FRIEDMAN BILLINGS RAMSEY GROUP INC 4
4 · FRIEDMAN BILLINGS RAMSEY GROUP INC · Filed Aug 5, 2004
Insider Transaction Report
Form 4
GALLAGHER PETER A
Director
Transactions
- Award
Class A Common Stock
2004-08-03$16.28/sh+2,456$39,984→ 42,656 total
Footnotes (1)
- [F1]On August 3, 2004 the Board of Directors approved increasing the value of the annual equity award of restricted stock units (RSUs) pursuant to the Non-Employee Director Stock Compensation Plan (the Director Plan) from $50,000 to $80,000, resulting in this award of RSUs valued at $30,000 (1,842 RSUs). In addition, the Board of Directors on the same date approved compensation for Mr. Gallagher as Chairman of the Subcommittee on Charitable Giving of the Nominating and Governance Committee, at the same level as other Committee Chairmen (other than the Audit Committee Chairman), a portion of which compensation was paid in RSUs pursuant to the terms of the Director Plan.