Matteson Mark R 4
4 · Suncrete, Inc. · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Suncrete (RMIX) Director Mark Matteson Receives 96,000-Share Award
What Happened
- Mark R. Matteson, a director of Suncrete, Inc. (RMIX), was granted 96,000 restricted shares of Class B Common Stock on April 20, 2026. The shares were reported as an award (code A) at $0.00 per share (total reported value $0) and are treated as a derivative equity award subject to vesting.
Key Details
- Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (timely).
- Award: 96,000 restricted Class B shares, acquisition price $0.00 (derivative/award).
- Vesting: 64,000 shares vest on April 20, 2028; 32,000 shares vest on April 20, 2029, contingent on continued service.
- Voting/ownership: Under the award agreement Mr. Matteson has sole voting power over the awarded shares. The filing does not state total shares owned after the grant.
- Notes from filing: Class B shares convert 1:1 to Class A in various circumstances and carry 10 votes per share. Class B shares do not expire.
- Special remark: A prior Form 3 (Apr 8, 2026) noted potential beneficial ownership via Dothan Concrete Investors, LLC due to a past affiliation; the Form 4 clarifies Mr. Matteson was not an executive officer of SunTx Capital Management Corp. as of Apr 8 and does not directly own securities held by that entity—those securities are excluded from this Form 4.
Context
- This was a time‑based restricted stock award (an equity compensation grant), not an open‑market purchase or sale. Such awards typically reflect compensation or retention incentives and vest over time; they do not represent an immediate cash outlay or sale of stock. Because the shares are Class B (10 votes each and convertible to Class A), they carry enhanced voting power while subject to the stated vesting schedule.
Insider Transaction Report
Form 4
Suncrete, Inc.RMIX
Matteson Mark R
Director
Transactions
- Award
Class B Common Stock
[F1][F2][F3]2026-04-20+96,000→ 96,000 total→ Class A Common Stock (96,000 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 96,000 restricted shares of Class B Common Stock with time-based vesting criteria granted to Mr. Matteson under the Suncrete, Inc. 2026 Omnibus Incentive Plan that vest as follows: (i) 64,000 shares on April 20, 2028, and (ii) 32,000 shares on April 20, 2029; provided, that Mr. Matteson is providing services to the Issuer through each such date. Under the terms of the award agreement, Mr. Matteson has sole voting power with respect to the shares.
Signature
/s/ Mark R. Matteson|2026-04-22