Star Equity (STRR) director fully vests 10% preferred award
Rhea-AI Filing Summary
Star Equity Holdings, Inc. (STRR) reported that director Jennifer Palmer settled 460 Restricted Stock Units into 460 shares of the company’s 10.0% Series A Cumulative Perpetual Preferred Stock on August 18, 2026, upon 100% vesting of this grant. The derivative RSU position decreased to 0 units, and Palmer’s direct holdings of Series A Preferred Stock increased to 920 shares following the transaction. The RSUs were originally granted on August 18, 2025 and were exchanged into Star Equity RSUs in connection with a prior merger.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 460 shares
Net Buy
2 txns
Insider
Palmer Jennifer
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2, F3 | 460 | -- | -- |
| Exercise | Series A Preferred Stock F1, F2 | 460 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Series A Preferred Stock — 920 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock").
- F2. This transaction represents the settlement of Restricted Stock Units in shares of Series A Preferred Stock on their scheduled vesting date.
- F3. On August 18, 2025, the Reporting Person was granted Restricted Stock Units by Star Operating Companies, Inc. ("SOC"), each of which represented the right to receive, at settlement, one share of SOC Series A Preferred Stock ("SOC RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025, by and among SOC, the Issuer and HSON Merger Sub, Inc., a wholly owned subsidiary of the Issuer, the Reporting Person's SOC RSUs were exchanged for 460 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on August 18, 2026.
Key Figures
RSUs settled: 460 units
Series A Preferred shares acquired: 460 shares
Series A Preferred shares owned after transaction: 920 shares
+3 more
6 metrics
RSUs settled
460 units
Restricted Stock Units settled into Series A Preferred Stock on August 18, 2026
Series A Preferred shares acquired
460 shares
Shares of 10.0% Series A Cumulative Perpetual Preferred Stock received from RSU settlement
Series A Preferred shares owned after transaction
920 shares
Total direct holdings of Series A Preferred Stock following the August 18, 2026 settlement
Dividend rate on Series A Preferred
10.0%
Stated rate on 10.0% Series A Cumulative Perpetual Preferred Stock received upon settlement
RSU vesting percentage
100%
One hundred percent of the exchanged RSUs vested on August 18, 2026
RSUs remaining after settlement
0 units
Total shares of the Restricted Stock Unit derivative security owned following the transaction
Key Terms
Restricted Stock Unit, Cumulative Perpetual Preferred Stock, Agreement and Plan of Merger, beneficially owned
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Cumulative Perpetual Preferred Stock financial
"10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share"
A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.
Agreement and Plan of Merger financial
"Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
beneficially owned financial
"total shares following transaction were 920.0000 shares beneficially owned directly"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did STRR director Jennifer Palmer report on this Form 4?
Jennifer Palmer reported settling 460 Restricted Stock Units into 460 shares of Star Equity’s 10.0% Series A Cumulative Perpetual Preferred Stock on August 18, 2026. This reflected the scheduled vesting and settlement of a previously granted RSU award.
What happened to Jennifer Palmer’s Restricted Stock Units in STRR reported on this Form 4?
Palmer’s 460 Restricted Stock Units were fully settled into an equal number of Series A Preferred shares. Following this settlement, her holdings of the RSU derivative security decreased to 0 units, as disclosed in the post-transaction holdings field.
What is the nature of the STRR security received from the RSU settlement?
Each RSU converted into one share of Star Equity’s 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share. This preferred stock pays a stated 10.0% cumulative dividend and is described as perpetual preferred equity.
When did the STRR RSU grant to Jennifer Palmer vest and settle?
The RSU grant vested 100% and settled on August 18, 2026. Footnotes state the RSUs were granted on August 18, 2025, then exchanged in connection with a merger, and were scheduled to fully vest and settle one year later.
How many derivative exercises did STRR report for Jennifer Palmer in this Form 4?
The Form 4 shows one derivative exercise involving 460 RSUs. This exercise converted the RSUs into an equal number of Series A Preferred shares, with no remaining RSU balance reported afterward in the derivative holdings summary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
