Monro (NASDAQ: MNRO) awards RSUs to Sr. VP CIO Cindy Donovan
Rhea-AI Filing Summary
Donovan Cindy reported acquisition or exercise transactions in this Form 4 filing.
Monro, Inc. reported that Sr. VP & CIO Cindy Donovan received equity compensation in the form of restricted stock units on May 21, 2026. She was granted 5,494 restricted stock units that were earned based on the company’s achievement of pre-set performance measures over a one-year period and remain subject to an additional two-year vesting period.
Donovan also received a separate grant of 3,511 restricted stock units that vest in four equal annual installments on each anniversary of the grant date. Both awards were granted at $0.00 per share as part of Monro’s Amended and Restated 2007 Stock Incentive Plan and increase her direct ownership of Monro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,005 shares
Net Buy
2 txns
Insider
Donovan Cindy
Role
Sr. VP - CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,511 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,494 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 26,790 shares (Direct)
Footnotes (2)
- F1. These restricted stock units, which were earned based on the Company's achievement of certain pre-determined performance measures over a one-year period and which represent a contingent right to receive one share of common stock, were granted under the Company's Amended and Restated 2007 Stock Incentive Plan and are subject to an additional two-year vesting period.
- F2. These restricted stock units, each of which represent a contingent right to receive one share of common stock, are granted under the Company's Amended and Restated 2007 Stock Incentive Plan and vest one-quarter on each of the four anniversaries of the grant date.
Key Figures
Performance-based RSU grant: 5,494 units
Time-based RSU grant: 3,511 units
Grant price: $0.00 per share
+2 more
5 metrics
Performance-based RSU grant
5,494 units
Earned over one-year performance period; 2-year additional vesting
Time-based RSU grant
3,511 units
Vests one-quarter annually over four years
Grant price
$0.00 per share
Equity compensation, not open-market purchases
Transaction date
May 21, 2026
Grant date for both RSU awards
Award type count
2 grants
Both coded “A” as grant/award acquisitions
Key Terms
restricted stock units, Amended and Restated 2007 Stock Incentive Plan, vesting period, contingent right to receive one share of common stock, +1 more
5 terms
restricted stock units financial
"These restricted stock units, which were earned based on the Company's achievement of certain pre-determined performance measures"
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.
Amended and Restated 2007 Stock Incentive Plan financial
"were granted under the Company's Amended and Restated 2007 Stock Incentive Plan"
vesting period financial
"and are subject to an additional two-year vesting period"
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
anniversaries of the grant date financial
"and vest one-quarter on each of the four anniversaries of the grant date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Monro (MNRO) disclose about Cindy Donovan’s recent stock awards?
Monro disclosed that Sr. VP & CIO Cindy Donovan received 5,494 performance-based restricted stock units and 3,511 time-based units on May 21, 2026, under its 2007 Stock Incentive Plan as equity compensation, with multi‑year vesting schedules.
Are Cindy Donovan’s Monro (MNRO) transactions open-market buys or compensation grants?
The transactions are compensation-related grants, not open-market purchases. Both entries use code “A” for awards, at a price of $0.00 per share, reflecting restricted stock units granted under Monro’s Amended and Restated 2007 Stock Incentive Plan.
How many restricted stock units did Cindy Donovan receive from Monro (MNRO)?
Cindy Donovan received two awards totaling 9,005 restricted stock units: 5,494 performance-based units and 3,511 time-based units. Each restricted stock unit represents a contingent right to receive one share of Monro common stock upon vesting.
What are the vesting terms of Cindy Donovan’s Monro (MNRO) performance-based RSUs?
The 5,494 performance-based restricted stock units were earned based on Monro’s one-year performance against predetermined measures and are subject to an additional two-year vesting period before converting into common shares, assuming continued service and plan conditions.
How do Cindy Donovan’s time-based Monro (MNRO) RSUs vest?
The 3,511 time-based restricted stock units vest over four years. One-quarter of the award vests on each of the four anniversaries of the May 21, 2026 grant date, aligning Donovan’s compensation with longer-term shareholder interests.
Under which plan were Cindy Donovan’s Monro (MNRO) RSUs granted?
Both restricted stock unit awards were granted under Monro’s Amended and Restated 2007 Stock Incentive Plan. This plan authorizes equity-based compensation, including RSUs, that give executives a contingent right to receive common stock upon vesting.