Form 4: Hope B. Woodhouse receives 8,306 Monro restricted shares
Rhea-AI Filing Summary
Hope B. Woodhouse, identified as a director of Monro, Inc. (MNRO), was granted a restricted stock award consisting of 8,306 shares. The award was reported as acquired at a $0 price and the filing shows total beneficial ownership following the award of 16,992 shares.
The grant is made under the company's Amended and Restated 2007 Stock Incentive Plan and vests one-third on each of the three anniversaries of the grant date, so the shares will vest over a three-year schedule. The Form 4 indicates the transaction was reported by a single reporting person and lists the reporting person’s relationship to the issuer as Director.
Positive
- Restricted stock award of 8,306 shares to Director Hope B. Woodhouse reported
- Award recorded at $0 acquisition price (restricted stock grant)
- Beneficial ownership increased to 16,992 shares following the reported transaction
- Vesting schedule disclosed: one‑third vests on each of three anniversaries under the 2007 Stock Incentive Plan
Negative
- None.
Insights
TL;DR: Director received a time‑based restricted stock award of 8,306 shares, vesting in three annual installments; beneficial ownership rose to 16,992 shares.
The Form 4 discloses a non‑derivative restricted stock award to Hope B. Woodhouse under the Amended and Restated 2007 Stock Incentive Plan. The award was recorded at a $0 acquisition price and is subject to a one‑third-per‑year vesting schedule over three years. The filing identifies Woodhouse as a director and shows the report was filed by one reporting person. From a governance perspective, this is a standard director equity grant on a time‑based vesting schedule as documented in the filing.
TL;DR: Form 4 reports an 8,306‑share restricted stock grant to a director, raising reported beneficial ownership to 16,992 shares; vesting is staged annually.
The transaction is recorded as an acquisition of restricted stock (non‑derivative) with a reported acquisition amount of 8,306 shares at a $0 price. The filing notes the resulting beneficial ownership of 16,992 shares. The explicit vesting terms in the explanation state one‑third vests on each of the three anniversaries of the grant date. The Form 4 presents routine insider reporting details without additional derivative transactions or disposals disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Award | 8,306 | $0.00 | -- |
Footnotes (1)
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