Morris John Andrew Sr. 4
Research Summary
AI-generated summary
Repay CEO John Morris Sr. Receives 968,309-Share Award
What Happened
Morris John Andrew Sr. (John Morris Sr.), CEO of Repay Holdings Corp (RPAY), received a grant of 968,309 restricted Class A common shares on March 11, 2026. The shares were issued at $0.00 (no cash paid). This was an award/grant (Form 4 transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (timely filing).
- Shares granted: 968,309 restricted Class A common shares; reported price: $0.00 (total purchase price $0).
- Vesting: Per footnote F1, the grant vests in four equal annual installments beginning March 11, 2027.
- Ownership disclosure: Several footnotes (F2–F5) indicate related securities are held in trusts, an LLC, or a corporation (family trust and related entities); the reporting person disclaims beneficial ownership of indirectly held securities except to the extent of any pecuniary interest.
- Shares owned after transaction: Not specified in the information provided in this summary.
Context
This is a restricted stock award rather than a market purchase or sale — the shares are subject to time-based vesting and are not immediately liquid. Such grants are commonly part of executive compensation and do not by themselves indicate a buy/sell signal to the market.