Seaport Entertainment Group (SEG) awards 8,127 RSUs to general counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seaport Entertainment Group Inc. reported that General Counsel Luciana Fato acquired 8,127 restricted stock units as equity compensation. Each RSU equals one common share, with 1,897 RSUs vesting on February 27, 2027 and 6,230 RSUs vesting in three equal annual installments starting that date. Following this grant, she holds 19,940 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fato Luciana
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,127 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,940 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Seaport Entertainment Group (SEG) disclose?
Seaport Entertainment Group disclosed a Form 4 showing General Counsel Luciana Fato received 8,127 restricted stock units as an equity grant. These RSUs convert into common stock upon vesting under the company’s 2024 Equity Incentive Plan.
How many Seaport Entertainment (SEG) RSUs were granted to Luciana Fato?
Luciana Fato was granted 8,127 restricted stock units of Seaport Entertainment common stock. This grant is part of the company’s 2024 Equity Incentive Plan and represents a non-cash award that will settle in shares as the units vest over time.
What is the vesting schedule for Luciana Fato’s SEG RSU grant?
The RSU grant vests over multiple years. 1,897 RSUs vest on February 27, 2027, while 6,230 RSUs vest in three substantially equal annual installments beginning on February 27, 2027, conditioned on continued service with Seaport Entertainment or its subsidiaries.
Did Luciana Fato pay cash for the Seaport Entertainment (SEG) RSUs?
No cash was paid for the RSUs, as the transaction price per share is reported as 0.0000. This indicates a compensatory equity award rather than an open-market purchase, consistent with grants made under an equity incentive plan.
What plan governs the new Seaport Entertainment (SEG) RSU award?
The RSU award was granted under Seaport Entertainment Group Inc.’s 2024 Equity Incentive Plan. This plan allows the company to issue restricted stock units, each representing a contingent right to receive one share of common stock upon satisfaction of vesting conditions.