Mimi K. Drake awarded 5,504 RSUs in Star Equity (NASDAQ: STRR) stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drake Mimi K reported acquisition or exercise transactions in this Form 4 filing.
Star Equity Holdings, Inc. director Mimi K. Drake received an equity award of 5,504 shares of common stock in the form of Restricted Stock Units under the company’s 2009 Incentive Stock and Awards Plan. After this grant, she directly holds 43,834 shares, including previously awarded RSUs and deferred shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drake Mimi K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,504 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,834 shares (Direct, null)
Footnotes (1)
- Includes 5,504 Restricted Stock Units credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock payable upon the first anniversary of the grant date. The number of Restricted Stock Units granted was determined using the closing price on May 27, 2026. Includes 12,516 Restricted Stock Units and 1,674 deferred shares credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated. Each Restricted Stock Unit and deferred share represents the right to receive, at settlement, one share of common stock payable upon the first anniversary of the respective dates of grant of each award of Restricted Stock Units.
Key Figures
RSUs granted: 5,504 shares
Shares after transaction: 43,834 shares
Existing RSUs: 12,516 units
+2 more
5 metrics
RSUs granted
5,504 shares
Restricted Stock Units granted on May 27, 2026
Shares after transaction
43,834 shares
Total direct holdings following the grant
Existing RSUs
12,516 units
Previously credited RSUs under 2009 plan
Deferred shares
1,674 shares
Deferred shares credited under 2009 plan
Grant price reference date
May 27, 2026
Grant size based on closing price on this date
Key Terms
Restricted Stock Units, deferred shares, 2009 Incentive Stock and Awards Plan, grant date
4 terms
Restricted Stock Units financial
"Includes 5,504 Restricted Stock Units credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan"
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.
2009 Incentive Stock and Awards Plan financial
"credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated"
grant date financial
"payable upon the first anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What did Star Equity (STRR) director Mimi K. Drake report in this Form 4?
Mimi K. Drake reported receiving 5,504 Restricted Stock Units of Star Equity common stock as a compensation grant. These units were awarded under the company’s 2009 Incentive Stock and Awards Plan and increase her total direct holdings reported after the transaction to 43,834 shares.
What are the terms of the 5,504 Restricted Stock Units granted to Mimi K. Drake?
The 5,504 Restricted Stock Units each represent one future share of Star Equity common stock. They are payable at settlement on the first anniversary of the May 27, 2026 grant date, with the grant size based on the closing share price on that date.
Does the Form 4 indicate a market purchase or sale by Mimi K. Drake?
No, the Form 4 reflects a grant or award acquisition rather than an open-market trade. The 5,504 shares were received at a stated price of $0.0000 per share as part of equity compensation, not bought or sold on the market.
What additional equity awards does Mimi K. Drake have under Star Equity’s plan?
In addition to the new 5,504 units, Drake has 12,516 RSUs and 1,674 deferred shares credited under the 2009 Incentive Stock and Awards Plan. Each RSU and deferred share converts into one common share at settlement on the first anniversary of its respective grant date.