Resources Connection (RGP) Form 4: 1,209.5374 RSU Dividend Equivalents Added
Rhea-AI Filing Summary
Resources Connection, Inc. (RGP) reporting person Bhadreskumar Patel, who is the company's Chief Operating Officer, acquired 1,209.5374 shares of common stock on 09/26/2025 through dividend equivalent rights tied to previously awarded restricted stock units. The reported acquisition lists a price of $0.0, reflecting that these were dividend-equivalent credits rather than a cash purchase. After this transaction, the reporting person beneficially owned 127,914.2349 shares. The Form 4 was signed on behalf of the reporting person by Rebecca Cottrell.
Positive
- COO increased beneficial ownership to 127,914.2349 shares following the accrual of dividend-equivalent rights
- Transaction reflects equity compensation (dividend equivalent rights tied to restricted stock units), not a cash outlay by the reporting person
Negative
- None.
Insights
TL;DR: COO received 1,209.5374 shares via dividend-equivalent rights, increasing beneficial ownership to 127,914.2349 shares.
The transaction is an issuance of dividend equivalent rights tied to restricted stock units, recorded with a $0.0 price, which is typical for non-cash equity compensation. The incremental change in beneficial ownership is explicit and quantifiable. There is no indication of cash purchase, exercise of options, or derivative activity in this filing. Impact on outstanding share count or company capitalization is not provided in this Form 4.
TL;DR: This Form 4 documents routine equity compensation vesting, not an unusual insider transaction.
The filing specifies that the shares represent dividend equivalent rights that vest with underlying restricted stock units, a common element of executive compensation. The report clarifies ownership form and nature of the award but does not disclose broader governance changes, officer departures, or related-party transactions. No material governance concerns are raised by the disclosure alone.