Ernzen Kimberly 4
Research Summary
AI-generated summary
StandardAero (SARO) COO Kimberly Ernzen Receives RSUs, Sells 2,516
What Happened
Kimberly Ernzen, Chief Operating Officer of StandardAero, had multiple equity events reported on an April 15–16, 2026 Form 4. The filing shows conversion/exercise of 9,148 derivative shares on April 15, and grants/awards of RSUs totaling 89,717 RSUs (28,681 and 61,036). On April 16, Ernzen sold 2,516 shares in an open-market transaction at $27.36 per share, generating $68,838; the filing also reports 9,148 derivative shares disposed at $0.00. The sale is reported as to cover tax withholding obligations related to RSU vesting, so this is a routine tax-withholding sale rather than a directional buy.
Key Details
- Transaction dates/prices:
- Apr 15, 2026: Conversion/exercise of 9,148 derivative shares (reported as acquired and separately as disposed at $0.00).
- Apr 15, 2026: Grants/awards of 28,681 RSUs and 61,036 RSUs (issued at $0.00; RSUs are derivatives).
- Apr 16, 2026: Open-market sale of 2,516 shares at $27.36 — proceeds $68,838.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes of note:
- F1: Each RSU converts to one share if and when settled.
- F2: The 2,516-share sale was to cover tax withholding from RSU vesting.
- F3/F4: One RSU grant vests in three equal annual installments starting Apr 15, 2026; the other vests in three equal annual installments starting Apr 15, 2027.
- F5: A related stock option vests in three equal annual installments beginning Apr 15, 2027.
- Filing timeliness: Report filed Apr 17, 2026 for transactions on Apr 15–16, 2026 — within the typical 2-business-day Form 4 window (timely).
- Remarks: Exhibit 24.1 (Power of Attorney) included.
Context
RSU grants are awards that convert into shares over time according to the stated vesting schedules; they are not an immediate open-market purchase. The reported exercise/conversion of derivative shares and the small open-market sale were largely administrative: the sale of 2,516 shares was used to meet tax-withholding obligations tied to RSU vesting, a common practice that does not necessarily indicate a change in the insider’s view of the company.