Vulcan Infrastructure director buys 2,923,976 shares
A Vulcan Infrastructure & Power Inc. director significantly increased his Class A holdings through a PIPE purchase, equity awards, and a Class B-to-A conversion.
Rhea-AI Filing Summary
Vulcan Infrastructure & Power Inc. (VIP) director George Ted Rogers III reported multiple equity acquisitions. On September 10, 2026 he purchased 2,923,976 shares of Class A Common Stock from the company at $1.71 per share in connection with a PIPE transaction and received two restricted stock unit awards. On September 11, 2026 he also voluntarily converted 16,000 Class B shares into an equal number of Class A shares for no additional consideration.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 2,923,976 shares
Net Buy
5 txns
Insider
Rogers George Ted III
Role
Director
Bought
2,923,976 shs ($5.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F4 | 16,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F4 | 16,000 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F2 | 38,251 | $0.00 | $0.00 |
| Purchase | Class A Common Stock F3 | 2,923,976 | $1.71 | $5.00M |
| Grant/Award | Class A Common Stock F1 | 60,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 3,055,467 shares (Direct)
Footnotes (4)
- F1. Represents restricted stock units granted as a one-time equity award in recognition of the Reporting Person's contributions to the Issuer's strategic transformation pursuant to the Issuer's Fourth Amended and Restated 2021 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The award will vest in its entirety sixty days from the grant date.
- F2. Represents restricted stock units granted as an annual equity retainer for service on the Issuer's Board of Directors and its committees pursuant to the Issuer's Fourth Amended and Restated 2021 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The award will vest in its entirety on the first anniversary of the grant date.
- F3. Represents shares of the Issuer's Class A Common Stock purchased directly from the Issuer by the Reporting Purchaser in connection with the PIPE transaction announced by the Issuer on July 20, 2026, which closed on September 10, 2026.
- F4. Represents the Reporting Person's voluntary conversion of 16,000 shares of Class B Common Stock into 16,000 shares of Class A Common Stock on a one-for-one basis for no additional consideration. The conversion was exempt from Section 16(b) pursuant to Rule 16b-6(b).
Key Figures
PIPE purchase shares: 2,923,976 shares
PIPE purchase price: $1.71 per share
One-time RSU award: 60,000 units
+2 more
5 metrics
PIPE purchase shares
2,923,976 shares
Class A Common Stock purchased on September 10, 2026
PIPE purchase price
$1.71 per share
Price paid for 2,923,976 Class A shares on September 10, 2026
One-time RSU award
60,000 units
Restricted stock units for contributions to strategic transformation, granted September 9, 2026
Annual RSU retainer
38,251 units
Restricted stock units as annual equity retainer for board service, granted September 10, 2026
Class B to Class A conversion
16,000 shares
Class B shares converted into Class A shares on September 11, 2026, one-for-one
Key Terms
restricted stock units, PIPE transaction, Section 16(b), Rule 16b-6(b)
4 terms
restricted stock units financial
"Represents restricted stock units granted as a one-time equity award"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
PIPE transaction financial
"purchased directly from the Issuer by the Reporting Purchaser in connection with the PIPE transaction"
A PIPE transaction is when a publicly traded company sells new shares or convertible securities directly to a select group of private investors, rather than through a public offering. It’s essentially a quick way for a company to raise cash, but it can dilute existing shareholders and often involves a price discount, so investors watch PIPEs for their potential impact on share value and ownership stakes—like a private top-up that changes the size of everyone’s slice of the pie.
Section 16(b) regulatory
"The conversion was exempt from Section 16(b) pursuant to Rule 16b-6(b)."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-6(b) regulatory
"exempt from Section 16(b) pursuant to Rule 16b-6(b)."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did VIP director George Ted Rogers III report?
He reported a purchase of 2,923,976 Class A shares on September 10, 2026 at $1.71 per share, two grants of restricted stock units totaling 98,251 units, and a conversion of 16,000 Class B shares into 16,000 Class A shares on September 11, 2026.
What equity awards did the VIP director receive according to this Form 4?
He received 60,000 restricted stock units as a one-time equity award tied to contributions to the issuer’s strategic transformation, and 38,251 restricted stock units as an annual equity retainer for board service. Each unit is a contingent right to receive one Class A share upon vesting.
What was the Class B to Class A conversion reported for VIP?
On September 11, 2026 he voluntarily converted 16,000 shares of Class B Common Stock into 16,000 shares of Class A Common Stock on a one-for-one basis for no additional consideration. The filing notes the conversion was exempt from Section 16(b) pursuant to Rule 16b-6(b).
Were the insider’s recent VIP transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as being under a plan, and the footnotes describing the purchase, awards, and conversion do not state that they were made pursuant to any Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
