Katapult (KPLT) director Schutt awarded 594,320 shares tied to CCF units
Rhea-AI Filing Summary
Katapult Holdings, Inc. director Eugene R. Schutt Jr reported an acquisition of 594,320 shares of common stock via a grant or award. Following this award, his directly held common stock position increased to 596,320 shares. The award reflects a right to receive Katapult common shares in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC, deliverable twelve months after termination of the CCF Holdings, LLC 2021 management incentive plan in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into Katapult. On the mergers’ effective date, Katapult’s common stock closed at $8.00 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 594,320 shares
Net Buy
1 txn
Insider
Schutt Eugene R Jr
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 594,320 | -- | -- |
Holdings After Transaction:
Common Stock — 596,320 shares (Direct)
Footnotes (1)
- F1. Reflects the right to receive shares of the Issuer's common stock in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC twelve months following the termination of the CCF Holdings, LLC 2021 management incentive plan in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into the Issuer (the "Mergers"). On the effective date of the Mergers, the closing price of the Issuer's common stock was $8.00 per share.
Key Figures
Shares acquired: 594,320 shares
Total shares after transaction: 596,320 shares
Phantom restricted units: 18,447,791 units
+1 more
4 metrics
Shares acquired
594,320 shares
Grant/award acquisition of Katapult common stock reported by director
Total shares after transaction
596,320 shares
Director’s directly held Katapult common stock following the award
Phantom restricted units
18,447,791 units
CCF Holdings, LLC phantom restricted units exchangeable into Katapult shares
Closing price on mergers’ effective date
$8.00 per share
Katapult common stock closing price on effective date of the mergers
Key Terms
phantom restricted units, management incentive plan, Mergers
3 terms
phantom restricted units financial
"Reflects the right to receive shares ... in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC"
management incentive plan financial
"twelve months following the termination of the CCF Holdings, LLC 2021 management incentive plan"
A management incentive plan is a structured pay program that rewards company executives and senior managers when they meet specific goals, using cash bonuses, stock awards, or options. It matters to investors because it helps align leaders’ actions with shareholder interests—like tying a coach’s bonus to a team’s wins—while influencing retention, risk-taking and potential share dilution, all of which can affect company performance and stock value.
Mergers financial
"in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into the Issuer (the "Mergers")"
A merger is when two companies join to form a single business, combining their assets, operations and leadership much like two households moving into one home to share resources and cut duplicate costs. For investors, mergers matter because they can change a company's future profits and risk: successful mergers may boost growth and lower costs, while failed integrations can hurt earnings, alter share counts and shift stock prices.
FAQ
What insider transaction did Katapult (KPLT) director Eugene R. Schutt Jr report?
Director Eugene R. Schutt Jr reported a grant/award acquisition of 594,320 shares of Katapult common stock, increasing his directly held position to 596,320 shares according to the Form 4 filing.
What is the size of the equity award reported in the Katapult (KPLT) Form 4?
The Form 4 shows a grant or award of 594,320 shares of Katapult common stock. This acquisition is categorized as a non-derivative transaction with code "A" for a grant, award, or other acquisition.
What stock price reference is disclosed in the Katapult (KPLT) Form 4 footnote?
A footnote states that on the effective date of the mergers involving Katapult, the closing price of Katapult’s common stock was $8.00 per share, providing a reference point for the equity arrangement described.
Was the Katapult (KPLT) insider transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox as not checked, so the reported acquisition of 594,320 shares was not affirmatively stated to be executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.