Midera Food Processing (MFP) awards 12,463 RSUs to COO Bowie
Rhea-AI Filing Summary
Bowie Mark S. reported acquisition or exercise transactions in this Form 4 filing.
Midera Food Processing, Inc. granted Chief Operating Officer Mark S. Bowie 12,463 time-based restricted stock units, each representing a right to receive one share of common stock upon vesting. The units vest 33% on July 1, 2027, 33% on July 1, 2028, and 34% on July 1, 2029, are reported as directly owned, and the transaction was affirmed under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 12,463 shares
Net Buy
1 txn
Insider
Bowie Mark S.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 12,463 | -- | -- |
Holdings After Transaction:
Common Stock — 12,463 shares (Direct)
Footnotes (1)
- F1. These shares represent time-based restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock on the applicable vesting date. These RSUs will vest 33% of the amount on July 1, 2027, 33% of the amount on July 1, 2028 and 34% of the amount on July 1, 2029. Vested shares will be issued to the reporting person after the applicable vesting date.
Key Figures
RSUs granted: 12,463 units
Vesting on July 1, 2027: 33%
Vesting on July 1, 2028: 33%
+2 more
5 metrics
RSUs granted
12,463 units
Time-based restricted stock units granted to COO Mark S. Bowie
Vesting on July 1, 2027
33%
First tranche of RSUs vests on July 1, 2027
Vesting on July 1, 2028
33%
Second tranche of RSUs vests on July 1, 2028
Vesting on July 1, 2029
34%
Final tranche of RSUs vests on July 1, 2029
Reported holdings after award
12,463 units
Total units reported as directly owned following the transaction
Key Terms
restricted stock units ("RSUs"), contingent right, vesting date, Vested shares
4 terms
restricted stock units ("RSUs") financial
"These shares represent time-based restricted stock units ("RSUs")."
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
vesting date financial
"receive one share of common stock on the applicable vesting date."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Mark S. Bowie report receiving in this MFP Form 4?
Mark S. Bowie reported receiving 12,463 time-based restricted stock units (RSUs), each representing a right to receive one share of Midera Food Processing common stock upon vesting, with the entire award reported as directly owned after the transaction.
How do the 12,463 RSUs for MFP’s COO vest over time?
The 12,463 RSUs vest in three tranches: 33% on July 1, 2027, 33% on July 1, 2028, and 34% on July 1, 2029. Vested shares will then be issued to Mark S. Bowie after each applicable vesting date.
What is Mark S. Bowie’s role at Midera Food Processing (MFP)?
Mark S. Bowie is the Chief Operating Officer of Midera Food Processing, Inc. The reported grant of 12,463 time-based RSUs represents equity-based compensation tied to his executive role at the company.
Was the MFP RSU award to Mark S. Bowie under a Rule 10b5-1 plan?
Yes. The filing indicates the transaction was affirmed under a Rule 10b5-1 trading plan, meaning the award was made pursuant to a pre-arranged plan meeting Rule 10b5-1 conditions for insider transactions.
How many units are reported as owned after the MFP RSU grant?
After the award, 12,463 units are reported as directly owned by Mark S. Bowie. These units are time-based RSUs that convert into common shares only as they vest on the specified future dates.