Brun Marco 4
Research Summary
AI-generated summary
AleAnna (ANNA) CEO Marco Brun Receives Award, Exercises Derivatives
What Happened
- Marco Brun, CEO of AleAnna, Inc. (ANNA), was reported to have received company stock through a performance-based award and to have converted/exercised derivative awards into common stock.
- On 2026-03-15 he was credited with 119,932 performance share units (PSUs) that vested as performance criteria were met; those PSUs convert to common stock on a one-for-one basis and are reported as acquired at $0.00.
- On 2026-04-13 the filing reports conversion/exercise of 98,646 derivative/restricted units into common stock (two line items for the same amount appear, one showing N/A price and one showing $0.00), with the RSUs noted as having vested and converting one-for-one. No cash purchase or open-market sale is reported.
Key Details
- Transactions reported: 119,932 PSUs vested (3/15/2026); 98,646 derivative/RSU conversions/exercises (4/13/2026).
- Reported price/exercise: $0.00 for the awarded/converted shares (one line shows N/A for price); total dollar value not stated on the filing.
- Footnotes: F1 confirms PSUs vested due to achievement of performance criteria; F2–F4 confirm PSUs and RSUs convert one-for-one to common stock and that all RSUs vested on 4/13/2026.
- Filing: Form 4 was filed 2026-04-15. The 3/15/2026 PSU acquisition was reported on 4/15/2026, which is beyond the usual two-business-day Form 4 reporting window and therefore appears late.
- Shares owned after the transactions: not provided in the information supplied.
Context
- These entries represent awards and conversions (internal corporate compensation events), not open-market purchases or sales. Such events are common for executive compensation and do not indicate an immediate market sale.
- For derivative/option entries: the filing indicates conversion/exercise into common stock rather than a cashless sale to cover costs; the reported exercise/ conversion shows no cash paid per the filing.