SmartRent (NYSE: SMRT) CFO logs RSU vesting and tax share sale
Rhea-AI Filing Summary
SmartRent, Inc. CFO Daryl Stemm reported routine equity compensation activity involving Restricted Stock Units (RSUs) and Class A common stock. On 01/16/2026, 834 RSUs were converted into 834 shares of Class A common stock at an exercise price of $0.00 per share as part of an existing vesting schedule.
On the same date, 394 of those Class A common shares were withheld and disposed of at a price of $1.74 per share to cover tax obligations, leaving Stemm with 84,510 shares of Class A common stock held directly after the transactions.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 834 | $0.00 | -- |
| Exercise | Class A Common Stock | 834 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 394 | $1.74 | $685.56 |
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Class A Common Stock, par value $0.001 per share. The Restricted Stock Units vest as follows: one-fourth vested on January 18, 2023 with the remaining vesting in 1/48 equal monthly installments until vested in full.
FAQ
What insider transaction did SmartRent (SMRT) report for its CFO?
SmartRent CFO Daryl Stemm reported the vesting and settlement of 834 Restricted Stock Units into Class A common stock, along with a related tax share sale.
What are the terms of the SmartRent RSUs involved in this CFO transaction?
Each RSU represents a right to receive one share of SmartRent Class A common stock. One-fourth vested on January 18, 2023, with the remainder vesting in 1/48 monthly installments until fully vested.
Was the SmartRent CFO transaction in this Form 4 direct or indirect ownership?
The reported holdings and transactions for the SmartRent CFO are shown as direct ownership of the shares.
Did the SmartRent CFO pay any exercise price for the RSUs that vested?
The 834 RSUs converted into Class A common stock at an exercise price of $0.00 per share.