Tengwall Kyle 4

What Happened

Kyle Tengwall, Vice President of Marketing at Smith & Wesson Brands, was awarded equity on May 1, 2026: 14,618 restricted stock units (RSUs) and 29,234 performance rights (derivative award). Both awards were granted with a $0 per-share acquisition price (no cash exchanged at grant).

Key Details

• Transaction date: 2026-05-01; Form 4 filed 2026-05-05 (timely — filed by the second business day after the grant).
• Awards: 14,618 RSUs (grant), 29,234 performance rights (derivative grant). Reported acquisition price: $0.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes:
  • RSUs vest 1/4 on each of the first four anniversaries of the grant; shares will be delivered net of tax withholding on each vesting date.
  • Each performance right is a contingent right to receive one share if specified stock-price performance targets are met over a three-year period; 29,234 is the maximum number of shares that may be delivered under that award.
• Transaction type: Award/Grant (code A) — a compensation grant, not a buy or sell.

Context

RSU and performance-right grants are common executive compensation tools. RSUs provide a time-based retention mechanism (vesting over four years), while performance rights depend on achieving stock-price targets over three years. These awards do not necessarily signal immediate insider buying or selling since no cash changed hands at grant and future delivery depends on vesting and performance conditions.