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ARKO Corp.·4

Mar 3, 4:30 PM ET

Bricks Maury 4

Research Summary

AI-generated summary

Updated

ARKO GC Bricks Maury Receives Awards; Shares Withheld for Taxes

What Happened

  • Bricks Maury, General Counsel and Secretary of ARKO Corp. (ARKO), received multiple equity awards (RSUs/PSUs) and had derivative awards convert to common stock in late Feb–early Mar 2026. Several award/conversion events occurred and a portion of the shares were withheld to satisfy tax liabilities.
  • Reported transactions (from the Form 4):
    • 2026-02-27: Awarded 38,462 shares (code A) and additional derivative awards of 77,869 and 24,590 shares (code A).
    • 2026-03-01: Conversions/exercises of derivative awards totaling 35,959 shares (code M) and two derivative conversions shown as 15,540 and 20,419 shares (code M).
    • Tax withholding (code F): 17,871 shares withheld on 2026-02-27 for $6.43/share = $114,911, and 15,894 shares withheld on 2026-03-01 for $6.43/share = $102,198. Total withheld = 33,765 shares for ~$217,109.
  • This activity reflects awards vesting/converting and routine share withholding to cover tax obligations — not open-market purchases or sales.

Key Details

  • Transaction dates & prices:
    • Awards granted: 2026-02-27 (multiple A-code awards).
    • Conversions/exercises: 2026-03-01 (M-code).
    • Tax-withheld dispositions: 2026-02-27 (17,871 shares at $6.43 = $114,911) and 2026-03-01 (15,894 shares at $6.43 = $102,198).
  • Shares withheld for taxes: 33,765 shares; cash value reported ≈ $217,109.
  • Shares owned after the transactions: not specified in the filing excerpt provided.
  • Footnotes: awards reference prior performance stock units and RSUs with multi-year vesting schedules (see F1–F6). Some awards are PSUs (performance-based) and some are restricted stock units (RSUs) with staged vesting.
  • Filing timeliness: Form 4 filed 2026-03-03 for transactions on 2026-02-27 and 2026-03-01; the filing appears timely (within the required two business days following each transaction).

Context

  • These were award/vesting and derivative-conversion events (code A and M). The F-code entries show shares were withheld (share-for-tax withholding) to satisfy tax obligations — a common administrative step that reduces the net shares received and does not represent an open-market sale.
  • For retail investors: award conversions and tax withholding are routine executive compensation mechanics and do not, by themselves, signal a buy or sell decision by the insider.