Fermi (FRMI) director Cordel Robbin-Coker granted 175,094 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robbin-Coker Cordel reported acquisition or exercise transactions in this Form 4 filing.
Fermi Inc. director Cordel Robbin-Coker received an equity grant of 175,094 restricted stock units, representing shares of common stock, at no purchase price. These RSUs were granted under Fermi’s 2025 Long-Term Incentive Plan as part of his compensation.
The award vests in three tranches, all subject to his continued service with the company. Vesting is scheduled for 69,638 RSUs on September 30, 2026, 35,818 RSUs on May 29, 2027, and 69,638 RSUs on September 30, 2027. Following this grant, his reported direct holdings from this award total 175,094 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Robbin-Coker Cordel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 175,094 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 175,094 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 175,094 units
Grant price: $0.00 per unit
First vesting tranche: 69,638 units
+3 more
6 metrics
RSU grant size
175,094 units
Restricted stock units granted to Cordel Robbin-Coker
Grant price
$0.00 per unit
Stated price per share for RSU award
First vesting tranche
69,638 units
Scheduled to vest on September 30, 2026
Second vesting tranche
35,818 units
Scheduled to vest on May 29, 2027
Third vesting tranche
69,638 units
Scheduled to vest on September 30, 2027
Shares after transaction
175,094 units
Total direct holdings from this award following the grant
Key Terms
restricted stock units, RSUs, 2025 Long-Term Incentive Plan, transaction code A
4 terms
restricted stock units financial
"Represents an award of restricted stock units ("RSUs") 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.
RSUs financial
"Represents an award of restricted stock units ("RSUs") of the Issuer"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2025 Long-Term Incentive Plan financial
"granted to Mr. Robbin-Coker under the Issuer's 2025 Long-Term Incentive Plan"
transaction code A financial
"transaction_code": "A","transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Fermi Inc. (FRMI) disclose in this Form 4 filing?
Fermi Inc. reported a grant of 175,094 restricted stock units to director Cordel Robbin-Coker. The RSUs were awarded under the 2025 Long-Term Incentive Plan and will vest over multiple future dates, contingent on his continued service with the company.
What is the vesting schedule for Cordel Robbin-Coker’s FRMI RSU award?
The RSU award vests in three installments: 69,638 units on September 30, 2026, 35,818 units on May 29, 2027, and 69,638 units on September 30, 2027. Each tranche requires Mr. Robbin-Coker to maintain a service relationship through the applicable vesting date.
Under which plan were the Fermi (FRMI) RSUs granted to Cordel Robbin-Coker?
The restricted stock units were granted under Fermi’s 2025 Long-Term Incentive Plan. This plan is designed to deliver equity-based compensation, aligning directors’ and executives’ interests with shareholders through time-vested stock-based awards such as RSUs.
Does this Fermi (FRMI) Form 4 show any stock sales by Cordel Robbin-Coker?
The Form 4 shows only an acquisition of 175,094 restricted stock units and no stock sales. The transaction code is “A,” indicating a grant or award, and the transaction summary records one acquisition event with zero shares sold or disposed of.