Saunders John Tazewell 4
4 · FORUM MARKETS Inc · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Forum Markets (FRMM) CFO John T. Saunders Receives Award
What Happened John T. Saunders, Chief Financial Officer of Forum Markets, was granted 358,592 shares on 2026-04-02 as an award (reported on Form 4 filed 2026-04-03). The transaction is recorded at $0.00 per share (no cash paid). The filing’s footnote describes part of the award as 163,636 performance-based RSUs (PSUs) and 109,091 time‑based RSUs (totaling 272,727 shares); the remaining 85,865 shares in the grant are not detailed in that footnote.
Key Details
- Transaction date: 2026-04-02; Form 4 filed: 2026-04-03 (timely filing).
- Shares granted: 358,592; reported acquisition price: $0.00; reported total value: $0.
- Footnote breakdown: 163,636 PSUs + 109,091 RSUs = 272,727 shares. Remainder: 85,865 shares not described in the footnote.
- Vesting terms (per footnote): PSUs are in three equal tranches and vest only if a specified stock-price performance target is met within five years and the officer remains employed through the applicable date. RSUs vest one‑third on each August 1 in 2026, 2027 and 2028, subject to continued employment.
- Shares owned after the transaction: not specified in the provided excerpt.
Context This was a grant/award (not a purchase or sale). Grants recorded at $0 are common for RSUs/PSUs and reflect future contingent rights to receive stock upon vesting rather than an immediate cash purchase. PSUs are performance-contingent (may never convert to shares if targets aren’t met); RSUs vest over time with continued employment. The filing appears timely (filed the business day after the grant).
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-02+358,592→ 358,592 total
Footnotes (1)
- [F1]Consists of (i) 163,636 shares of Common Stock underlying performance-based restricted stock units ("PSUs") and (ii) 109,091 shares of Common Stock underlying restricted stock units ("RSUs"). Each PSU and RSU represents a contingent right to receive one share of Common Stock. The PSUs consist of three equal tranches, each of which vests on the later of the date that (a) a specified Issuer stock price performance target is met within five years after the grant date and (b) a specified date, subject to the Reporting Person's continued employment through such later date. The RSUs will vest in one-third installments on August 1 of each of 2026, 2027 and 2028, subject to the Reporting Person's continued employment through each such date.