CFO at Sturm Ruger (NYSE: RGR) awarded 10,164 RSUs vesting 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STURM RUGER & CO INC reported that Chief Financial Officer & Senior Vice President Andrew Thomas Wieland received two awards of restricted stock units as equity-based compensation.
He was granted 6,506 restricted stock units that vest and convert to the cash value of one share of common stock each on March 6, 2029, and 3,658 restricted stock units that vest and convert to common stock on April 6, 2029. Following these awards, he holds 10,164 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wieland Andrew Thomas
Role
Chief Financial Officer & SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,506 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,658 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,506 shares (Direct)
Footnotes (1)
- Each restricted stock unit vests and converts to the cash value of one share of common stock on March 6, 2029, in accordance with the terms of the award. The restricted stock units vest and convert to common stock on April 6, 2029.
Key Figures
RSUs granted (cash-settled tranche): 6,506 units
RSUs granted (stock-settled tranche): 3,658 units
Total RSUs held after grants: 10,164 units
+1 more
4 metrics
RSUs granted (cash-settled tranche)
6,506 units
Vest and convert to cash value of one share on March 6, 2029
RSUs granted (stock-settled tranche)
3,658 units
Vest and convert to common stock on April 6, 2029
Total RSUs held after grants
10,164 units
Directly held by CFO following these Form 4 transactions
Conversion/exercise price
$0.0000 per unit
Listed conversion or exercise price for both restricted stock unit awards
Key Terms
Restricted Stock Units, vests and converts, cash value of one share of common stock, convert to common stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit vests and converts to the cash value of one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vests and converts financial
"Each restricted stock unit vests and converts to the cash value of one share"
convert to common stock financial
"The restricted stock units vest and convert to common stock on April 6, 2029"
FAQ
What did RGR’s CFO report in this Form 4 filing?
The CFO of Sturm Ruger (RGR), Andrew Thomas Wieland, reported receiving two grants of restricted stock units as part of his compensation, increasing his directly held restricted stock units to a total of 10,164 units after these awards.
How many restricted stock units did the RGR CFO receive?
Andrew Thomas Wieland received 6,506 restricted stock units in one grant and 3,658 restricted stock units in a second grant, for a combined total of 10,164 restricted stock units held directly after these transactions.
When do the new restricted stock units for RGR’s CFO vest?
One grant of 6,506 restricted stock units vests on March 6, 2029, while the second grant of 3,658 restricted stock units vests on April 6, 2029, subject to the terms and conditions of the awards described.
How will the RGR CFO’s restricted stock units settle at vesting?
According to the disclosure, 6,506 restricted stock units vest and convert into the cash value of one share of common stock each, while 3,658 restricted stock units vest and convert directly into common stock on April 6, 2029.
Was this an open-market stock purchase or sale by RGR’s CFO?
No. The Form 4 shows grant/award acquisitions of restricted stock units coded as transaction type “A,” indicating compensation-related awards, rather than open-market purchases or sales of Sturm Ruger common stock by the CFO.
What is the exercise or conversion price of these RGR restricted stock units?
The filing lists a conversion or exercise price of $0.0000 per restricted stock unit, meaning the CFO does not pay an exercise price when the units vest and convert into cash value or shares, consistent with typical restricted stock unit awards.