
- F1. Consists of (i) 163,636 shares of Common Stock underlying performance-based restricted stock units ("PSUs") and (ii) 109,091 shares of Common Stock underlying restricted stock units ("RSUs"). Each PSU and RSU represents a contingent right to receive one share of Common Stock. The PSUs consist of three equal tranches, each of which vests on the later of the date that (a) a specified Issuer stock price performance target is met within five years after the grant date and (b) a specified date, subject to the Reporting Person's continued employment through such later date. The RSUs will vest in one-third installments on August 1 of each of 2026, 2027 and 2028, subject to the Reporting Person's continued employment through each such date.
Key Figures
Equity award size: 358,592 shares
Post-grant holdings: 358,592 shares
PSU underlying shares: 163,636 shares
+4 more
7 metrics
Equity award size
358,592 shares
Common Stock granted to CFO on April 2, 2026
Post-grant holdings
358,592 shares
CFO direct ownership following transaction
PSU underlying shares
163,636 shares
Performance-based restricted stock units in award
RSU underlying shares
109,091 shares
Time-based restricted stock units in award
Grant price
$0.0000 per share
Reported transaction price per share for the award
PSU performance window
5 years
Stock price targets must be met within five years after grant
RSU vest dates
August 1, 2026–2028
RSUs vest in one-third installments on these dates
Key Terms
performance-based restricted stock units, restricted stock units, contingent right, vests, +2 more
6 terms
performance-based restricted stock units financial
"Consists of (i) 163,636 shares of Common Stock underlying performance-based restricted stock units ("PSUs")"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
restricted stock units financial
"and (ii) 109,091 shares of Common Stock underlying restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each PSU and RSU represents a contingent right to receive one share of Common Stock."
vests financial
"The PSUs consist of three equal tranches, each of which vests on the later of the date that"
stock price performance target financial
"the date that (a) a specified Issuer stock price performance target is met within five years"
continued employment financial
"subject to the Reporting Person's continued employment through such later date."
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FORUM MARKETS (FRMM) report for its CFO?
FORUM MARKETS reported that CFO John Tazewell Saunders received an equity award of 358,592 shares of Common Stock. This grant consists of performance-based restricted stock units and time-based restricted stock units, all subject to future vesting conditions and continued employment.
What are the vesting conditions for the FORUM MARKETS CFO PSUs?
The performance-based restricted stock units (PSUs) cover 163,636 shares and vest in three equal tranches. Each tranche vests only after specified stock price performance targets are met within five years of grant and certain dates occur, assuming the CFO remains employed through those later dates.
When do the FORUM MARKETS CFO RSUs vest according to the filing?
The restricted stock units (RSUs) tied to 109,091 shares vest in three equal installments. Vesting dates are August 1 of 2026, 2027, and 2028, and each installment requires the CFO’s continued employment with FORUM MARKETS through the applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
