Finance of America (FOA) director gets 5,094 RSUs as 4,570 units vest
Rhea-AI Filing Summary
Finance of America Companies Inc. director Essex Andrew reported equity compensation activity involving restricted stock units (RSUs) and common shares. On May 15, 2026, 4,570 RSUs vested and were exercised into 4,570 shares of Class A Common Stock, leaving that RSU award fully settled.
On May 18, 2026, Andrew received a new grant of 5,094 RSUs, each representing a contingent right to one share of Class A Common Stock. These 5,094 RSUs will vest on the earlier of May 18, 2027 or the company’s next regularly scheduled annual stockholders’ meeting after the grant date, and may be settled in stock, cash, or a combination at the compensation committee’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,570 shares
Net Buy
3 txns
Insider
Essex Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,094 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,570 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,570 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 5,094 shares (Direct);
Class A Common Stock — 4,570 shares (Direct)
Footnotes (4)
- F1. Reflects restricted stock units ("RSUs") that, upon vesting, converted into shares of Class A Common Stock of the Issuer ("Common Stock") on a one-for-one basis.
- F2. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
- F3. Reflects RSUs that vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting following the date of grant.
- F4. These RSUs shall vest on the earlier of (i) May 18, 2027 or (ii) the regularly scheduled annual stockholders' meeting of the Issuer following the grant date.
Key Figures
New RSU grant: 5,094 RSUs
RSUs vested: 4,570 RSUs
Shares after exercise: 4,570 shares
+1 more
4 metrics
New RSU grant
5,094 RSUs
Granted on May 18, 2026 to director Essex Andrew
RSUs vested
4,570 RSUs
Vested and converted on May 15, 2026
Shares after exercise
4,570 shares
Class A Common Stock following RSU conversion
Derivative exercises
1 transaction, 4,570 units
Exercise or conversion of derivative security in this filing
Key Terms
Restricted Stock Units, Class A Common Stock, derivative security, annual stockholders' meeting
4 terms
Restricted Stock Units financial
"Reflects restricted stock units ("RSUs") that, upon vesting, converted into shares of Class A Common Stock"
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.
Class A Common Stock financial
"converted into shares of Class A Common Stock of the Issuer ("Common Stock") on a one-for-one basis"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
annual stockholders' meeting financial
"vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting following the date of grant"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did FOA director Essex Andrew report?
Essex Andrew reported equity awards rather than open-market trades. 4,570 restricted stock units vested into 4,570 Class A shares, and he received a new grant of 5,094 RSUs as director compensation.
How many FOA restricted stock units did Essex Andrew receive in the latest grant?
He received a grant of 5,094 restricted stock units. Each RSU represents a contingent right to one share of Class A Common Stock, with settlement in stock, cash, or both at the compensation committee’s discretion.
When do Essex Andrew’s new FOA RSUs vest?
The 5,094 RSUs vest on the earlier of May 18, 2027 or the next regularly scheduled annual stockholders’ meeting. Vesting timing is tied to director service and the company’s annual meeting schedule.
What happened to the 4,570 FOA RSUs mentioned in the Form 4?
The 4,570 RSUs vested on May 15, 2026 and converted into 4,570 shares of Class A Common Stock. After this conversion, that specific RSU award was fully settled with no remaining RSUs from that grant.
Does the FOA Form 4 show any insider buying or selling in the market?
The filing shows RSU grants and vesting, not open-market buying or selling. Transactions are labeled as grants and derivative exercises, reflecting routine director equity compensation rather than discretionary stock trades.