ORR R DOUGLAS 4
Research Summary
AI-generated summary
FirstCash (FCFS) CFO Orr R. Douglas Receives RSU Awards
What Happened
Orr R. Douglas, Chief Financial Officer of FirstCash Holdings, received a total of 39,515 restricted stock units (RSUs) on January 28, 2026: a grant of 9,545 time‑vested RSUs (no cash cost) and 29,970 performance‑based RSUs that vested based on the 2023–2025 performance period. To cover tax withholding associated with the vesting, 11,793 shares were withheld (reported as a disposition). All transactions were reported at $0.00 per share because these were equity awards/vests, not open‑market purchases or sales.
Key Details
- Transaction date: January 28, 2026 (reported on Form 4 filed January 30, 2026). Filing appears timely.
- Transaction codes: A = Award/Grant (9,545 and 29,970 RSUs acquired); F = Tax withholding (11,793 shares disposed).
- Prices: $0.00 per share (awards/vests; not cash transactions).
- Net newly acquired shares (based on entries): 39,515 acquired − 11,793 withheld = 27,722 net shares added to holdings.
- Vesting/terms: 9,545 RSUs are time‑vested (grant dated Jan 28, 2026; vesting on Dec 31, 2028); 29,970 RSUs vested from a Feb 1, 2023 performance award covering the 3‑year period ending Dec 31, 2025.
- Tax withholding: 11,793 shares were withheld to satisfy tax liabilities on vesting (footnote F3).
- Holdings structure: Reported securities are held by a family limited partnership and a spousal trust; Mr. Douglas is general partner of the partnership and disclaims beneficial ownership except for his pecuniary interest (footnotes F4, F5).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
Context
RSU grants and vesting are compensation, not purchases; performance RSUs reflect attainment of corporate targets over a multi‑year period, while time‑vested RSUs require continued service until a future vest date. The tax withholding simply covers tax obligations and is common with RSU vesting. This activity is informational about executive compensation and does not, by itself, indicate a buy/sell signal.