Director exercises 460 preferred RSUs at Star Equity
Star Equity Holdings director Jennifer Palmer exercised restricted stock units into preferred shares.
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Form Type
4
Rhea-AI Filing Summary
Star Equity Holdings director Jennifer Palmer exercised restricted stock units into preferred shares. On May 19, 2026, 460 Restricted Stock Units fully vested and were settled into 460 shares of 10.0% Series A Cumulative Perpetual Preferred Stock. These RSUs were originally granted on May 19, 2025 by Star Operating Companies, Inc. and later exchanged into 460 RSUs under an Agreement and Plan of Merger dated May 21, 2025. Following the settlement, Palmer directly holds 460 shares of Series A Preferred Stock and no remaining RSUs from this grant, reflecting a routine, compensation-related conversion rather than an open-market trade.
Insider Trade Summary
460 shares exercised/converted
Exercise
2 txns
Insider
Palmer Jennifer
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 460 | $0.00 | $0.00 |
| Exercise | Series A Preferred Stock | 460 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Series A Preferred Stock — 460 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock").
- F2. This transaction represents the settlement of Restricted Stock Units in shares of Series A Preferred Stock on their scheduled vesting date.
- F3. On May 19, 2025, the Reporting Person was granted Restricted Stock Units by Star Operating Companies, Inc. ("SOC"), each of which represented the right to receive, at settlement, one share of SOC Series A Preferred Stock ("SOC RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025, by and among SOC, the Issuer and HSON Merger Sub, Inc., a wholly owned subsidiary of the Issuer, the Reporting Person's SOC RSUs were exchanged for 460 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on May 19, 2026.
Key Figures
RSUs settled: 460 units
Preferred shares received: 460 shares
Price per share: $0.0000 per share
+1 more
4 metrics
RSUs settled
460 units
Restricted Stock Units vested and settled on May 19, 2026
Preferred shares received
460 shares
10.0% Series A Cumulative Perpetual Preferred Stock received at settlement
Price per share
$0.0000 per share
Reported transaction price for conversion of RSUs
Shares held after transaction
460 shares
Total Series A Preferred Stock directly owned following settlement
Key Terms
Restricted Stock Unit, 10.0% Series A Cumulative Perpetual Preferred Stock, Agreement and Plan of Merger, vesting date, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
10.0% Series A Cumulative Perpetual Preferred Stock financial
"one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share"
Agreement and Plan of Merger financial
"Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025, by and among SOC, the Issuer and HSON Merger Sub, Inc."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
vesting date financial
"This transaction represents the settlement of Restricted Stock Units in shares of Series A Preferred Stock on their scheduled vesting date"
Series A Preferred Stock financial
"shares of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Star Equity Holdings (STRR) report for Jennifer Palmer?
Star Equity Holdings reported that director Jennifer Palmer settled 460 Restricted Stock Units into 460 shares of 10.0% Series A Cumulative Perpetual Preferred Stock, reflecting a routine compensation-related conversion rather than an open-market purchase or sale of shares.
Were Jennifer Palmer’s Star Equity (HSON/STRR) transactions open-market buys or sells?
The transactions were not open-market buys or sells. They were coded as derivative exercises, reflecting the vesting and settlement of Restricted Stock Units into preferred shares, with no reported open-market purchase or sale of Star Equity Holdings stock.
What is the origin of the 460 RSUs reported in this Star Equity Form 4?
The 460 RSUs originated from a May 19, 2025 grant by Star Operating Companies, Inc. Those SOC RSUs were later exchanged into 460 Star Equity RSUs under an Agreement and Plan of Merger dated May 21, 2025, then vested and settled in 2026.
What does the vesting schedule show for Jennifer Palmer’s RSUs at Star Equity Holdings?
For this specific grant, the vesting schedule shows that 100% of the 460 Restricted Stock Units vested on May 19, 2026. Upon vesting, they were immediately settled into 460 shares of 10.0% Series A Cumulative Perpetual Preferred Stock.
How many RSUs remain outstanding for Jennifer Palmer after this Star Equity transaction?
After this transaction, the filing shows zero Restricted Stock Units remaining from this grant, with total RSUs following the transaction reported as 0.0000. Palmer continues to directly hold the 460 Series A Preferred shares received at settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
