Berk Frederick R. 4
Research Summary
AI-generated summary
Elauwit (ELWT) Director Berk Frederick Receives 1,847 RSUs
What Happened
- Berk Frederick, a director of Elauwit Connection, Inc., was granted 1,847 restricted stock units (RSUs) on April 2, 2026. The grant was recorded at $0.00 per share (no cash purchase). These RSUs are derivative awards that will convert into one common share each upon vesting.
Key Details
- Transaction type and code: Award/Grant (Code A) of 1,847 RSUs on 2026-04-02 at $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The RSUs convert one-for-one to common stock, were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan, are exempt under Rule 16b-3, and (unless otherwise stated in the award notice) vest on the first anniversary of the grant (see F1).
- Filing timeliness: Report filed 2026-04-06; this appears timely (filed within the two business-day Form 4 window).
Context
- RSU grants are a common form of executive/director compensation and do not represent an open‑market purchase or sale. They typically vest over time and do not indicate an immediate sale; market sentiment should not be inferred solely from a grant.