Janus Living (JAN) director adds 13,000-share stake through IPO buy and equity grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Janus Living, Inc. director Herman Charles J Jr reported multiple equity transactions in Class A-1 Common Stock. He received a grant of 2,500 vested shares in connection with the company’s initial public offering and an additional grant of 5,000 restricted stock units as annual director compensation.
The RSUs convert one-for-one into Class A-1 Common Stock and vest in full on the earliest of the first anniversary of the grant date, the next annual stockholders’ meeting, or if his board service ends due to death or disability. He also bought 5,500 shares in an open-market transaction from the IPO underwriters at $20.00 per share, bringing his direct holdings to 13,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,500 shares ($110,000)
Net Buy
3 txns
Insider
HERMAN CHARLES J JR
Role
Director
Bought
5,500 shs ($110K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A-1 Common Stock | 2,500 | $0.00 | -- |
| Grant/Award | Class A-1 Common Stock | 5,000 | $0.00 | -- |
| Purchase | Class A-1 Common Stock | 5,500 | $20.00 | $110K |
Holdings After Transaction:
Class A-1 Common Stock — 2,500 shares (Direct)
Footnotes (1)
- Represents the grant of vested shares in connection with the Issuer's initial public offering of Class A-1 Common Stock ("IPO"). Represents the grant of restricted stock units ("RSU's") as annual equity compensation for service as a director of the Issuer. The RSUs convert on a one-for one basis into shares of Class A-1 Common Stock upon vesting, and vest in full on the earliest of the first anniversary of the grant date, the date of the Company's annual meeting of stockholders following the grant date, or the termination of the director's service due to death or disability. Represents shares purchased from the underwriters in the IPO.
FAQ
What insider transactions did JAN director Herman Charles J Jr report on this Form 4?
Herman Charles J Jr reported three transactions in Janus Living Class A-1 Common Stock: two equity grants totaling 7,500 shares and an open-market IPO purchase of 5,500 shares at $20.00 per share, increasing his direct ownership to 13,000 shares.
What equity compensation did Janus Living (JAN) grant to its director?
The director received 2,500 vested shares tied to the IPO and 5,000 restricted stock units as annual equity compensation. The RSUs convert one-for-one into Class A-1 Common Stock upon vesting, subject to the time- and service-based conditions described in the filing.
When do the Janus Living (JAN) RSUs granted to the director vest?
The 5,000 restricted stock units vest in full on the earliest of the first anniversary of the grant date, the company’s next annual stockholders’ meeting after the grant date, or the director’s service ending due to death or disability, after which they convert into common shares.