EagleRock Land (EROK) Director Nelson James Carl Receives RSU Award

What Happened Nelson James Carl, a director of EagleRock Land, LLC (EROK), was granted 7,534 Restricted Share Units (RSUs) on September 10, 2026. The Form 4 reports the RSUs as an award (code A) with a reported acquisition price of $0.00 (compensation grant). Each RSU is a contingent right to receive one Class A share upon settlement; the award vests in full on October 9, 2027, subject to continued board service and any deferred settlement elections.

Key Details

• Transaction date and type: 2026-09-10 — Grant of 7,534 RSUs (code A) at $0.00.
• Vesting/settlement: RSUs vest in full on October 9, 2027, contingent on continued Board service; settlement may be deferred per the Reporting Person’s elected schedule (see footnote F1).
• Shares reported via affiliates: Footnotes indicate the Reporting Person may be deemed beneficial owner of 50,000 Class A shares held by JMP Partners, Ltd. (F2) and 50,000 held by Longspar Capital, Inc. (F3); the filing disclaims beneficial ownership beyond any pecuniary interest.
• Filing timeliness: Reported on SEC accession 2026-09-14 for a 2026-09-10 transaction — filed within the typical two business-day window for insiders.

Context RSUs are a form of compensation, not an open-market purchase; they convert to shares only upon settlement (after vesting) and may be deferred, so this grant does not represent immediate cash outlay or share acquisition on the market. The footnotes explain the related-party holdings and the Reporting Person’s potential voting/investment control over shares held by affiliated entities.