Crestview IV VC TE Holdings, LLC 4
Research Summary
AI-generated summary
Pursuit (PRSU) 10% Owner Receives 3,596 RSU Award
What Happened
- Crestview Partners IV GP, L.P. (a reported 10% owner) received an award of 3,596 restricted stock units (RSUs) on 2026-03-01. The transaction is reported as an award/grant (code A) at $0.00 per share (total reported acquisition value $0).
- The RSUs were granted under Pursuit Attractions & Hospitality, Inc.’s Omnibus Incentive Plan and were issued to Brian P. Cassidy (a board member and Partner at Crestview-related entities) and assigned to Crestview Advisors, L.L.C., per the filing. The RSUs are scheduled to vest on March 1, 2027.
Key Details
- Transaction date: 2026-03-01; filing date: 2026-03-03 (Form 4 filed timely).
- Reported grant: 3,596 RSUs @ $0.00 (acquisition amount $0).
- Shares owned after transaction: Not specified in the Form 4 for the reporting person.
- Notable footnotes:
- F1/F2: RSUs granted to Brian Cassidy (and referenced for Patrick LaValley) and assigned to Crestview Advisors, L.L.C.; F2 notes 1,276 RSUs that vested upon LaValley’s separation.
- F3/F4: Crestview Partners IV GP, L.P. may be deemed beneficial owner of shares held by Crestview funds; Cassidy is a director and a partner in Crestview entities.
- F5: The reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
- Remarks include Exhibit 99.1 (Joint Filer Statement).
Context
- This is a grant of RSUs (a deferred equity award), not an open-market purchase or sale. RSUs generally convert to shares only upon vesting and do not represent immediate sale proceeds or cash investment.
- The reporting entity is an institutional/affiliate holder tied to an individual director (Brian Cassidy). Institutional grants assigned to an affiliate are common and do not necessarily signal personal trading intent.