Director Matteson gets 96,000 Class B shares at Suncrete (RMIX)
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Matteson Mark R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 96,000 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 96,000 shares (Direct, null)
Footnotes (1)
- 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. 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. 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
Restricted Class B shares granted: 96,000 shares
Shares after transaction: 96,000 shares
First vesting tranche: 64,000 shares
+3 more
6 metrics
Restricted Class B shares granted
96,000 shares
Equity award to director Matteson
Shares after transaction
96,000 shares
Total Class B held directly after grant
First vesting tranche
64,000 shares
Vest on April 20, 2028, service-based
Second vesting tranche
32,000 shares
Vest on April 20, 2029, service-based
Class B voting power
10 votes per share
Compared with one vote for Class A
Conversion ratio
1:1 into Class A
Each Class B share convertible into Class A
Key Terms
Class B Common Stock, Class A Common Stock, restricted shares, time-based vesting criteria, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock ... is convertible at any time"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible at any time ... into one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
time-based vesting criteria financial
"restricted shares of Class B Common Stock with time-based vesting criteria"
2026 Omnibus Incentive Plan financial
"granted to Mr. Matteson under the Suncrete, Inc. 2026 Omnibus Incentive Plan"
FAQ
What did Suncrete (RMIX) director Mark R. Matteson report on this Form 4?
Mark R. Matteson reported receiving an award of 96,000 restricted shares of Suncrete Class B Common Stock. The grant was issued at no cash cost and is part of the company’s 2026 Omnibus Incentive Plan, reflecting equity-based director compensation.