Suncrete (RMIX) awards director 48,000 high-vote Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Suncrete, Inc. director Charles E. Owens received an equity grant of 48,000 restricted shares of Class B Common Stock. The award was granted at a price of $0.0000 per share under the Suncrete, Inc. 2026 Omnibus Incentive Plan as compensation, not an open-market purchase.
The 48,000 Class B restricted shares vest over time: 32,000 on April 20, 2028 and 16,000 on April 20, 2029, provided Mr. Owens continues providing services through each date. He has sole voting power over these shares.
Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock and carries ten votes per share, while Class A shares carry one vote per share. Class B shares do not expire and generally convert to Class A if transferred, subject to limited exceptions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Owens Charles E
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. Owens 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. Owens is providing services to the Issuer through each such date. Under the terms of the award agreement, Mr. Owens has sole voting power with respect to the shares.
Key Figures
Equity grant size: 48,000 shares
Post-transaction holdings (award): 48,000 shares
Vesting tranche 1: 32,000 shares
+4 more
7 metrics
Equity grant size
48,000 shares
Restricted Class B Common Stock granted to director Owens
Post-transaction holdings (award)
48,000 shares
Class B Common Stock held directly after grant
Vesting tranche 1
32,000 shares
Vest on April 20, 2028 if services continue
Vesting tranche 2
16,000 shares
Vest on April 20, 2029 if services continue
Voting rights per Class B share
10 votes per share
Compared with 1 vote per Class A share
Conversion ratio
1:1
Each Class B share convertible into one Class A share
Grant price
$0.0000 per share
Compensation grant, not open-market purchase
Key Terms
Class B Common Stock, Class A Common Stock, restricted shares, time-based vesting criteria, +2 more
6 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 at the option of the holder thereof 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. Owens"
2026 Omnibus Incentive Plan financial
"granted to Mr. Owens under the Suncrete, Inc. 2026 Omnibus Incentive Plan"
voting power financial
"Under the terms of the award agreement, Mr. Owens has sole voting power with respect to the shares."
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.
FAQ
What insider transaction did Suncrete (RMIX) report for Charles E. Owens?
Suncrete reported that director Charles E. Owens received 48,000 restricted shares of Class B Common Stock as an equity grant. The shares were awarded at $0.0000 per share under the 2026 Omnibus Incentive Plan as part of his compensation package, not through market buying.