Stendevad Poul Carsten 4

What Happened

• Poul Carsten Stendevad, a director of Vertical Aerospace Ltd. (EVTL), received a grant of 59,433 restricted stock units (RSUs) on July 1, 2026 (reported as an "A" acquisition, derivative award). The RSUs were granted at $0.00 per share (no cash paid).
• To cover tax obligations, 867 shares were withheld/disposed on the same date (reported as code "F") at $1.74 per share, totaling $1,509. The withholding is a routine tax-related disposition, not an open-market sale.

Key Details

• Transaction date: July 1, 2026.
• Grant: 59,433 RSUs @ $0.00 (derivative award).
• Tax withholding: 867 shares @ $1.74 = $1,509 (code F).
• Vesting/expiry: Per the filing footnote, the RSUs vest on December 31, 2026 and have no expiration date (F1).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing date: Form filed July 6, 2026 (five days after the transaction); Form 4s are typically due within two business days, so this appears to have been filed late.

Context

• RSUs are compensation awards that convert to shares upon vesting; they are not an immediate market purchase and therefore do not directly signal a market vote by the insider. The 867-share disposition here reflects tax withholding to satisfy withholding obligations on the grant, a common administrative action.