Mobility Global (MBGL) grants large RSU awards to CARFAX president Fredericks Scott
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mobility Global Inc. reported that Fredericks Scott, President of CARFAX, received two stock awards of its common stock on July 1, 2026. These awards were classified as grants or other acquisitions rather than open‑market purchases and carried a price of $0.00 per share.
The transactions reflect the conversion of existing S&P Global restricted stock units and performance-based RSUs into Mobility Global RSUs following S&P Global’s pro‑rata spin‑off of Mobility Global. One award covered 136,628 shares, and another covered 82,437 shares, both subject to multi‑year vesting schedules under Mobility Global’s 2026 Long Term Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fredericks Scott
Role
President, CARFAX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 82,437 | $0.00 | -- |
| Grant/Award | Common Stock | 136,628 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 99,734 shares (Direct, null)
Footnotes (1)
- On July 1, 2026, 2026, S&P Global Inc. ("S&P Global") completed a pro-rata spinoff distribution ("Spin-Off") of all of its shares of Issuer common stock to the holders of record of S&P Global's common stock on June 15, 2026 (the "Record Date"). In connection with the Spin-Off, pursuant to the terms of the Employee Matters Agreement, dated as of June 30, 2026, by and between S&P Global and the Issuer and the anti-dilution adjustment provisions under the applicable S&P Global equity incentive plans, certain restricted stock units and performance-based restricted stock units with respect to S&P Global common stock ("S&P Global RSUs" and "S&P Global PSUs", as applicable) were equitably adjusted and converted into restricted stock units with respect to Issuer common stock ("Mobility RSUs"), based on the quotient of (i) the one-day volume weighted average price ("VWAP") of S&P Global common stock on June 30, 2026 and (ii) the one-day VWAP of Issuer common stock on July 1, 2026 (such adjustment, the "Equity Award Conversion"). Represents the grant of Mobility RSUs upon the conversion of S&P Global RSUs held by the Reporting Person as of immediately prior to the Spin-Off pursuant to the Equity Award Conversion. The Mobility RSUs were granted pursuant to the Issuer's 2026 Long Term Incentive Plan (the "Mobility Plan") and are generally subject to the same terms and conditions as applied to the corresponding S&P Global RSUs. The Mobility RSUs are subject to vesting as follows: (i) 5,445 are scheduled to vest in substantially equal installments on each of December 31, 2026 and December 31, 2027, (ii) 3,456 are scheduled to vest in full on December 31, 2026, and (iii) 73,536 are scheduled to vest in substantially equal installments on each of March 1, 2027, March 1, 2028 and March 1, 2029, in each case, subject to the terms of each applicable S&P Global award agreement. Includes shares of Issuer common stock received in connection with the Spin-Off in respect of shares of S&P Global common stock held as of the Record Date. Represents the grant of Mobility RSUs upon the conversion of S&P Global PSUs held by the Reporting Person as of immediately prior to the Spin-Off pursuant to the Equity Award Conversion, with the applicable performance goals deemed achieved at actual performance levels through July 1, 2026. The Mobility RSUs were granted pursuant to the Mobility Plan and are generally subject to the same terms and conditions as applied to the corresponding S&P Global PSUs (except that any performance conditions have been waived). The Mobility RSUs are subject to vesting as follows: (i) 78,980 are scheduled to vest in full on December 31, 2026, and (ii) 57,648 are scheduled to vest in full on December 31, 2027, in each case, subject to the terms of each applicable S&P Global award agreement.
Key Figures
RSU grant from S&P Global RSUs: 136,628 shares
RSU grant from S&P Global PSUs: 82,437 shares
Post-grant direct holdings (entry 1): 236,362 shares
+5 more
8 metrics
RSU grant from S&P Global RSUs
136,628 shares
Mobility Global common stock grant on July 1, 2026
RSU grant from S&P Global PSUs
82,437 shares
Mobility Global common stock grant on July 1, 2026
Post-grant direct holdings (entry 1)
236,362 shares
Total common stock following first grant
Post-grant direct holdings (entry 2)
99,734 shares
Total common stock following second grant
Grant price per share
$0.00 per share
Both common stock awards on July 1, 2026
Vesting tranche 1 (converted RSUs)
5,445 shares
Scheduled to vest on December 31, 2026 and 2027
Vesting tranche 2 (converted PSUs)
78,980 shares
Scheduled to vest in full on December 31, 2026
Multi-year vesting tranche
73,536 shares
Vest in equal installments on March 1, 2027–2029
Key Terms
pro-rata spinoff distribution, restricted stock units, performance-based restricted stock units, Equity Award Conversion, +2 more
6 terms
pro-rata spinoff distribution financial
"completed a pro-rata spinoff distribution ("Spin-Off") of all of its shares"
restricted stock units financial
"certain restricted stock units and performance-based restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"restricted stock units and performance-based restricted stock units with respect to S&P Global"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Equity Award Conversion financial
"such adjustment, the "Equity Award Conversion""
2026 Long Term Incentive Plan financial
"The Mobility RSUs were granted pursuant to the Issuer's 2026 Long Term Incentive Plan"
performance goals deemed achieved financial
"with the applicable performance goals deemed achieved at actual performance levels"
FAQ
What insider transaction did Mobility Global (MBGL) disclose for Fredericks Scott?
Mobility Global disclosed two stock grants to Fredericks Scott. On July 1, 2026, he received awards of 136,628 and 82,437 shares of common stock at no cost, reflecting converted S&P Global equity awards after the Mobility Global spin-off.
Were the Mobility Global (MBGL) transactions open-market buys or compensation grants?
The transactions were compensation-related grants, not open-market buys. Both entries use code "A" for grant or award acquisitions, with a transaction price of $0.00 per share, indicating equity compensation rather than discretionary purchases in the market.
What is the connection between Mobility Global (MBGL) grants and the S&P Global spin-off?
The grants stem from S&P Global’s pro-rata spin-off of Mobility Global. Existing S&P Global RSUs and PSUs were equitably adjusted and converted into Mobility RSUs under an Employee Matters Agreement and equity award conversion provisions tied to the spin-off.
How do the Mobility Global (MBGL) RSU awards to Fredericks Scott vest?
The Mobility RSUs vest over several future dates. Footnotes describe tranches vesting on December 31, 2026 and 2027, and in substantially equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to the applicable award agreements.