Glazek David Edward 4
Research Summary
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NCMI Director David Glazek Receives 18,210-Share Award
What Happened
David Glazek, a director of National CineMedia, reported the vesting/conversion of 18,210 restricted stock units on February 27, 2026. The Form 4 shows an acquisition of 18,210 shares at $0.00 (vesting of RSUs) and a corresponding derivative disposition of 18,210 shares at $0.00. The filing reports no cash proceeds — this was an award/vesting event, not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-02-27, reported at $0.00 per share (vesting/conversion).
- Shares involved: 18,210 RSUs converted to 18,210 common shares.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1 = acquisition of common stock upon vesting of restricted stock units; F2 = each RSU equals one share.
- Filing timeliness: Report filed 2026-03-03; this appears to be timely (filed within the Form 4 reporting window).
Context
The Form 4 uses code M for the derivative conversion; here it reflects RSUs vesting into common stock. A $0.00 price is typical for awards/vestings (an administrative conversion), not a market sale or purchase. The dual entries (acquisition and matching derivative disposition at $0) reflect the RSU settlement reporting and do not necessarily indicate an open-market sale.
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