Suncrete director granted 96,000 Class B shares
Matteson Mark R reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Matteson Mark R reported acquisition or exercise transactions in this Form 4 filing.
Suncrete, Inc. director Mark R. Matteson received an equity award of 96,000 shares of Class B Common Stock. These are restricted shares with time-based vesting: 64,000 shares vest on April 20, 2028, and 32,000 shares vest on April 20, 2029, if he continues providing services.
Each Class B share is convertible into one Class A Common share and carries 10 votes per share, compared with one vote for Class A. Following this grant, Matteson holds 96,000 Class B shares directly and has sole voting power over them under the award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 96,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each share of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), of Suncrete, Inc. (the "Issuer") is convertible at any time at the option of the holder thereof into one share of Class A Common Stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock"). In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B Common Stock, all outstanding shares of Class B Common Stock will be converted into shares of Class A Common Stock. Further, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, whether or not for value, except upon certain transfers described in the Issuer's amended and restated certificate of incorporation. The holders of Class A Common Stock and Class B Common Stock vote as a single class on all matters submitted to a vote of stockholders.
- F2. The holders of Class A Common Stock are entitled to one vote per share and the holders of the Class B Common Stock are entitled to 10 votes per share. The shares of Class B Common Stock do not expire.
- F3. Represents 96,000 restricted shares of Class B Common Stock with time-based vesting criteria granted to Mr. Matteson under the Suncrete, Inc. 2026 Omnibus Incentive Plan that vest as follows: (i) 64,000 shares on April 20, 2028, and (ii) 32,000 shares on April 20, 2029; provided, that Mr. Matteson is providing services to the Issuer through each such date. Under the terms of the award agreement, Mr. Matteson has sole voting power with respect to the shares.
Key Figures
Key Terms
Class B Common Stock financial
Class A Common Stock financial
time-based vesting criteria financial
2026 Omnibus Incentive Plan financial
FAQ
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What did Suncrete (RMIX) director Mark R. Matteson report on this Form 4?
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