Director at Local Bounti (NYSE: LOCL) receives 62,949 RSUs award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brewster Pamela reported acquisition or exercise transactions in this Form 4 filing.
Local Bounti Corporation director Pamela Brewster reported an equity grant of 62,949 shares of Common Stock on June 10, 2026. The award is structured as restricted stock units that carry a grant price of $0.00 per share and increase her direct holdings to 266,124 shares.
The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders’ meeting or June 10, 2027, subject to her continued service as a director. This filing reflects compensation in equity rather than a market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brewster Pamela
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 62,949 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 266,124 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 62,949 shares
Grant price: $0.00 per share
Shares owned after grant: 266,124 shares
+1 more
4 metrics
RSUs granted
62,949 shares
Common Stock award on June 10, 2026
Grant price
$0.00 per share
Restricted stock unit award
Shares owned after grant
266,124 shares
Total direct holdings following transaction
Latest vesting date
June 10, 2027
RSUs vest earlier of this date or day before next annual meeting
Key Terms
RSUs, annual stockholders' meeting, continued service, Common Stock
4 terms
RSUs financial
"The RSUs will vest on the earlier of (1) the day before the Issuer's next annual stockholders' meeting or (2) June 10, 2027"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
annual stockholders' meeting regulatory
"The RSUs will vest on the earlier of (1) the day before the Issuer's next annual stockholders' meeting"
continued service financial
"subject to the director's continued service"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Pamela Brewster report in her Form 4 for Local Bounti (LOCL)?
Pamela Brewster reported receiving an equity grant of 62,949 shares of Local Bounti Common Stock. The grant was priced at $0.00 per share and represents a director compensation award rather than a market transaction, increasing her direct holdings to 266,124 shares.
When do Pamela Brewster’s Local Bounti RSUs vest?
The RSUs granted to Pamela Brewster vest on the earlier of the day before Local Bounti’s next annual stockholders’ meeting or June 10, 2027. Vesting is conditioned on her continued service as a director through that applicable vesting date.
Is Pamela Brewster’s Form 4 transaction a market buy or sell of Local Bounti stock?
The Form 4 does not report a market buy or sell. Instead, it shows a grant of 62,949 restricted stock units of Local Bounti Common Stock at $0.00 per share, reflecting equity-based director compensation rather than open-market trading activity.