Latch grants Sugrue 545,833 RSUs as director pay
Latch, Inc. director Andrew Sugrue received a large RSU grant vesting around the 2027 annual meeting, increasing his reported equity stake.
Rhea-AI Filing Summary
Latch, Inc. (symbol: LTCH) is the issuer of record for a Form 4 filing submitted to the SEC. Sugrue Andrew reported acquisition or exercise transactions in this Form 4 filing.
Latch, Inc. (LTCH) director Andrew Sugrue received a grant of 545,833 restricted stock units (RSUs) of common stock on September 8, 2026. The RSUs vest in full on the earlier of the one-year anniversary of the grant date or immediately prior to the election of directors at the 2027 annual meeting, subject to his continued Board service. Following this grant, he holds 713,359 shares directly and also reports indirect holdings through Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC and Avenir Latch Investors III, LLC, over which he and Avenir Management Company, LLC may be deemed to share beneficial ownership, which he disclaims except for his pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 545,833 shares
Grant/Award
4 txns
Insider
Sugrue Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 545,833 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 713,359 shares (Direct);
Common Stock — 7,901,893 shares (Indirect, By Avenir Latch Investors, LLC);
Common Stock — 6,981,953 shares (Indirect, By Avenir Latch Investors II, LLC);
Common Stock — 6,551,705 shares (Indirect, By Avenir Latch Investors III, LLC)
Footnotes (2)
- F1. Represents restricted stock units ("RSUs") granted to the reporting person on September 8, 2026. The RSUs vest in full on the earlier of (i) the one-year anniversary of the grant date or (ii) immediately prior to the election of the nominees for director at the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's continued service on the Board through the applicable vesting date.
- F2. Avenir Management Company, LLC is the manager of each of Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC and Avenir Latch Investors III, LLC. Avenir Management Company, LLC is controlled by an investment committee comprised of Andrew Sugrue and James M. Reynolds, IV. As a result, each of Avenir Management Company, LLC and Messrs. Sugrue and Reynolds may be deemed to share beneficial ownership over the securities reported herein. Each of Messrs. Sugrue and Reynolds disclaims any such beneficial ownership except to the extent of their pecuniary interests therein.
Key Figures
RSUs granted: 545,833 units
Direct common shares after grant: 713,359 shares
Indirect common shares via Avenir Latch Investors, LLC: 7,901,893 shares
+2 more
5 metrics
RSUs granted
545,833 units
Restricted stock units granted to Andrew Sugrue on September 8, 2026
Direct common shares after grant
713,359 shares
Direct holdings of Andrew Sugrue following the September 8, 2026 grant
Indirect common shares via Avenir Latch Investors, LLC
7,901,893 shares
Indirect holdings reported as held by Avenir Latch Investors, LLC
Indirect common shares via Avenir Latch Investors II, LLC
6,981,953 shares
Indirect holdings reported as held by Avenir Latch Investors II, LLC
Indirect common shares via Avenir Latch Investors III, LLC
6,551,705 shares
Indirect holdings reported as held by Avenir Latch Investors III, LLC
Key Terms
restricted stock units ("RSUs"), beneficial ownership, pecuniary interests
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the reporting person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
beneficial ownership financial
"may be deemed to share beneficial ownership over the securities reported"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interests financial
"disclaims any such beneficial ownership except to the extent of their pecuniary interests"
FAQ
What did Latch, Inc. (LTCH) director Andrew Sugrue receive in this Form 4 filing?
He received a grant of 545,833 restricted stock units (RSUs) of Latch, Inc. common stock on September 8, 2026 as reported in the filing.
When do the new RSUs for LTCH director Andrew Sugrue vest?
The RSUs vest in full on the earlier of one year after September 8, 2026 or immediately prior to the election of nominees for director at Latch’s 2027 annual meeting, subject to his continued service on the Board through the vesting date.
What indirect holdings in Latch (LTCH) are associated with Andrew Sugrue?
He reports indirect ownership of Latch common stock held by Avenir Latch Investors, LLC (7,901,893 shares), Avenir Latch Investors II, LLC (6,981,953 shares), and Avenir Latch Investors III, LLC (6,551,705 shares), through Avenir Management Company, LLC.
Were the LTCH transactions reported under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that the reported RSU grant or holdings are under a Rule 10b5-1 trading plan.
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