Patrick S. Brown Amends Form 3 to Report 1,596 RSUs at Centrus (LEU)
Rhea-AI Filing Summary
Patrick Sidney Brown, SVP, Field Operations at Centrus Energy Corp. (LEU), reported beneficial ownership of 1,596 restricted stock units (RSUs). Each RSU is a contingent right to one share of the company’s Class A Common Stock and vests on April 21, 2026 provided he remains actively employed; vested shares will be delivered as soon as administratively practicable. The Form 3/A amends an earlier filing to correct an omission of the RSU amount and the power of attorney attachment.
Positive
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Negative
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Insights
TL;DR: Routine insider disclosure of 1,596 RSUs; no immediate valuation impact.
The filing shows an officer-level equity award rather than an open-market purchase or sale. The RSUs vest on a future date contingent on continued employment, so there is no immediate change to publicly tradable shares. The amendment corrects an administrative omission; it does not disclose other shareholdings or transfers. Overall, this is a routine disclosure with neutral implications for investors.
TL;DR: Demonstrates executive equity alignment; amendment fixes reporting completeness.
The report confirms the executive holds contingent equity compensation that aligns his interests with shareholders once vested. The RSU structure (one RSU per share) is straightforward and common for retention. The amendment notes a previously omitted RSU count and power of attorney attachment, indicating a compliance correction rather than a substantive governance change. Materiality is low given the size and nature of the disclosure.