McQuaid Brian Michael 4
Research Summary
AI-generated summary
SmartRent (SMRT) General Counsel McQuaid Vests RSUs, Withholds 4,698 Shares
What Happened
Brian McQuaid, General Counsel of SmartRent (SMRT), had 14,610 restricted stock units (RSUs) vest and convert into common shares on January 22, 2026. To satisfy tax withholding, 4,698 of those shares were withheld (disposed) at $1.72 per share for a total tax withholding value of $8,081. The filings show the RSU conversion as an exercise/conversion of a derivative (code M) and a separate tax-withholding disposition (code F).
Key Details
- Transaction date: January 22, 2026; Form filed January 28, 2026 (transaction reported 6 days after the event).
- Vesting/conversion: 14,610 RSUs converted to 14,610 shares (derivative conversion).
- Tax withholding: 4,698 shares withheld at $1.72 each, total ~$8,081.
- Footnotes: RSUs were part of a 58,441 RSU grant dated Jan 22, 2025; one-fourth (14,610) vested on Jan 22, 2026 with the remainder vesting annually. Each RSU represents a contingent right to one share.
- Shares owned after the transaction: not specified in the provided filing.
Context
This was a routine vesting/net-share settlement of RSUs, not an open-market sale to generate cash beyond tax obligations. The M codes reflect conversion of RSUs into common stock; the F code indicates shares were surrendered/withheld to cover taxes. Such transactions typically reflect scheduled vesting under an equity award plan rather than a discretionary buy or sell decision.