indie Semiconductor director gets 2,641-share grant
INDI director Jeffrey J. Owens received fully vested RSUs in lieu of cash fees, then converted them into additional Class A Common Stock.
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) reported that director Jeffrey J. Owens received a grant of 2,641 Restricted Stock Units on September 1, 2026. These RSUs were fully vested on the grant date and were issued in lieu of a quarterly cash retainer and any chairperson fees under a voluntary independent director compensation program approved in June 2023.
On the same date, the 2,641 RSUs were converted into 2,641 shares of Class A Common Stock at a stated price of $0.00 per share, increasing his directly held Class A Common Stock to 227,572 shares. No Rule 10b5-1 trading plan is reported, and no open-market purchases or sales were disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,641 shares exercised/converted
Exercise
3 txns
Insider
OWENS JEFFREY J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 2,641 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2 | 2,641 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,641 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 227,572 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
- F2. Represents Restricted Stock Units that were fully vested as of the grant date. These Restricted Stock Units represent shares received in lieu of a quarterly cash retainer and chairperson fees, if any, as part of a voluntary independent director compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone quarterly cash retainer and chairperson fees, if any, divided by the closing trading price of INDI on the date of grant.
Key Figures
Restricted Stock Units granted: 2,641 units
RSUs converted to Class A Common Stock: 2,641 shares
Class A Common Stock acquired from conversion: 2,641 shares
+2 more
5 metrics
Restricted Stock Units granted
2,641 units
Fully vested RSUs granted September 1, 2026 in lieu of cash fees
RSUs converted to Class A Common Stock
2,641 shares
RSUs exercised/converted on September 1, 2026
Class A Common Stock acquired from conversion
2,641 shares
Non-derivative acquisition on September 1, 2026 at $0.00 per share
Class A Common Stock held after transaction
227,572 shares
Direct ownership following the September 1, 2026 conversion
RSU to share ratio
1 RSU = 1 share
Each Restricted Stock Unit represents a contingent right to receive one share
Key Terms
Restricted Stock Units, contingent right, quarterly cash retainer, voluntary independent director compensation program
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of Class A Common"
quarterly cash retainer financial
"shares received in lieu of a quarterly cash retainer and chairperson fees"
voluntary independent director compensation program financial
"as part of a voluntary independent director compensation program as approved"
FAQ
What did INDI director Jeffrey J. Owens report in this Form 4?
He reported a grant of 2,641 Restricted Stock Units on September 1, 2026, which were fully vested and issued in lieu of a quarterly cash retainer and any chairperson fees, and their conversion into 2,641 shares of Class A Common Stock the same day.
What is Jeffrey J. Owens’s INDI Class A Common Stock holding after this Form 4?
After the reported transactions, Jeffrey J. Owens directly holds 227,572 shares of indie Semiconductor Class A Common Stock, as disclosed in the Form 4 for the non-derivative transaction on September 1, 2026.
Were the INDI Restricted Stock Units granted to Jeffrey J. Owens part of a cash-for-stock program?
Yes. The 2,641 Restricted Stock Units represent shares received in lieu of a quarterly cash retainer and any chairperson fees under a voluntary independent director compensation program approved by the Board of Directors in June 2023.
Was a Rule 10b5-1 trading plan involved in Jeffrey J. Owens’s INDI transactions?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so these transactions are not reported as having been made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
