Newcleo (NWCL) CFO Jon Stranske Receives Award

What Happened

• Jon Stranske, Chief Financial Officer of newcleo plc (NWCL), was granted 6,729 shares as "Company Earnout Bonus RSUs" on 2026-09-21. The award price is reported as $0.00, so there was no cash paid and the immediate value is $0.
• This is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-23 (filed within the standard two-business-day window).
• Shares granted: 6,729 RSUs; reported acquisition price: $0.00; total reported value: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote (F1): RSUs are "Company Earnout Bonus RSUs" under the Business Combination Agreement. Vesting conditions:
  • 50% vests if VWAP ≥ $15.00 during any 20 trading days within a 30-trading-day period; and
  • 50% vests if VWAP ≥ $18.00 on any trading day within a 30-trading-day period;
  • Price attainment must occur between Sept 21, 2026 and Sept 21, 2031, and RSUs also subject to applicable service vesting conditions.
• No tax-withholding dispositions or sales reported in this filing.

Context

• These are contingent RSU awards tied to future stock-price targets and service requirements — they only convert to shares if the specified price and service conditions are met. Such earnout awards are common in post‑merger arrangements and do not necessarily indicate immediate insider buying or selling.