Ky Patrick Marc 4
Research Summary
AI-generated summary
Vertical Aerospace (EVTL) Director Ky Patrick Marc Receives RSU Award
What Happened
- Ky Patrick Marc, a director of Vertical Aerospace Ltd. (EVTL), was granted 28,301 restricted stock units (RSUs) on 2026-07-01 (transaction code A). The grant shows no cash value at grant (reported $0.00) because RSUs are a derivative award that convert to common shares on vesting.
- To cover tax withholding related to the award, 728 shares were surrendered/withheld on the same date at an indicated price of $1.74 per share, totaling about $1,267 (transaction code F).
Key Details
- Transaction date: 2026-07-01; Filing date: 2026-07-06 (appears later than the typical 2-business-day Form 4 window).
- Grant: 28,301 RSUs (A) at $0.00 reported value; Tax withholding: 728 shares disposed (F) at $1.74 each ≈ $1,267.
- Vesting note (footnote): The RSUs will vest on December 31, 2026 and have no expiration date.
- Shares owned after the transaction: not specified in the filing.
Context
- This filing records a compensation award (RSUs), not an open-market purchase or sale — such grants are common forms of director compensation and do not necessarily signal a personal investment decision.
- The 728-share disposition was a tax withholding action to satisfy tax liability on the RSU award, not a market sale for cash proceeds beyond the withholding.