Carroll Anthony 4
4 · FTC Solar, Inc. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
FTC Solar (FTCI) CEO Carroll Anthony Receives 600,000 RSU Award
What Happened Carroll Anthony, CEO of FTC Solar, was granted a total of 600,000 restricted stock units (RSUs) on May 4, 2026, reported on a Form 4 filed May 6, 2026. The filing shows two award entries at $0.00 per share: 400,000 time-based RSUs and 200,000 performance-based RSUs. These are awards (not open-market purchases or sales) and do not represent immediate cash purchases or sales.
Key Details
- Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (filed timely within the SEC two-business-day window).
- Grants: 400,000 time-based RSUs + 200,000 performance-based RSUs = 600,000 RSUs; reported acquisition price $0.00 (typical for RSU awards).
- Shares owned after transaction: Not disclosed in this filing.
- Plan/authority: Awards made under the Issuer's 2021 Stock Incentive Plan and an employment agreement.
- Footnotes:
- Time-based RSUs (400,000): 200,000 vest over three years (≈33.33% after 1 year, then monthly vesting for the remaining period) and 200,000 vest over four years (25% after 1 year, then monthly vesting thereafter).
- Performance RSUs (200,000): Vest in whole or in part only if FTCI stock reaches $10 and/or $20 during the three-year performance period and the recipient remains employed on the achievement date.
- No indication of tax withholding, 10b5-1 plan, or cashless exercise in this filing.
Context RSU grants are a common form of executive compensation and do not involve immediate market transactions; value is realized only as RSUs vest and are converted to shares (or settled in cash if applicable). Performance-based RSUs depend on stock-price milestones and continued employment, so their ultimate payout is contingent on future events. These awards should be viewed as part of Anthony’s compensation package rather than an independent buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-04+400,000→ 434,205 total - Award
Common Stock
[F2]2026-05-04+200,000→ 634,205 total
Footnotes (2)
- [F1]Reflects a grant of restricted stock units (RSUs) pursuant to an employment agreement and the Issuer's 2021 Stock Incentive Plan, and is subject to vesting as follows: (a) 200,000 of the RSUs (the "Three-Year Time-Based RSUs") vest over a three-year period, with 33.33% of the Three-Year Time-Based RSUs vesting on the one-year anniversary of the grant date, and 1/36 of such Three-Year Time-Based RSUs vesting at the end of each month for the next 24 months following the grant date; and (b) 200,000 of the RSUs (the "Four-Year Time-Based RSUs") vest over a four-year period, with 25% of such Four-Year Time-Based RSUs vesting on the one-year anniversary of the grant date, and 1/48 of such Four-Year Time-Based RSUs vesting at the end of each month for the next thirty-six months following the grant date.
- [F2]Reflects a grant of performance based RSUs pursuant to an employment agreement and the Issuer's 2021 Stock Incentive Plan, and is subject to vesting, in whole or in part as further described in the employment agreement, upon (i) the Issuer's publicly traded common stock achieving a $10 and/or $20 price during the three year period from the grant date and (ii) the recipient's continued employment with the Issuer on any such date of achievement.