PEACOCK DAVID A 4
Research Summary
AI-generated summary
Advantage Solutions (ADV) CEO David Peacock Receives Equity Award
What Happened
David A. Peacock, Chief Executive Officer of Advantage Solutions Inc. (ADV), received equity awards on April 29, 2026: 56,000 restricted stock units (RSUs) and 24,000 performance restricted stock units (PSUs). Both awards were reported on Form 4 as acquisitions at $0.00 per share (standard for RSU/PSU grants) and therefore show $0 cash paid at grant.
Key Details
- Transaction date: 2026-04-29; Form 4 filed 2026-05-01 (appears timely under the 2-business-day rule).
- Awards: 56,000 RSUs (Footnote F1) and 24,000 PSUs (Footnote F2, reported as a derivative award).
- Price: $0.00 per share at grant (typical for equity awards).
- Vesting: RSUs vest in three equal annual installments (first, second and third anniversaries). PSUs vest on the third anniversary and are performance-based, potentially vesting from 0% to 200% of target based on Advantage Cash Earnings and Adjusted EBITDA Margin.
- Shares owned after transaction: not specified in the details provided.
Context
These transactions are awards/grants (not open-market purchases or sales). RSUs and PSUs are contingent rights to receive Class A common stock upon vesting—PSUs depend on future performance metrics. Such grants are typically used for executive compensation and retention; they do not represent an immediate cash transaction or sale.