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).