Cars.com (CARS) Director Scott E. Forbes Receives 25,478 RSU Award

What Happened Scott E. Forbes, a director of Cars.com Inc. (CARS), received an award of 25,478 restricted stock units (RSUs) on June 5, 2026. The Form 4 reports the acquisition at $0.00 per unit (no cash paid); each RSU represents a right to receive one share upon vesting. This was an equity award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-05; Form 4 filed 2026-06-09 (within the SEC’s 2-business-day window).
• Amount: 25,478 RSUs acquired at $0.00 per RSU (total reported cash consideration $0).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 = RSUs granted under the Cars.com Omnibus Incentive Compensation Plan and are subject to vesting; F2 = filing totals include RSUs.
• Transaction type: Award/Grant (Form 4 code A); no 10b5-1 plan or tax-withholding sale noted in this filing.

Context RSU grants are common compensation for directors and typically vest over time; they do not represent immediate sale or purchase activity. Because RSUs convert to shares only if and when they vest, the grant itself doesn’t directly indicate the insider’s market view.