BEKENSTEIN JOSHUA 4
Research Summary
AI-generated summary
Bright Horizons (BFAM) Director Joshua Bekenstein Receives 2,096-Unit Award
What Happened
- Joshua Bekenstein, a director of Bright Horizons Family Solutions Inc. (BFAM), was granted 2,096 restricted stock units (RSUs) on 2026-06-03. The Form 4 reports this as an "A" (award/grant) transaction; no per-share price or immediate cash value is reported because these are RSUs, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (filed two days after the transaction).
- Shares/units granted: 2,096 restricted stock units; reported acquisition amount = 2,096.
- Price: N/A (award/RSU — no cash purchase or sale reported).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: Each RSU is fully vested but represents the right to receive one share upon the earliest of (a) the 5th anniversary of the grant, (b) termination of service, or (c) a change in control of the company.
- Filing timeliness: Filed within the typical 2-business-day Form 4 window.
Context
- RSUs are deferred equity awards. Although the units are described as “fully vested,” they do not convert into actual shares (and therefore are not immediately sellable) until the specified settlement events occur. This is not an open-market purchase or sale and does not directly indicate immediate buying or selling intent.