Lifecore Biomedical (LFCR) grants 30,000 RSUs to legal chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lifecore Biomedical’s Chief Legal & Administration officer, Thomas D. Salus, was granted an equity award reported as 30,000 shares of common stock at a price of $0.00 per share. This represents a grant, award, or other acquisition rather than an open-market purchase.
Footnotes explain that the award consists of restricted stock units that convert into common stock of Lifecore Biomedical, Inc. on a 1-for-1 basis. These restricted stock units will vest on the third anniversary of the grant date. Following this award, Salus directly holds 270,978 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Salus Thomas D.
Role
Chief Legal & Administration
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 270,978 shares (Direct)
Footnotes (1)
- The restricted stock units convert into common stock of Lifecore Biomedical, Inc. on a 1 for 1 basis. Restricted Stock Units will vest on the 3rd anniversary of the grant date.
FAQ
What insider transaction did Lifecore Biomedical (LFCR) report for Thomas D. Salus?
Lifecore Biomedical reported that Thomas D. Salus received an equity award of 30,000 shares of common stock at $0.00 per share, classified as a grant, award, or other acquisition under a Form 4 insider transaction.
What type of equity did Thomas D. Salus receive from Lifecore Biomedical (LFCR)?
Thomas D. Salus received restricted stock units that convert into common stock of Lifecore Biomedical, Inc. on a 1-for-1 basis. The Form 4 lists the security as common stock with a grant-type transaction code A.
When will the restricted stock units granted to Thomas D. Salus at Lifecore Biomedical (LFCR) vest?
The restricted stock units granted to Thomas D. Salus will vest on the third anniversary of the grant date. Vesting means the units become earned and can convert into common stock according to the plan’s terms and conditions.
Was the Lifecore Biomedical (LFCR) Form 4 transaction a purchase or a grant?
The transaction was reported as a grant, award, or other acquisition rather than a market purchase. The Form 4 uses transaction code A and shows a price of $0.00 per share, indicating a compensation-related equity award.