Hyter Michael 4
Research Summary
AI-generated summary
Dine Brands Director Michael Hyter Receives 4,946.607 Shares
What Happened
- Michael Hyter, a director of Dine Brands Global, reported the vesting/settlement of 4,946.607 restricted stock units (and related dividend equivalents) that were converted into common shares on March 6, 2026. The filing shows an acquisition valued at $31.58 per share, totaling $156,214. A related derivative-conversion line at $0.00 reflects the conversion of the RSU/derivative into shares rather than a cash sale.
Key Details
- Transaction date: 2026-03-06
- Report filed: 2026-03-09 (Form 4 accession 0001193125-26-099109)
- Shares received: 4,946.607
- Per-share value recorded: $31.58
- Total value recorded: $156,214
- Footnote F1: Transaction represents vesting and settlement of restricted stock units and dividend equivalent rights
- No sale reported; no separate tax-withholding or open-market sale line appears in the provided filing
- Shares owned after the transaction: not specified in the supplied filing
Context
- This was an award/settlement of compensation (RSUs), not an open-market purchase or sale. Such settlements increase an insider’s holdings but are typically part of routine compensation; they do not by themselves indicate a buy or sell signal. The filing shows the RSUs converted into shares rather than being sold immediately (no cashless sale reported).