Latch (LTCH) Director Peter A. Campbell Receives RSU Award

What Happened Peter A. Campbell, a director of Latch, Inc. (LTCH), was granted 545,833 restricted stock units (RSUs) on September 8, 2026. The reported acquisition price is $0.00 (an award/compensation grant). These RSUs do not reflect an open‑market purchase or sale; they are a form of equity compensation that will convert to shares if and when they vest.

Key Details

• Transaction type: Award/Grant (code A) — 545,833 RSUs granted on 2026-09-08 at $0.00.
• Vesting: RSUs vest in full on the earlier of (i) one-year anniversary of the grant (2027-09-08) or (ii) immediately prior to the election of director nominees at Latch’s 2027 annual meeting, subject to continued board service.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing: Form 4 filed on 2026-09-10 (appears timely; Form 4 is typically due within two business days).
• Footnote: Vesting is conditional on continued service through the applicable vesting date.

Context RSU grants are common for directors and represent compensation tied to future service; they are neither a direct cash investment nor an immediate sale. Because vesting is time- and service‑based, this grant does not by itself indicate the director bought or sold stock in the open market.