International Money Express (IMXI) director granted 1,075 restricted shares as stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Purcell Michael J. reported acquisition or exercise transactions in this Form 4 filing.
International Money Express, Inc. director Michael J. Purcell received an award of 1,075 shares of common stock at a grant value of $14.54 per share. This award is in the form of restricted stock that will vest on 09/30/2026, subject to his continued service as a director. Following this grant, he holds 87,696 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Purcell Michael J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,075 | $14.54 | $16K |
Holdings After Transaction:
Common Stock — 87,696 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 1,075 shares
Grant value per share: $14.54 per share
Total shares after transaction: 87,696 shares
+1 more
4 metrics
Restricted shares granted
1,075 shares
Award of common stock to director on July 1, 2026
Grant value per share
$14.54 per share
Recorded price for restricted stock award
Total shares after transaction
87,696 shares
Director’s direct holdings following the grant
Vesting date
September 30, 2026
Restricted stock vests if director continues service
Key Terms
restricted stock, vest, director, Grant, award, or other acquisition
4 terms
restricted stock financial
"The reported transaction is an award of restricted stock, subject to the reporting person's continued service"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest financial
"This restricted stock will vest on 09/30/2026."
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.
director financial
"subject to the reporting person's continued service as a director of the issuer."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did International Money Express (IMXI) report for Michael J. Purcell?
International Money Express reported that director Michael J. Purcell received a grant of 1,075 shares of common stock as restricted stock. The award is compensation-related, not an open-market purchase or sale, and increases his directly held position in IMXI shares.
When will Michael J. Purcell’s restricted stock in International Money Express (IMXI) vest?
Michael J. Purcell’s 1,075 restricted shares will vest on September 30, 2026. Vesting is conditioned on his continued service as a director, meaning he must remain on the board through that date to receive the full benefit.
Is Michael J. Purcell’s recent International Money Express (IMXI) transaction a market buy or sell?
The transaction is a grant of restricted stock as compensation, not a market buy or sell. The Form 4 uses code “A” for an award or other acquisition, indicating shares were received from the company rather than purchased or sold on the open market.