HEYER ANDREW R 4
4 · ARKO Petroleum Corp. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
ARKO (APC) Director Andrew Heyer Receives RSU Award
What Happened
Andrew R. Heyer, a director of ARKO Petroleum Corp. (APC), received an award of 7,559 restricted stock units (RSUs) on April 29, 2026. The Form 4 reports the grant at $0.00 (standard for RSU awards); each RSU entitles Heyer to one share of Class A common stock on a one-for-one basis. The RSUs are immediately vested but conversion to shares is deferred until the earlier of the reporting person's termination of service or a change in control.
Key Details
- Transaction date: 2026-04-29; reported on Form 4 filed 2026-05-01 (filed within the normal two-business-day window).
- Award: 7,559 RSUs; reported acquisition price $0.00 (grant).
- Each RSU converts to one share of Class A common stock on a one-for-one basis (per footnote F1).
- RSUs are immediately vested but shares will be issued upon the earlier of (i) termination of service (for any reason) or (ii) a change in control.
- Shares owned after the transaction are not disclosed in the excerpt provided.
Context
This was an equity award (not an open-market purchase or sale). RSU grants are compensation—common for directors—and do not represent an immediate cash outlay or an immediate increase in freely tradable shares until the conversion conditions are met. Such awards are routine and should be interpreted as compensation-related rather than a direct market-timing signal.
Insider Transaction Report
- Award
Class A common Stock, par value $0.0001 per share
[F1]2026-04-29+7,559→ 7,559 total
Footnotes (1)
- [F1]Grant of restricted stock units ("RSUs"), each providing for the right to receive one share of Class A common stock, $0.0001 par value per share ("common stock"), of ARKO Petroleum Corp. (the "Company") on a one-for-one basis. The RSUs are immediately vested and provide for the right to receive one share of common stock upon the earlier of (i) the date on which the reporting person's service with the Company is terminated (for whatever reason) and (ii) the date of a change in control of the Company.