Lifecore director granted 25,907 RSUs
Lifecore Biomedical director Matthew E. Korenberg received a grant of 25,907 shares of common stock in the form of restricted stock units, with no cash paid per share.
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Rhea-AI Filing Summary
Lifecore Biomedical director Matthew E. Korenberg received a grant of 25,907 shares of common stock in the form of restricted stock units, with no cash paid per share. This award is compensation, not an open-market purchase, and increases his direct holdings to 69,967 shares.
The restricted stock units convert into common stock on a 1-for-1 basis and vest on the earlier of June 4, 2027 or the date of the Lifecore Biomedical annual stockholders meeting first held in calendar year 2027, provided that meeting occurs at least 50 weeks after June 4, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,907 | $0.00 | $0.00 |
Footnotes (2)
- F1. The restricted stock units convert into common stock of Lifecore Biomedical, Inc. on a 1 for 1 basis.
- F2. Vests on earlier of June 4, 2027 or the date of the annual meeting of stockholders of the Company first held in calendar year 2027 (provided such date is no less than 50 weeks from June 4, 2026).
Key Figures
Key Terms
restricted stock units financial
1 for 1 basis financial
vests financial
annual meeting of stockholders financial
FAQ
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What insider transaction did Lifecore Biomedical (LFCR) report for Matthew E. Korenberg?
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What does the 1-for-1 conversion of RSUs mean for Lifecore Biomedical (LFCR)?
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