FOA CFO exercises RSUs and gets new equity grant
Finance of America Companies Inc. Chief Financial Officer Matthew A. Engel reported compensation-related equity activity on April 1, 2026 To cover tax obligations from the RSU settlements, 7,403 shares of Class A common stock were withheld at $16.60 per share.
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Form Type
4
Rhea-AI Filing Summary
Finance of America Companies Inc. Chief Financial Officer Matthew A. Engel reported compensation-related equity activity on April 1, 2026
To cover tax obligations from the RSU settlements, 7,403 shares of Class A common stock were withheld at $16.60 per share. Following these transactions, Engel directly holds 50,948 shares of Class A common stock and 12,452 RSUs that remain outstanding, which will vest over future anniversaries if his employment continues.
Insider Trade Summary
24,915 shares exercised/converted
Exercise
7 txns
Insider
Engel Matthew A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,833 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 14,082 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 37,790 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,833 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,354 | $16.60 | $56K |
| Exercise | Class A Common Stock | 14,082 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,049 | $16.60 | $67K |
| Holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 89,240 contracts for 12,452 underlying shares (Direct);
Class A Common Stock — 50,948 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 76,365 to 89,240 contracts (Direct);
Class A Common Stock, 33,436 to 50,948 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock ("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. The remaining RSUs vest on the third anniversary of April 1, 2024, subject to the Reporting Person's continued employment.
- F2. Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
- F3. 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. The remaining RSUs vest on the second and third anniversaries of April 1, 2025, subject to the Reporting Person's continued employment.
- F4. Represents additional RSUs granted to the Reporting Person on April 1, 2026. 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. The RSUs shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2026, subject to the Reporting Person's continued employment.
- F5. 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. The remaining RSUs vest on the third anniversary of the vesting reference date, November 15, 2023, subject to the Reporting Person's continued employment.
Key Figures
RSUs exercised (lot 1): 10,833 units
RSUs exercised (lot 2): 14,082 units
New RSU grant: 37,790 units
+4 more
7 metrics
RSUs exercised (lot 1)
10,833 units
Restricted Stock Units converted into Class A common stock on April 1, 2026
RSUs exercised (lot 2)
14,082 units
Additional RSUs converted into Class A common stock on April 1, 2026
New RSU grant
37,790 units
Additional RSUs granted to CFO on April 1, 2026
Shares withheld for taxes
7,403 shares
Tax withholding at $16.60 per share tied to RSU settlements
Tax withholding price
$16.60 per share
Value used for 7,403 shares withheld for tax obligations
Shares held after transactions
50,948 shares
Direct Class A common stock holdings following April 1, 2026 activity
Unvested RSUs remaining
12,452 units
Restricted stock units outstanding, subject to future vesting and settlement
Key Terms
Restricted Stock Units, tax withholding, derivative security, vest, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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.
tax withholding financial
"Represents the withholding of shares of Common Stock for tax purposes"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
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.
vest financial
"The remaining RSUs vest on the third anniversary of April 1, 2024"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
compensation committee financial
"settled in either Common Stock or cash ... at the discretion of the Issuer's compensation committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FOA CFO Matthew A. Engel report in this Form 4?
Matthew A. Engel reported exercises of restricted stock units into Class A common stock and a new RSU grant. These are compensation-related equity transactions rather than open-market stock purchases or sales, reflecting routine vesting and award activity for the Finance of America Companies Inc. CFO.
What new equity award did FOA grant to its CFO on April 1, 2026?
On April 1, 2026, Engel received a grant of 37,790 additional restricted stock units. Each RSU can settle into one share of Class A common stock or cash, vesting in one-third increments on the first, second, and third anniversaries of April 1, 2026, subject to continued employment.
What are Matthew A. Engel's FOA holdings after these Form 4 transactions?
After the reported transactions, Engel directly holds 50,948 shares of Class A common stock and 12,452 restricted stock units. The remaining RSUs are scheduled to vest on specified future anniversaries, contingent on his continued employment with Finance of America Companies Inc.
How do FOA CFO Matthew Engel’s remaining RSUs vest over time?
Remaining RSUs vest on future anniversaries tied to reference dates in 2023, 2024, 2025, and 2026. Footnotes explain that vesting generally occurs on second and third anniversaries, with settlement in stock or cash at the compensation committee’s discretion, assuming Engel continues his employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
