Priority Technology (PRTH) CEO boosts holdings as RSUs convert to common stock
Rhea-AI Filing Summary
Priority Technology Holdings, Inc. director and President, CEO and Chairman Thomas Charles Priore reported acquiring common stock through the vesting of restricted stock units. On February 5, 2026, 19,494 RSUs converted into common shares, bringing his directly held common stock to 34,002,878 shares. On February 8, 2026, a further 63,898 RSUs converted, increasing his direct common stock holdings to 34,066,776 shares.
The Form 4 also reports 12,500,000 common shares held indirectly through trusts associated with his spouse, Lori A. Priore, as trustee for family trusts benefiting her and their children. Each restricted stock unit represents a contingent right to receive one share of PRTH common stock, with these units originally granted in February 2024 and February 2025 and vesting over multi-year schedules tied to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 63,898 | $0.00 | -- |
| Exercise | Common Stock | 63,898 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 19,494 | $0.00 | -- |
| Exercise | Common Stock | 19,494 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Includes 2,500,000 shares of PRTH common stock held by Lori A. Priore, the spouse of Thomas C. Priore, and Bernard H. Smyers, in their capacity as trustees of the Thomas C. Priore Irrevocable Insurance Trust u/a/d 1/8/2010, for the benefit of Lori A. Priore and the children of Thomas C. Priore and Lori A. Priore. Also includes 10,000,000 shares of PRTH common stock held by Lori A. Priore, the spouse of Thomas C. Priore, in her capacity as trustee of the Thomas Priore 2019 GRAT, for the benefit of Lori A. Priore and the children of Thomas C. Priore and Lori A. Priore. On February 5, 2025, the Reporting Person was granted 58,480 restricted stock units which vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 19,494 on February 5, 2026; 19,493 on February 5, 2027; and 19,493 on February 5, 2028. On February 8, 2024, the Reporting Person was granted 191,693 restricted stock units which vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 63,898 on February 8, 2025; 63,898 on February 8, 2026 and 63,898 on February 8, 2027.