Schissel John A 4
Research Summary
AI-generated summary
Centerspace (CSR) Director John Schissel Receives Award 2,124 Shares
What Happened
John A. Schissel, a director of Centerspace (CSR), was granted a contingent award of 2,124 shares on May 13, 2026. The Form 4 shows the acquisition price as $0.00 and reports the transaction as a derivative award (no immediate cash value recorded).
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-14 (appears timely).
- Transaction type/code: Grant / Award (A); reported price: $0.00.
- Shares acquired: 2,124 contingent shares.
- Shares owned after transaction: not specified in the filing.
- Footnote: F1 — the grant is a contingent right to receive Centerspace common shares, vesting on May 13, 2027.
Context
This was an award/compensation grant (not an open-market purchase or sale). Such awards are typically part of director compensation or retention programs and do not necessarily signal immediate trading intent. The award is a derivative/contingent right that vests one year later, at which point the shares may be issued if vesting conditions are met.