Elkann John 4

What Happened

• John Elkann, a director of Meta Platforms, was granted 612 Restricted Stock Units (RSUs) on June 15, 2026. The grant is reported as a derivative award with a per-share price of $0.00 (typical for RSU grants); the units represent a contingent right to receive Class A common shares upon settlement. The RSUs have been deferred into Meta’s Deferred Compensation Plan for Non-Employee Directors.

Key Details

• Transaction date: 2026-06-15 (Form 4 filed 2026-06-17).
• Type: Award/Grant of RSUs (derivative), 612 RSUs @ $0.00.
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Vesting: 100% vests on May 15, 2027, unless the 2027 Annual Meeting occurs earlier and Elkann does not stand for/re‑elected—then vesting occurs on the meeting date (see footnote).
• Settlement: Elkann has deferred settlement under the Issuer’s Deferred Compensation Plan for Non‑Employee Directors.
• Timeliness: Form 4 appears to have been filed promptly (no late‑filing flag).

Context

• RSUs are contingent awards that convert to company shares upon vesting/settlement; because Elkann deferred settlement, he will not immediately receive shares or sale proceeds. Director RSU grants are routine compensation for non‑employee board members and do not, by themselves, signal a buy or sell decision in the open market.