Stock grants to FG Nexus (FGNX) director replace cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FG Nexus Inc. director Rita Hayes reported receiving equity-based compensation in the form of restricted stock units (RSUs) tied to the company’s common stock. On April 8, 2026, she acquired 1,821 RSUs granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash, with all of these RSUs vesting immediately on the grant date.
She also received an additional 10,373 RSUs as director compensation under the same plan. These RSUs vest in five equal annual installments, beginning on the first anniversary of the grant date, contingent on continued service. Each RSU represents the right to receive one share of FG Nexus common stock, and following these grants she holds 15,442 shares, including 10,373 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hayes Rita
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,821 | $0.00 | -- |
| Grant/Award | Common Stock | 10,373 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,069 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. Represents RSUs granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. Includes 10,373 unvested RSUs granted on April 8, 2026 under the 2021 Equity Incentive Plan as director compensation.
Key Figures
Immediately vested RSUs: 1,821 RSUs
Time-vested RSUs: 10,373 RSUs
Post‑grant holdings: 15,442 shares
+2 more
5 metrics
Immediately vested RSUs
1,821 RSUs
Director fee payment in lieu of cash, granted April 8, 2026
Time-vested RSUs
10,373 RSUs
Director compensation vesting in five equal annual installments
Post‑grant holdings
15,442 shares
Common stock holdings after reported RSU grants, including unvested RSUs
Vesting schedule
5 annual installments
For 10,373 RSUs, starting on first anniversary of April 8, 2026
Director fee RSU price
$0.00 per share
Non-cash grant; RSUs issued with no cash paid by director
Key Terms
restricted stock units ("RSUs"), 2021 Equity Incentive Plan, director fee payment in lieu of cash, vest in five annual equal instalments, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2021 Equity Incentive Plan financial
"Represents RSUs granted under the 2021 Equity Incentive Plan as director compensation."
director fee payment in lieu of cash financial
"granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash."
vest in five annual equal instalments financial
"RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date."
FAQ
What insider transaction did FG Nexus (FGNX) disclose for director Rita Hayes?
FG Nexus reported that director Rita Hayes received restricted stock unit awards instead of cash fees and as ongoing compensation. She acquired 1,821 immediately vested RSUs and 10,373 RSUs vesting over five years, all tied to FG Nexus common stock.
How many FG Nexus (FGNX) restricted stock units did the director receive?
Rita Hayes received 1,821 RSUs as director fee payment in lieu of cash and 10,373 RSUs as director compensation. The 10,373 RSUs vest in five equal annual installments, giving her long-term equity exposure to FG Nexus common stock.
What are the vesting terms of Rita Hayes’ new FG Nexus (FGNX) RSUs?
The 1,821 RSUs granted as fee payment vested in full on the grant date. The 10,373 RSUs granted as director compensation vest in five equal annual installments, beginning on the first anniversary of the April 8, 2026 grant date, subject to continued service.
Are the FG Nexus (FGNX) RSU grants to Rita Hayes cash transactions?
No, these RSU grants are non-cash equity awards. The 1,821 RSUs replace director fees that could have been paid in cash, while the 10,373 RSUs represent stock-based director compensation, delivering value in company shares rather than immediate cash payments.