Edmiston Sherman III 4
Research Summary
AI-generated summary
ARKO Director Edmiston Sherman III Receives 306 RSU Award
What Happened
- Edmiston Sherman III, a director of ARKO Corp. (ARKO), was granted 306 restricted stock units (RSUs) on July 1, 2026. The grant is reported as a derivative award with an acquisition price of $0.00 (no cash paid).
- The RSUs are immediately vested but convert into one share of ARKO common stock per RSU only upon the earlier of (i) the reporting person's termination of service or (ii) a change of control of the company. This filing reports the award; no common shares were issued at grant.
Key Details
- Transaction date: 2026-07-01; Form filed: 2026-07-02 (timely filing).
- Security: 306 RSUs (derivative award) at $0.00 per unit.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1—each RSU equals the right to one common share on a one-for-one basis. F2—RSUs are immediately vested but payable on termination of service or upon a change of control.
- Transaction code: A (award/grant). Not an open‑market purchase or sale.
Context
- This is a compensation award (RSUs) to a director, not a purchase or sale of existing shares; such awards are common for board compensation and do not necessarily signal a personal market view.
- Because the RSUs are vested but settled only on termination or change of control, Sherman does not receive tradable shares immediately.