FRIEDMAN AVRAM Z 4
Research Summary
AI-generated summary
ARKO Petroleum (APC) Director Avram Z. Friedman Receives 1,029 RSUs
What Happened
- Avram Z. Friedman, a director of ARKO Petroleum Corp. (APC), was granted 1,029 restricted stock units (RSUs) on 2026-07-01. The Form 4 reports the acquisition as an award (code A) at $0.00 (total reported value $0).
- The RSUs are immediately vested. Each RSU entitles Friedman to one share of ARKO Class A common stock on a one-for-one basis upon the earlier of (i) termination of the reporting person’s service for any reason or (ii) a change in control of the Company.
Key Details
- Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (timely).
- Transaction type: Award/Grant of RSUs (Form 4 code A); reported acquisition price per RSU: $0.00.
- Shares owned after transaction: not provided in the excerpt of the filing.
- Footnote: RSUs are immediately vested but settle into common shares only upon termination of service or change in control (see footnote F1).
- No 10b5‑1 plan, cashless exercise, tax-withholding sale, or late filing flags noted in the provided data.
Context
- RSU grants are compensation awards, not open‑market purchases or sales. Although they represent future equity, settlement is contingent on specified events (here, termination or change in control).
- The $0.00 reporting reflects how the award is recorded on the Form 4; it does not indicate the economic value Friedman will realize when/if the RSUs convert to shares (that value will depend on ARKO’s share price at settlement).