Finance of America (NYSE: FOA) director adds shares via RSU vesting
Rhea-AI Filing Summary
Finance of America Companies Inc. director and ten-percent owner Brian L. Libman reported routine equity compensation activity. On May 15, 2026, 4,570 restricted stock units vested and were exercised into Class A Common Stock, bringing his direct holdings to 35,344 shares. On May 18, 2026, he received a new grant of 5,094 RSUs, each convertible one-for-one into common shares. Footnotes show additional indirect holdings of 1,086,956 shares through an entity where he serves as trustee and 24,173 shares through Libman Family Holdings, LLC, for which he is the sole manager.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,570 shares
Net Buy
5 txns
Insider
LIBMAN BRIAN L
Role
Director, 10% Owner
| 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 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,094 shares (Direct);
Class A Common Stock — 35,344 shares (Direct);
Class A Common Stock — 1,111,129 shares (Indirect, See Footnote)
Footnotes (6)
- 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. Reflects securities held by an entity for which Brian L. Libman serves as a trustee.
- F3. Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman.
- F4. 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.
- F5. Reflects RSUs that vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting following the date of grant.
- F6. 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
RSUs vested and exercised: 4,570 shares
New RSU grant: 5,094 RSUs
Direct common stock holdings: 35,344 shares
+3 more
6 metrics
RSUs vested and exercised
4,570 shares
Restricted Stock Units converting to Class A Common Stock on May 15, 2026
New RSU grant
5,094 RSUs
Grant of restricted stock units on May 18, 2026
Direct common stock holdings
35,344 shares
Class A Common Stock held directly after RSU exercise
Indirect holdings via trustee entity
1,086,956 shares
Class A Common Stock held by an entity where Libman is trustee
Indirect holdings via LLC
24,173 shares
Class A Common Stock held by Libman Family Holdings, LLC
Exercise price of RSUs
$0.00 per share
RSU conversion into Class A Common Stock
Key Terms
Restricted Stock Units, derivative security, indirect ownership, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Reflects restricted stock units ("RSUs") that, upon vesting, converted into shares of Class A Common Stock of the Issuer"
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.
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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: See Footnote, reflecting securities held by related entities"
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock"
vest financial
"Reflects RSUs that vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Brian Libman report for FOA on this Form 4?
Brian Libman reported vesting and exercise of 4,570 restricted stock units into Class A Common Stock and a new grant of 5,094 RSUs. These transactions reflect equity compensation rather than open-market buying or selling of Finance of America Companies Inc. shares.
What new restricted stock units did Brian Libman receive from FOA?
Brian Libman received a grant of 5,094 restricted stock units, each representing a contingent right to one share of Class A Common Stock. These RSUs will settle in stock, cash, or a combination, at the discretion of the issuer’s compensation committee when vesting conditions are met.
How do the RSUs reported for FOA convert into common stock?
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Finance of America Companies Inc. Upon vesting, RSUs may be settled in stock, cash, or a mix, at the discretion of the company’s compensation committee.