FTC Solar grants director Springer 22,222 stock units
The award replaced cash consideration otherwise payable for Springer's board service and was fully vested on the grant date.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
FTC Solar, Inc. director David Springer received 22,222 fully vested restricted stock units on October 22, 2026, under the company’s 2021 Stock Incentive Plan. The grant was made in lieu of cash consideration otherwise payable for his board service. After the grant, Springer reported 711,444 shares held directly. Five indirect common-stock holdings are also reported through trusts; Springer disclaims beneficial ownership except to the extent of any pecuniary interest.
Insider Trade Summary
Grant/Award: 22,222 shares
Grant/Award
6 txns
Insider
Springer David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 22,222 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 711,444 shares (Direct);
Common Stock — 182,971 shares (Indirect, By Trust)
Footnotes (6)
- F1. Reflects a grant of restricted stock units pursuant to the Issuer's 2021 Stock Incentive Plan in lieu of cash consideration otherwise payable for the Reporting Person's service on the Issuer's board of directors and is fully vested on the date of grant.
- F2. These shares are owned directly by the ZS 2021 Trust for the benefit of the Reporting Person's child. The Reporting Person has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the ZS 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
- F3. These shares are owned directly by the NS 2021 Trust for the benefit of the Reporting Person's child. The Reporting Person has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the NS 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
- F4. These shares are owned directly by the AS 2021 Trust for the benefit of the Reporting Person's child. The Reporting Person has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the AS 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
- F5. These shares are owned directly by the DS 2022 GRAT for the benefit of the Reporting Person. The Reporting Person (a) is the sole trustee, (b) has sole voting and dispositive power with respect to the shares held by the trust and (c) has sole power to acquire for himself any asset held in the trust, including the shares, by substituting other property of equivalent value of the DS 2022 GRAT. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
- F6. These shares are owned directly by the KC 2021 Trust for the benefit of the Reporting Person's fiancee. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
Key Figures
Restricted stock units granted: 22,222 units
Direct common shares following grant: 711,444 shares
2 metrics
Restricted stock units granted
22,222 units
October 22, 2026; fully vested on the grant date
Direct common shares following grant
711,444 shares
Following the October 22, 2026 grant
Key Terms
restricted stock units, fully vested, pecuniary interest, 2021 Stock Incentive Plan, +1 more
5 terms
restricted stock units financial
"grant of restricted stock units"
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.
fully vested financial
"is fully vested on the date of grant"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
2021 Stock Incentive Plan technical
"pursuant to the Issuer's 2021 Stock Incentive Plan"
beneficial ownership regulatory
"disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many restricted stock units did FTCI director David Springer receive?
FTC Solar director David Springer received 22,222 restricted stock units on October 22, 2026. The grant was fully vested on the grant date and was made in lieu of cash consideration otherwise payable for his board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
