Regional Management (NYSE: RM) EVP granted 10,695 performance-based shares in equity award
Rhea-AI Filing Summary
Regional Management Corp. executive Manish Parmar received an equity award tied to prior performance. He acquired 10,695 shares of common stock at no cash cost, following certification of performance results for a period that ended June 14, 2026. These shares arise from a Performance Restricted Stock Unit granted on June 14, 2023 and will settle on December 31, 2026 under the award agreement. After this award, Parmar directly holds 71,847 shares of Regional Management Corp. common stock.
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Insights
Routine performance-based share award to RM executive, no cash transaction.
EVP and Chief Credit Risk Officer Manish Parmar received 10,695 shares of Regional Management Corp. common stock through a Performance Restricted Stock Unit award. The award was granted on June 14, 2023 and is tied to a performance period ending June 14, 2026.
The Human Resources and Compensation Committee certified the level of achievement on July 2, 2026, triggering the share award. The shares will settle on December 31, 2026 under the agreement, indicating this is compensation-related rather than an open-market trade.
Following this grant, Parmar holds 71,847 shares directly. The transaction does not involve buying or selling in the market and typically represents standard long-term incentive compensation, so its direct signaling value for investors is limited.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,695 | $0.00 | -- |
Footnotes (1)
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