Corvex (NASDAQ: MOVE) CFO receives 523,211 time-based RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corvex, Inc. reported that CFO Christopher Moreland received an equity grant of 523,211 shares of Common Stock on July 1, 2026. The Form 4 classifies this as a grant or award acquisition at a stated price of $0.00 per share, reflecting compensation rather than a market purchase.
According to the footnote, these shares are time-based restricted stock units that vest in four equal annual installments from the grant date. After this award, Moreland directly holds 523,211 shares, and the filing shows no open-market buys or sells and no remaining derivative positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Moreland Christopher
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 523,211 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 523,211 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 523,211 shares
Grant price per share: $0.00 per share
Shares owned after grant: 523,211 shares
+2 more
5 metrics
Shares granted
523,211 shares
Time-based restricted stock units granted on July 1, 2026
Grant price per share
$0.00 per share
Stated transaction price for RSU grant
Shares owned after grant
523,211 shares
Total direct holdings following the reported transaction
Vesting schedule
Four equal annual installments
Time-based RSUs vesting from the grant date
Transaction type
Grant, award, or other acquisition
Form 4 code A, non-derivative Common Stock
Key Terms
time-based restricted stock units, Form 4, grant, award, or other acquisition, non-derivative
4 terms
time-based restricted stock units financial
"Represents time-based restricted stock units that vest in four equal annual installments"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Form 4 regulatory
"The Form 4 classifies this as a grant or award acquisition"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What did Corvex (MOVE) CFO Christopher Moreland report in this Form 4?
CFO Christopher Moreland reported receiving an equity grant of 523,211 shares of Corvex Common Stock. The grant is recorded at $0.00 per share, indicating a compensation award rather than an open-market purchase, and increases his directly held shares to the same amount.
Is the Corvex (MOVE) CFO Form 4 transaction a buy or a grant?
The Form 4 shows a grant or award acquisition, not an open-market buy. Code "A" and the description "grant, award, or other acquisition" indicate compensation-related restricted stock units rather than a discretionary stock purchase by the CFO in the market.
How do the Corvex (MOVE) CFO’s restricted stock units vest?
The footnote explains these are time-based restricted stock units that vest in four equal annual installments starting from the grant date. This structure ties full ownership to continued service over several years, a common form of long-term executive compensation.
Did the Corvex (MOVE) Form 4 show any stock sales by the CFO?
No stock sales were reported for the CFO in this Form 4. The transaction summary shows one acquisition via grant, with no buy or sell transactions, no gifts, and no tax-withholding dispositions, indicating a purely compensation-related award in this filing.