FG Nexus director awarded 12,294 RSUs
Mitchell Michael C reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Mitchell Michael C reported acquisition or exercise transactions in this Form 4 filing.
FG Nexus Inc. director Mitchell Michael C received equity compensation in the form of restricted stock units on April 8, 2026. He was granted 1,921 RSUs as director fee payment in lieu of cash, which fully vested on the grant date, each RSU representing one share of common stock.
He was also granted 10,373 RSUs under the 2021 Equity Incentive Plan as director compensation, vesting in five equal annual installments subject to continued service. Following these awards, he holds 16,519 shares of common stock directly and 13,064 shares of 8.00% Cumulative Preferred Stock, Series A, directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 12,294 shares
Grant/Award
3 txns
Insider
Mitchell Michael C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,921 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 10,373 | $0.00 | $0.00 |
| holding | 8.00% Cumulative Preferred Stock, Series A, $25.00 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,519 shares (Direct);
8.00% Cumulative Preferred Stock, Series A, $25.00 par value — 13,064 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. Includes 10,373 unvested RSUs granted on April 8, 2026 under the 2021 Equity Incentive Plan as director compensation.
Key Figures
RSUs in lieu of cash fees: 1,921 RSUs
Director compensation RSUs: 10,373 RSUs
Common shares after first grant: 6,146 shares
+3 more
6 metrics
RSUs in lieu of cash fees
1,921 RSUs
Granted April 8, 2026; fully vested on grant
Director compensation RSUs
10,373 RSUs
Granted April 8, 2026; vest over five annual installments
Common shares after first grant
6,146 shares
Total common stock following 1,921 RSU grant
Common shares after second grant
16,519 shares
Total common stock following 10,373 RSU grant
Preferred shares held
13,064 shares
8.00% Cumulative Preferred Stock, Series A, direct holding
Preferred par value
$25.00 par value
Per share for 8.00% Cumulative Preferred Stock, Series A
Key Terms
restricted stock units ("RSUs"), 2021 Equity Incentive Plan, cumulative preferred stock, director compensation
4 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."
cumulative preferred stock financial
"8.00% Cumulative Preferred Stock, Series A, $25.00 par value"
Cumulative preferred stock is a type of share that pays fixed dividends and creates an obligation for the company to repay any missed dividend payments later; if the firm skips a dividend, those unpaid amounts build up like an IOU and must be paid to these shareholders before common shareholders receive dividends. Investors care because it offers steadier income and higher priority in the payout order, making it less risky than common stock but still subject to company solvency and interest-rate shifts.
director compensation financial
"Represents RSUs granted under the 2021 Equity Incentive Plan as director compensation."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did FG Nexus Inc. (FGNX) director Mitchell Michael C receive?
Mitchell Michael C received two equity awards on April 8, 2026: 1,921 restricted stock units as director fees in lieu of cash and 10,373 restricted stock units as director compensation under the 2021 Equity Incentive Plan, each convertible into one common share.
How do the new RSU grants for FGNX’s director vest?
The 1,921 RSUs granted as fee payment vested fully on the grant date. The separate 10,373 RSUs granted as director compensation vest in five equal annual installments, subject to the director’s continued service with the company after the grant date.
What is the nature of the 1,921 RSUs granted to the FGNX director?
The 1,921 RSUs represent director fee payment in lieu of cash under the 2021 Equity Incentive Plan. All of these restricted stock units vested immediately on the grant date, with each RSU entitling the director to receive one share of common stock.
What ongoing vesting exposure does the FG Nexus director have from RSUs?
The director has 10,373 unvested RSUs granted on April 8, 2026, as director compensation. These RSUs vest in five equal annual installments, contingent on continued service, providing a multi-year alignment between his compensation and company performance.
What preferred stock holdings does the FG Nexus director report?
In addition to common stock, the director reports holding 13,064 shares of 8.00% Cumulative Preferred Stock, Series A, with a stated par value of $25.00 per share. This preferred position is listed as a direct holding in the insider report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
