Local Bounti (LOCL) outlines interim CFO RSU grant and vesting
Rhea-AI Filing Summary
Local Bounti Corporation reported the equity holdings of its interim CFO, Anthony Hughes. The filing shows beneficial ownership of 83,334 shares of common stock, representing restricted stock units granted under the company’s 2021 Equity Incentive Plan.
These 83,334 RSUs are scheduled to vest in two equal installments on April 1, 2026 and April 1, 2027, as long as Hughes continues to provide service to Local Bounti on each vesting date. The securities are held directly, and the statement is filed by a single reporting person in his capacity as an officer.
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FAQ
What insider ownership did Local Bounti (LOCL) disclose for its interim CFO?
The company disclosed that interim CFO Anthony Hughes beneficially owns 83,334 shares of common stock in the form of restricted stock units granted under the 2021 Equity Incentive Plan.
How many restricted stock units did the Local Bounti (LOCL) interim CFO receive and when do they vest?
Anthony Hughes received 83,334 RSUs, which vest in two equal installments on April 1, 2026 and April 1, 2027, subject to his continuous service on each vesting date.
What role does the reporting person hold at Local Bounti (LOCL)?
The reporting person, Anthony Hughes, is identified as an officer of Local Bounti, serving as the company’s interim CFO.
Is the Local Bounti (LOCL) insider equity award held directly or indirectly?
The filing shows the 83,334 RSUs are held with an ownership form labeled Direct (D), indicating direct beneficial ownership by the interim CFO.
Under which plan were the interim CFO’s RSUs at Local Bounti (LOCL) granted?
The 83,334 restricted stock units were issued under Local Bounti’s 2021 Equity Incentive Plan, as stated in the explanation of responses.