Star Equity (NASDAQ: STRR) director receives 485 preferred shares
Rhea-AI Filing Summary
Star Equity Holdings, Inc. (STRR) reported that director Louis A. Parks settled previously granted Restricted Stock Units into preferred shares. On August 18, 2026, 485 RSUs were exercised/converted into 485 shares of the company’s 10.0% Series A Cumulative Perpetual Preferred Stock, leaving 0 RSUs from this grant and resulting in total direct holdings of 970 Series A Preferred shares. The footnotes explain that these RSUs originated from an earlier SOC grant and that 100% of the exchanged RSUs vested on August 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 485 shares
Net Buy
2 txns
Insider
Parks Louis A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2, F3 | 485 | -- | -- |
| Exercise | Series A Preferred Stock F1, F2 | 485 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Series A Preferred Stock — 970 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 485 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: 485 RSUs
Preferred shares acquired: 485 shares
Preferred shares held after: 970 shares
+3 more
6 metrics
RSUs settled
485 RSUs
Restricted Stock Units converted into Series A Preferred Stock on August 18, 2026
Preferred shares acquired
485 shares
Series A Preferred Stock received from RSU settlement on August 18, 2026
Preferred shares held after
970 shares
Total direct holdings of Series A Preferred Stock following the transaction
Series A dividend rate
10.0%
Rate on Series A Cumulative Perpetual Preferred Stock referenced in footnote
RSU vesting percentage
100%
Percentage of exchanged RSUs that vested on August 18, 2026
SOC RSUs exchanged
485 RSUs
SOC RSUs exchanged for Star Equity RSUs under merger agreement
Key Terms
Restricted Stock Unit, Series A Preferred Stock, Cumulative Perpetual Preferred Stock, Agreement and Plan of Merger, +1 more
5 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.
Series A Preferred Stock financial
"one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
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.
vesting date financial
"settlement of Restricted Stock Units in shares of Series A Preferred Stock on their scheduled vesting date"
FAQ
What insider transaction did STRR director Louis A. Parks report on this Form 4?
Louis A. Parks reported the settlement of 485 Restricted Stock Units into 485 shares of Star Equity’s 10.0% Series A Cumulative Perpetual Preferred Stock on August 18, 2026, through an exercise/conversion coded as transaction type M.
What type of security did the STRR RSUs convert into for Louis A. Parks?
Each RSU converted into one share of 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share. Footnotes specify that each unit entitled the holder to receive one share of this Series A Preferred Stock at settlement.
Did all of Louis A. Parks’ exchanged STRR RSUs vest at once?
According to the disclosure, 100% of the exchanged Restricted Stock Units vested on August 18, 2026. The same date is identified as the scheduled vesting date when the RSUs were settled into Series A Preferred Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
