HERMAN CHARLES J JR 4
4 · Janus Living, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Janus Living Director Herman Charles J Jr Buys 5,500 Shares, Receives Grants
What Happened
Herman Charles J Jr, a director of Janus Living, Inc. (JAN), made multiple equity transactions on 2026-03-23. He purchased 5,500 shares at $20.00 each for a total of $110,000 (open market/private purchase). He also received two awards at no cash cost: 2,500 vested shares granted in connection with the company’s IPO and 5,000 restricted stock units (RSUs) granted as annual director compensation.
This mix of a cash purchase plus awards includes a direct purchase (a clear buy) and equity compensation (awarded shares/RSUs). The purchase represents an immediate outlay of $110,000; the RSUs convert one-for-one into Class A-1 common shares upon vesting under the conditions described below.
Key Details
- Transaction date: 2026-03-23 (reported on Form 4 filed 2026-03-24) — filing appears timely.
- Purchases/awards:
- 2,500 shares — Award (A) @ $0.00 (F1: vested shares from IPO)
- 5,000 RSUs — Award (A) @ $0.00 (F2: annual director RSU grant; convert 1-for-1 on vesting)
- 5,500 shares — Purchase (P) @ $20.00 each; total $110,000 (F3: shares purchased from underwriters in the IPO)
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes:
- F1: vested IPO-related shares.
- F2: RSUs convert one-for-one and vest in full on the earliest of (a) first anniversary of grant, (b) next annual meeting, or (c) termination due to death/disability.
- F3: purchase was from IPO underwriters.
- No 10b5-1 plan or tax-withholding details were disclosed in the filing.
Context
- Purchases by insiders (the $110k open-market/underwriter buy here) can be viewed as a direct, measurable investment by the director; awards (vested shares and RSUs) are compensation and do not by themselves indicate a personal cash investment.
- RSUs are restricted until they vest; once vested they convert to shares on a one-for-one basis per the filing.
Insider Transaction Report
- Award
Class A-1 Common Stock
[F1]2026-03-23+2,500→ 2,500 total - Award
Class A-1 Common Stock
[F2]2026-03-23+5,000→ 7,500 total - Purchase
Class A-1 Common Stock
[F3]2026-03-23$20.00/sh+5,500$110,000→ 13,000 total
Footnotes (3)
- [F1]Represents the grant of vested shares in connection with the Issuer's initial public offering of Class A-1 Common Stock ("IPO").
- [F2]Represents the grant of restricted stock units ("RSU's") as annual equity compensation for service as a director of the Issuer. The RSUs convert on a one-for one basis into shares of Class A-1 Common Stock upon vesting, and vest in full on the earliest of the first anniversary of the grant date, the date of the Company's annual meeting of stockholders following the grant date, or the termination of the director's service due to death or disability.
- [F3]Represents shares purchased from the underwriters in the IPO.