Lange Udo 4
Research Summary
AI-generated summary
Freightos (CRGO) Director Udo Lange Receives RSU Award
What Happened
Udo Lange, a director of Freightos Ltd (CRGO), was granted an additional 97,562 restricted stock units (RSUs) on April 28, 2026 as an amendment to a prior award. The RSUs were granted at $0.00 (no cash paid). Under the amended terms the total grant to Lange is 121,952 RSUs, which will settle into 121,952 ordinary shares over a four‑year annual vesting schedule (30,488 shares vest each year), with full settlement by July 28, 2029. This was an award/grant (transaction code A), not a purchase or sale.
Key Details
- Transaction date: 2026-04-28; Form 4 filed 2026-04-29 (timely).
- Reported grant: 97,562 RSUs added; total RSU grant now 121,952 RSUs. Grant value reported at $0.00 (no cash paid at grant).
- Vesting: 121,952 RSUs vest and settle in four equal annual installments of 30,488 shares on each of the first four anniversaries of the original grant date (July 28, 2025) — fully vested by July 28, 2029.
- Related prior terms: Previously 24,390 RSUs were scheduled to vest by July 28, 2026 plus indeterminable future, now replaced by the fixed additional 97,562 RSUs.
- Other note: A separate RSU grant (subject to board‑meeting attendance) began vesting Oct 1, 2025 and vests quarterly through Oct 1, 2026 (see filing footnote).
- Filing exhibits: Exhibit 24.1 Power of Attorney included.
Context
- This is a grant/award of equity (A), not a market buy or sale; such awards are compensation, not a direct bullish/bearish trade by the insider.
- The amendment replaced future, market‑priced potential awards with a fixed share amount now subject to multi‑year vesting.
- No immediate sale or exercise occurred; the insider will receive underlying shares only as RSUs vest.
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