Keel Infrastructure Corp.·4

Apr 6, 5:01 PM ET

Gagnon Benjamin 4

4 · Keel Infrastructure Corp. · Filed Apr 6, 2026

Research Summary

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Keel Infrastructure CEO Benjamin Gagnon Receives 1,665,300 RSUs

What Happened
Benjamin Gagnon, CEO of Keel Infrastructure Corp. (KEEL), received a grant of 1,665,300 restricted stock units (RSUs) on April 2, 2026. The grant is reported as a derivative award at a $0 acquisition price (Form 4 shows $0 value because RSUs are contingent rights rather than an immediate cash purchase). RSUs convert to one share each (or cash equivalent at the issuer’s election) when vested.

Key Details

  • Transaction date: 2026-04-02; Form 4 filed: 2026-04-06. (Filing occurred 4 days after the transaction — Form 4s are generally due within 2 business days; review the filing for any late-report notation.)
  • Transaction type/code: Award/Grant (A) of RSUs.
  • Quantity: 1,665,300 RSUs; reported acquisition price $0; reported total value $0 on the Form 4.
  • Shares owned after transaction: Not disclosed in the provided filing excerpt.
  • Footnotes: F1 — each RSU = contingent right to one share or cash. F2 — RSUs vest yearly in three equal installments beginning April 2, 2027.

Context
RSU grants are common executive compensation and are not the same as an open‑market purchase or sale. They represent potential future shares subject to vesting and do not by themselves indicate immediate buying or selling pressure. Because vesting begins in April 2027 and occurs over three years, these awards tie compensation to future performance/tenure rather than immediate stock ownership.

Insider Transaction Report

Form 4
Period: 2026-04-02
Gagnon Benjamin
DirectorChief Executive Officer
Transactions
  • Award

    Restricted Stock Units

    [F1][F2]
    2026-04-02+1,665,3001,665,300 total
    Common Stock (1,665,300 underlying)
Footnotes (2)
  • [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock or an equivalent value in cash at the issuer's election.
  • [F2]The RSUs vest yearly in three equal installments starting April 2, 2027.
Signature
/s/ Rachel Silverstein, as attorney-in-fact|2026-04-06

Documents

1 file
  • 4
    ownership.xmlPrimary

    4