ADIG Director Stephen LeClair Receives RSU Award
$ADIG · ADI GLOBAL DISTRIBUTION INC.Research Summary
AI-generated summary of this SEC filing
ADIG Director Stephen LeClair Receives RSU Award
What Happened Stephen O. LeClair, a director of ADI Global Distribution Inc. (ADIG), received a grant of 5,825 restricted stock units (RSUs) on August 7, 2026. The Form 4 reports the RSUs as a derivative acquisition at $0.00 (code A — award/grant). Per the filing, these RSUs will vest on August 7, 2027.
Key Details
- Transaction date: 2026-08-07; Filing date (Form 4): 2026-08-11 (filed within the normal two business-day window for Form 4s).
- Security: 5,825 restricted stock units (RSUs); acquisition price reported $0.00; derivative transaction (award).
- Vesting: RSUs vest on August 7, 2027 (footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — each RSU represents a contingent right to one share; F2 — vest date 08/07/2027.
Context RSUs are a form of equity compensation that convert to common shares upon vesting and are not the same as an immediate stock purchase—no new tradable shares are issued to the insider until vesting (and any required withholding is handled per company policy). Grants to directors are common as part of compensation and do not by themselves indicate a buy/sell signal; they reflect compensation arrangements set by the board or compensation committee.