Owens Charles E 4
4 · Suncrete, Inc. · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Suncrete (RMIX) Director Charles E. Owens Receives 48,000-Share Award
What Happened
- Charles E. Owens, a director of Suncrete, Inc. (RMIX), was granted 48,000 restricted shares of Class B common stock on April 20, 2026. The award was reported as an acquisition (derivative award) at $0.00 per share (no cash paid). The shares are subject to time-based vesting and were granted under Suncrete’s 2026 Omnibus Incentive Plan.
Key Details
- Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (timely filing).
- Grant: 48,000 restricted Class B shares; reported price $0.00 (award/derivative).
- Vesting: 32,000 shares vest on April 20, 2028 and 16,000 shares vest on April 20, 2029, contingent on continued service.
- Voting/ownership: Mr. Owens has sole voting power over these shares per the award agreement.
- Class B features: Class B shares carry 10 votes per share, convertable into Class A shares in certain circumstances, and vote together with Class A as a single class (see footnotes for convertibility rules).
- Shares owned after transaction: not specified in the filing.
Context
- This was an equity award (grant) rather than a market purchase or sale; because the shares vest over time, they do not represent immediately tradable stock or immediate proceeds. Awards like this are common compensation for executives and directors and should be interpreted as part of long-term incentive arrangements rather than short-term market sentiment.
Insider Transaction Report
Form 4
Suncrete, Inc.RMIX
Owens Charles E
Director
Transactions
- Award
Class B Common Stock
[F1][F2][F3]2026-04-20+48,000→ 48,000 total→ Class A Common Stock (48,000 underlying)
Footnotes (3)
- [F1]Each share of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), of Suncrete, Inc. (the "Issuer") is convertible at any time at the option of the holder thereof into one share of Class A Common Stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock"). In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B Common Stock, all outstanding shares of Class B Common Stock will be converted into shares of Class A Common Stock. Further, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, whether or not for value, except upon certain transfers described in the Issuer's amended and restated certificate of incorporation. The holders of Class A Common Stock and Class B Common Stock vote as a single class on all matters submitted to a vote of stockholders.
- [F2]The holders of Class A Common Stock are entitled to one vote per share and the holders of the Class B Common Stock are entitled to 10 votes per share. The shares of Class B Common Stock do not expire.
- [F3]Represents 48,000 restricted shares of Class B Common Stock with time-based vesting criteria granted to Mr. Owens under the Suncrete, Inc. 2026 Omnibus Incentive Plan that vest as follows: (i) 32,000 shares on April 20, 2028 and (ii) 16,000 shares on April 20, 2029; provided, that Mr. Owens is providing services to the Issuer through each such date. Under the terms of the award agreement, Mr. Owens has sole voting power with respect to the shares.
Signature
/s/ Charles E. Owens|2026-04-22