48,000 Class B shares granted to Suncrete (RMIX) board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnston Bretton A. reported acquisition or exercise transactions in this Form 4 filing.
Suncrete, Inc. director Bretton A. Johnston received a grant of 48,000 restricted shares of Class B Common Stock at no cash cost under the Suncrete, Inc. 2026 Omnibus Incentive Plan. Each Class B share is convertible into one share of Class A Common Stock.
The award vests over time, with 32,000 shares vesting on April 20, 2028 and 16,000 shares vesting on April 20, 2029, provided Mr. Johnston continues providing services to the company through each date. He has sole voting power over these shares, and each Class B share carries 10 votes compared with one vote per Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnston Bretton A.
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. Johnston 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. Johnston is providing services to the Issuer through each such date. Under the terms of the award agreement, Mr. Johnston 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
+5 more
8 metrics
Restricted Class B shares granted
48,000 shares
Grant to director Bretton A. Johnston on April 20, 2026
First vesting tranche
32,000 shares
Vesting scheduled for April 20, 2028, subject to continued service
Second vesting tranche
16,000 shares
Vesting scheduled for April 20, 2029, subject to continued service
Class A par value
$0.0001 per share
Par value of Suncrete Class A Common Stock
Class B par value
$0.0001 per share
Par value of Suncrete Class B Common Stock
Class A voting rights
1 vote per share
Voting power attached to each Class A Common share
Class B voting rights
10 votes per share
Voting power attached to each Class B Common share
Shares held after grant
48,000 shares
Total Class B shares directly owned by Johnston following transaction
Key Terms
Class B Common Stock, Class A Common Stock, restricted shares, time-based vesting, +2 more
6 terms
Class B Common Stock financial
"Each share of Class B Common Stock, par value $0.0001 per share"
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 financial
"restricted shares of Class B Common Stock with time-based vesting criteria"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
2026 Omnibus Incentive Plan financial
"granted to Mr. Johnston under the Suncrete, Inc. 2026 Omnibus Incentive Plan"
voting power financial
"Mr. Johnston 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 Bretton A. Johnston?
Suncrete reported that director Bretton A. Johnston received 48,000 restricted shares of Class B Common Stock as a grant under the 2026 Omnibus Incentive Plan. The grant was recorded at a price of $0.0000 per share and increased his direct Class B holdings to 48,000 shares.
What are the voting rights of Suncrete (RMIX) Class B versus Class A Common Stock?
Holders of Suncrete Class A Common Stock are entitled to one vote per share, while holders of Class B Common Stock are entitled to 10 votes per share. The shares of Class B Common Stock do not expire and vote together with Class A as a single class on stockholder matters.
Can Suncrete (RMIX) Class B Common Stock convert into Class A Common Stock?
Each share of Suncrete Class B Common Stock is convertible at any time, at the holder’s option, into one share of Class A Common Stock. Class B can also convert based on majority Class B holder elections or automatically upon most transfers, subject to exceptions in the company’s charter.