HOOD MARK C 4
Research Summary
AI-generated summary
Ridgepost EVP Mark C. Hood Vests RSUs; 17,777 Shares Withheld
What Happened
- Mark C. Hood, EVP & Chief Administration Officer of Ridgepost Capital, had RSUs vest on Feb 14, 2026 (grant originally made Feb 14, 2025). A total of 56,702 RSUs converted into common shares. To satisfy tax withholding, 17,777 shares were surrendered at $8.70/share for $154,660; the net shares delivered to Hood were 38,925. On Feb 17, 2026 he was granted an additional 58,548 RSUs that vest on the first anniversary of that grant (subject to continued service).
Key Details
- Transaction dates: Vesting/conversion on 2026-02-14; new RSU grant on 2026-02-17; Form 4 filed 2026-02-18 (appears timely).
- Shares converted/issued: 56,702 (47,582 + 9,120); tax withholding: 17,777 shares @ $8.70 = $154,660; net shares received: 38,925.
- New award: 58,548 RSUs granted 2026-02-17, vesting one year later if service continues.
- Footnotes: Each RSU equals one share on vesting; the Feb 14, 2026 conversion relates to RSUs granted Feb 14, 2025 that vested on their first anniversary.
- Shares owned after the transaction are not specified in the provided filing excerpt.
- Filing: Form 4 filed 2026-02-18 (within the expected SEC filing window considering business days/holiday).
Context
- These filings reflect routine RSU vesting and share withholding to cover taxes (a cashless tax withholding), not an open‑market sale or purchase. RSU vesting/conversion and subsequent withholding are common compensation events and do not by themselves indicate insider buying or selling intent.
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