Harsh Jeffrey Stephen 4
Research Summary
AI-generated summary
Advantage (ADV) COO Harsh Stephen Receives RSU & PSU Award
What Happened
Harsh Jeffrey Stephen, Chief Operating Officer, Branded Services of Advantage Solutions Inc. (ADV), was granted equity awards on April 29, 2026. The filing reports 12,923 restricted stock units (RSUs) and 5,538 performance restricted stock units (PSUs). Both awards were recorded at $0 per share (typical for RSU/PSU grants); no cash was paid.
Key Details
- Transaction date: 2026-04-29; Form 4 filed 2026-05-01 (timely filing).
- Awards: 12,923 RSUs (footnote F1) and 5,538 PSUs (reported as derivative, footnote F3). Transaction code: A = award/grant.
- Price: $0.00 per share (awards, not purchases). Reported dollar amount = $0.
- Vesting: RSUs vest in equal installments on each of the first, second and third anniversaries of the grant date (F1). PSUs vest on the third anniversary and may vest from 0% to 200% of target based on performance (Advantage Cash Earnings and Adjusted EBITDA Margin) (F3).
- Stock split: Reported share amounts reflect a 1-for-25 stock split effected March 26, 2026 (F2).
- Shares owned after transaction: Not specified in this Form 4.
Context
RSUs and PSUs are time- and performance-based equity awards that convert into shares only if vesting conditions are met; they are not immediate purchases or sales. RSU grants indicate deferred compensation; PSUs depend on future performance and can result in 0–200% of target shares at vesting. These types of grants are routine for executives and do not by themselves indicate a buy/sell sentiment.