Suncrete, Inc.·4

Apr 22, 6:03 PM ET

Johnston Bretton A. 4

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Suncrete (RMIX) Director Bretton A. Johnston Receives 48,000-Share Award

What Happened
Bretton A. Johnston, a director of Suncrete, Inc. (RMIX), received a grant of 48,000 restricted shares of Class B common stock on April 20, 2026. The award is reported as a derivative grant at $0.00 per share (no cash purchase). The shares vest over time: 32,000 shares vest on April 20, 2028 and 16,000 shares vest on April 20, 2029, contingent on Mr. Johnston continuing to provide services through each vesting date. Under the award agreement he has sole voting power for these shares.

Key Details

  • Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (filed within the standard two-business-day window).
  • Transaction type/code: A — Award/Grant (derivative grant reported at $0.00).
  • Shares granted: 48,000 restricted Class B common shares.
  • Vesting: 32,000 on 4/20/2028; 16,000 on 4/20/2029 (service condition applies).
  • Voting/ownership notes: Mr. Johnston has sole voting power for the granted shares.
  • Class B mechanics: Each Class B share converts to one Class A share (often automatically on transfers) and carries 10 votes per share; holders of Class B vote as a single class with Class A.
  • Shares owned after transaction: Not specified in the filing.

Context
This is a standard time‑based equity award commonly used for director compensation; it does not represent a market purchase or sale. Because the award vests over multiple years and is reported as a derivative grant, there was no immediate cash flow or market sale associated with this filing. Such grants are compensation-related and should be viewed differently from open-market insider purchases or sales.