INNOVATE Corp. (VATE) grants 12,016 restricted shares to director Avram Glazer
Rhea-AI Filing Summary
GLAZER AVRAM A reported acquisition or exercise transactions in this Form 4 filing.
INNOVATE Corp. director and ten-percent owner Avram A. Glazer received a grant of 12,016 shares of restricted common stock on 2026-08-11 under the company’s Second Amended and Restated 2014 Omnibus Equity Award Plan. These shares vest on the earlier of the first anniversary of the grant or the next regular annual stockholders’ meeting, subject to his continued service. Following this award, he holds 66,000 shares directly, with additional indirect holdings through Lancer Capital LLC and several irrevocable exempt trusts for family members, some of which he may be deemed to beneficially own as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,016 shares
Net Buy
5 txns
Insider
GLAZER AVRAM A
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 12,016 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 66,000 shares (Direct);
Common Stock — 2,097,902 shares (Indirect, KAG Irrevocable Exempt Trust);
Common Stock — 2,211,805 shares (Indirect, Lancer Capital);
Common Stock — 317,244 shares (Indirect, Avram Glazer Irrevocable Exempt Trust);
Common Stock — 2,097,902 shares (Indirect, LHG Irrevocable Exempt Trust)
Footnotes (5)
- F1. Reflects shares of restricted stock granted pursuant to the INNOVATE Corp. Second Amended and Restated 2014 Omnibus Equity Award Plan, as amended (the "Plan"). The shares will vest and become non-forfeitable on the earlier of (i) the first anniversary of the grant date and (ii) the first regular annual meeting of the Company's stockholders that occurs following the date of grant (subject to continued service with the Company through such vesting date).
- F2. The KAG Irrevocable Exempt Trust, is a trust for the benefit of one of Mr. Glazer's children, of which his wife is the trustee.
- F3. The reported shares are owned by Lancer Capital LLC ("Lancer"). The Avram Glazer Irrevocable Exempt Trust (the "Trust") is the sole owner of Lancer, and in such capacity may be deemed to beneficially own the shares held of record by Lancer. The Reporting Person is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by Lancer Capital and the Trust.
- F4. The reported shares are owned by the Avram Glazer Irrevocable Exempt Trust (the "Trust"). Reporting person is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by the Trust.
- F5. The LHG Irrevocable Exempt Trust, is a trust for the benefit of one of Mr. Glazer's children, of which his wife is the trustee.
Key Figures
Restricted stock granted: 12,016 shares
Direct holdings after grant: 66,000 shares
KAG Irrevocable Exempt Trust holdings: 2,097,902 shares
+3 more
6 metrics
Restricted stock granted
12,016 shares
Restricted common stock granted to Avram A. Glazer on 2026-08-11
Direct holdings after grant
66,000 shares
Common stock directly owned by Avram A. Glazer following the award
KAG Irrevocable Exempt Trust holdings
2,097,902 shares
Common stock held indirectly via KAG Irrevocable Exempt Trust
Lancer Capital LLC holdings
2,211,805 shares
Common stock held by Lancer Capital LLC, owned by an irrevocable exempt trust
Avram Glazer Irrevocable Exempt Trust holdings
317,244 shares
Common stock held by the Avram Glazer Irrevocable Exempt Trust
LHG Irrevocable Exempt Trust holdings
2,097,902 shares
Common stock held indirectly via LHG Irrevocable Exempt Trust
Key Terms
restricted stock, Omnibus Equity Award Plan, beneficially own, irrevocable exempt trust
4 terms
restricted stock financial
"Reflects shares of restricted stock granted pursuant to the INNOVATE Corp. Second Amended"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Omnibus Equity Award Plan financial
"granted pursuant to the INNOVATE Corp. Second Amended and Restated 2014 Omnibus Equity Award Plan"
beneficially own financial
"may be deemed to beneficially own the shares held of record by Lancer Capital and the Trust"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
irrevocable exempt trust financial
"The KAG Irrevocable Exempt Trust, is a trust for the benefit of one of Mr. Glazer's children"
FAQ
What did Avram A. Glazer acquire in this Form 4 for INNOVATE Corp. (VATE)?
Avram A. Glazer was granted 12,016 shares of restricted common stock of INNOVATE Corp. on 2026-08-11. The grant was made under the company’s Second Amended and Restated 2014 Omnibus Equity Award Plan as part of his director compensation.
Does Avram Glazer have trustee or beneficial roles in entities holding INNOVATE (VATE) stock?
Yes. He is trustee of the Avram Glazer Irrevocable Exempt Trust, which owns shares directly and owns Lancer Capital LLC, and in that capacity he may be deemed to beneficially own shares held by Lancer and that trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
