WESSEL RICK L 4
Research Summary
AI-generated summary
FirstCash (FCFS) CEO Rick Wessel Receives RSU Awards
What Happened
Rick Wessel, Vice‑Chairman, CEO and a director of FirstCash Holdings (FCFS), was granted and received restricted stock units (RSUs) reported on 2026-01-28. The filing shows acquisition of 30,945 RSUs (time‑vested grant) and 91,619 RSUs (performance RSUs vesting), all at $0.00, for a total of 122,564 RSUs. Simultaneously, 36,052 shares were disposed (withheld) to cover tax withholding related to the vesting.
Key Details
- Transaction date(s) and prices: 2026-01-28; grants/vests reported at $0.00 (award of RSUs; not an open‑market purchase).
- Shares acquired: 30,945 (time‑vested grant) + 91,619 (performance RSU vesting) = 122,564 RSUs.
- Shares disposed: 36,052 shares withheld to cover tax liability. (Transaction code F = tax withholding.)
- Footnotes:
- F1: 30,945 RSUs granted 1/28/2026 under a time‑vested RSU award; vesting date 12/31/2028.
- F2: 91,619 RSUs represent performance awards granted 2/1/2023 that vested based on three‑year performance through 12/31/2025.
- F3: 36,052 shares withheld for taxes at vesting.
- Filing timeliness: Report filed 2026-01-30 for a 2026-01-28 transaction — appears timely (filed within the typical two business‑day window).
- Shares owned after transaction: not specified in the provided filing details.
Context
RSUs are awards that convert into shares upon vesting; the $0.00 price reflects that these were grants/vesting events rather than purchases. Performance RSUs that vested reflect achievement of prior targets and are routine compensation; tax‑withholding by withholding shares is a common administrative step and not an open‑market sale. Awards and withholding do not necessarily signal the insider’s buy/sell sentiment.