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Monro (NASDAQ: MNRO) awards RSUs to Sr. VP CIO Cindy Donovan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

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Insider Donovan Cindy
Role Sr. VP - CIO
Type Security Shares Price Value
Grant/Award Common Stock 3,511 $0.00 --
Grant/Award Common Stock 5,494 $0.00 --
Holdings After Transaction: Common Stock — 21,296 shares (Direct, null)
Footnotes (1)
  1. 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. 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.
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
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.
contingent right to receive one share of common stock financial
"which represent a contingent right to receive one share of common stock"
anniversaries of the grant date financial
"and vest one-quarter on each of the four anniversaries of the grant date"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Donovan Cindy
(Last)(First)(Middle)
295 WOODCLIFF DRIVE
SUITE 202
(Street)
FAIRPORT NEW YORK 14450
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MONRO, INC. [ MNRO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP - CIO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/21/2026A3,511A$0.00(1)21,296D
Common Stock05/21/2026A5,494A$0.00(2)26,790D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. 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.
/s/ Cindy L. Donovan05/22/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.