ALTA EQUIPMENT GROUP INC.·4

Jun 1, 6:17 PM ET

Nair Sidhartha 4

Research Summary

AI-generated summary

Updated

Alta Equipment (ALTG) Director Nair Sidhartha Receives 14,903 RSU Award

What Happened

  • Nair Sidhartha, a director of Alta Equipment Group Inc. (ALTG), received a grant of 14,903 restricted stock units (RSUs) on May 29, 2026.
  • Each RSU represents the right to receive one share of common stock; no purchase price was reported (transaction code A — award/grant).
  • This is a standard director compensation award rather than an open‑market purchase or sale.

Key Details

  • Transaction date: May 29, 2026; Form 4 filed June 1, 2026 (typically within the two business‑day Form 4 deadline).
  • Shares/units granted: 14,903 RSUs; price: N/A (award).
  • Shares owned after transaction: not specified in the filing.
  • Footnote: RSUs are time‑based annual director grants. They vest 1/12th each month and fully vest on the date of the 2027 Annual Meeting of Stockholders, unless the reporting person elects to defer receipt until termination of service. (See footnote F1.)
  • Transaction code: A = Award/Grant.

Context

  • RSU grants are a form of compensation for directors and do not represent an open‑market purchase or sale; they do not by themselves indicate the insider’s view on near‑term stock performance.
  • For retail investors, director RSU grants are routine corporate governance/compensation actions and are useful to track for dilution and insider alignment but are not the same signal as insider purchases.