Ferring Russell Shea 4

What Happened
Russell Shea, Chief Technology Officer of Firefly Aerospace Inc. (FLY), was granted 15,756 restricted stock units (RSUs) on March 10, 2026. The grant is reported as an award/acquisition at $0.00 (total reported cash value $0) — these RSUs represent rights to receive shares upon vesting rather than an immediate open-market purchase.

Key Details

• Transaction date and price: 2026-03-10; Awarded 15,756 RSUs at $0.00 per share (reported $0 total).
• Vesting: One-third vests at the one-year anniversary of the grant; thereafter 1/12 vests quarterly so the RSUs fully vest at the third anniversary, subject to continued employment (per footnote).
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Report filed 2026-03-12 for a 2026-03-10 grant — appears timely (no late-filing indication).
• No 10b5-1 plan, tax-withholding, or cashless-exercise notes were reported for this grant.

Context
RSU grants are a form of equity compensation intended to retain executives and align their interests with shareholders; they do not represent immediately tradable shares until they vest. This award is an internal compensation event rather than an open-market purchase or sale, so it should be viewed as part of executive pay rather than a direct signal of the insider buying or selling stock.