TIC Insider Filing: Kristin Schultes Receives 60,000 PSUs
Rhea-AI Filing Summary
Kristin B. Schultes, Chief Financial Officer of Acuren Corporation (TIC), received equity awards and reports her beneficial ownership. The Form 4 shows a reported acquisition on 08/21/2025 of 60,000 performance-based restricted stock units (PSUs) with an exercise/price reported as $0, indicating they were granted rather than purchased. The filing also lists existing awards: three tranches of restricted stock units of 30,000 each and other performance-based RSUs totaling 150,000 across multiple grants and vesting schedules. Some grants vest on anniversaries (e.g., December 3, 2024 grant vests one-third per year) and others vest subject to stock price performance or multi-year performance periods (vesting dates include 12/03/2025, 04/11/2028, and 09/30/2026 as applicable). The form was signed by an attorney-in-fact on 08/25/2025.
Positive
- Long-term alignment: Awards include performance-based RSUs that tie executive compensation to future stock performance and multi-year vesting.
- Retention-focused structure: Multiple grants with staggered vesting dates support executive retention over several years.
Negative
- None.
Insights
TL;DR: CFO received a material equity incentive package, aligning compensation with long-term share performance.
The 60,000 PSUs reported on 08/21/2025 are standard executive compensation designed to align management incentives with shareholder value. The grant is reported at $0 price, consistent with restricted stock unit awards rather than an open-market purchase. Multiple awards and staggered vesting schedules (time-based and performance-based) spread potential dilution over several years and tie ultimate payout to performance hurdles and service periods. This structure typically supports retention and long-term focus without immediate cash outlay by the officer.
TL;DR: Governance appears routine: time- and performance-based RSUs with standard vesting and performance conditions.
The filing documents a mixture of time-vested RSUs and performance-vested RSUs with explicit vesting triggers and dates. The PSUs that vest based on a specified VWAP metric and multi-year performance periods reflect common governance practices to link pay to sustained stock performance. The disclosure includes vesting timelines and contingencies, providing transparency on potential future share issuance subject to achievement of performance targets and service requirements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Based Restricted Stock Units | 60,000 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Based Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. These restricted stock units vest 33 1/3% on the first through third anniversaries of the grant date (December 3, 2024). Each performance based restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. These performance based restricted stock units shall vest, beginning on December 3, 2025, based on the Issuer's Common Stock achieving a specified volume-weighted average price per share over a 10-day period. These restricted stock units vest on the third anniversary of the grant date (April 11, 2025). These performance based restricted stock units have a three-year performance period and to the extent earned will vest on April 11, 2028. The number of shares of Common Stock that will be earned is subject to decrease based on the result of the performance condition. These performance based restricted stock units, to the extent earned, will vest on September 30, 2026. The number of shares of Common Stock that will be earned is subject to decrease based on the results of the performance condition.
