Suncrete (RMIX) awards director 48K Class B super-voting shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rees-Jones David reported acquisition or exercise transactions in this Form 4 filing.
Suncrete, Inc. director David Rees‑Jones received a grant of 48,000 restricted shares of Class B Common Stock as equity compensation. These Class B shares are convertible into an equal number of Class A Common Stock shares and carry enhanced voting rights.
The award vests over time under the 2026 Omnibus Incentive Plan: 32,000 shares on April 20, 2028 and 16,000 shares on April 20, 2029, provided he continues to provide services through each date. He has sole voting power over the granted shares, which carry 10 votes per share versus one vote for each Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rees-Jones David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 48,000 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 48,000 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 48,000 restricted shares of Class B Common Stock with time-based vesting criteria granted to Mr. Rees-Jones under the Suncrete, Inc. 2026 Omnibus Incentive Plan that vest as follows: (i) 32,000 shares on April 20, 2028 and (ii) 16,000 shares on April 20, 2029; provided, that Mr. Rees-Jones is providing services to the Issuer through each such date. Under the terms of the award agreement, Mr. Rees-Jones has sole voting power with respect to the shares.
Key Figures
Restricted Class B shares granted: 48,000 shares
First vesting tranche: 32,000 shares
Second vesting tranche: 16,000 shares
+3 more
6 metrics
Restricted Class B shares granted
48,000 shares
Equity award to director David Rees-Jones
First vesting tranche
32,000 shares
Vesting on April 20, 2028, subject to continued service
Second vesting tranche
16,000 shares
Vesting on April 20, 2029, subject to continued service
Voting rights Class A
1 vote per share
Class A Common Stock voting power
Voting rights Class B
10 votes per share
Class B Common Stock super-voting power
Post-transaction Class B holdings
48,000 shares
Total Class B Common Stock after grant
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 at the option of the holder"
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 granted to Mr. Rees-Jones"
Omnibus Incentive Plan financial
"granted to Mr. Rees-Jones under the Suncrete, Inc. 2026 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
FAQ
What did Suncrete (RMIX) director David Rees-Jones report on this Form 4?
He reported receiving a grant of 48,000 restricted Class B Common Stock shares from Suncrete, Inc. The award is equity compensation with no cash exercise price and is convertible into the company’s Class A Common Stock on a one-for-one basis under specified conditions.
What are the voting rights of Suncrete (RMIX) Class B versus Class A Common Stock?
Holders of Class A Common Stock receive one vote per share, while holders of Class B Common Stock receive 10 votes per share. Both classes vote together as a single class on matters submitted to stockholders, giving Class B holders significantly greater voting influence per share.