Silvia former CFO receives 37,053-unit stock grant
The award was granted under the ProCap Financial, Inc. 2025 Equity Incentive Plan pursuant to a Mutual Separation Agreement and General Release dated October 20, 2026.
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Rhea-AI Filing Summary
Silvia, Inc. (SVIA) reported former Chief Financial Officer Renae Terese Cormier’s receipt of 37,053 fully vested restricted stock units on October 21, 2026. The company withheld 18,916 shares at a fair market value of $3.78 per share for taxes on that award. Separately, it withheld 80,375 shares at $3.78 per share for taxes when 157,442 previously granted restricted stock units vested. Cormier ceased serving as CFO and in all other positions with the company and its subsidiaries at close of business that day.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 F1 | 37,053 | $0.00 | $0.00 |
| Tax Withholding | Common Stock, par value $0.001 F2 | 18,916 | $3.78 | $72K |
| Tax Withholding | Common Stock, par value $0.001 F3 | 80,375 | $3.78 | $304K |
Footnotes (3)
- F1. Represents fully vested restricted stock units granted to the reporting person on October 21, 2026 under the ProCap Financial, Inc. 2025 Equity Incentive Plan pursuant to the Mutual Separation Agreement and General Release, dated October 20, 2026, between the reporting person and the Issuer. The amount reported is the gross number of shares, before any shares withheld or sold in connection with tax obligations.
- F2. Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the award reported on the preceding line. The price reported is the fair market value per share on the transaction date used to determine the withholding.
- F3. Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting on October 21, 2026 of 157,442 restricted stock units previously granted to the reporting person under the ProCap Financial, Inc. 2025 Equity Incentive Plan, which were included in the reporting person's previously reported holdings. The price reported is the fair market value per share on the transaction date used to determine the withholding.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligations financial
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