RGP (RGP) president receives 3.8K dividend-equivalent shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RESOURCES CONNECTION, INC. President Scott Glenn Rottmann reported an acquisition of 3,825.4837 shares of common stock, recorded at a price of $0.0000 per share. These shares represent dividend equivalent rights accrued on previously awarded restricted stock units and will vest in step with those units.
Following this compensation-related award, Rottmann directly holds a total of 207,122.4637 shares of common stock. This filing reflects routine equity-based compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rottmann Scott Glenn
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,825.484 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 207,122.464 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RGP President Scott Glenn Rottmann report on this Form 4?
Scott Glenn Rottmann reported acquiring 3,825.4837 shares of RESOURCES CONNECTION, INC. common stock. The shares are dividend equivalent rights tied to previously granted restricted stock units, vesting proportionately with those units as part of his equity-based compensation.
Is the RGP insider transaction an open-market stock purchase or sale?
No, the RGP transaction is not an open-market trade. It reflects a grant of dividend equivalent rights on restricted stock units, recorded at a price of $0.0000 per share, and represents routine compensation rather than a discretionary market buy or sell.
What are dividend equivalent rights in the context of RGP’s restricted stock units?
Dividend equivalent rights are additional share rights that accrue on restricted stock units to mirror cash dividends. For RGP, these rights vest proportionately with the underlying restricted stock units, aligning the executive’s equity compensation with shareholder dividend distributions over the vesting period.
Does this RGP Form 4 filing indicate any changes to Scott Glenn Rottmann’s derivative positions?
The Form 4 data shows no derivative transactions or remaining derivative positions for Scott Glenn Rottmann in this filing. The only reported activity is the acquisition of common stock through dividend equivalent rights associated with previously granted restricted stock units.