Zelman Ivy 4

What Happened
Zelman Ivy, a director of Cardinal Infrastructure Group Inc. (CDNL), was granted 3,101 restricted stock units (RSUs) on May 7, 2026. The award is reported at a grant price of $24.18 per share, implying a total value of $74,982. This transaction is an award/grant (Form 4 code A), not an open-market purchase or sale.

Key Details

• Transaction date and filing: Grant dated May 7, 2026; Form 4 filed May 11, 2026 (appears 4 days after the grant and may be late relative to the Form 4 two-business-day filing rule).
• Price and value: $24.18 per share; total value reported $74,982.
• Shares after transaction: Not specified in the provided filing excerpt.
• Footnote / vesting: RSUs vest subject to continued service: 775 RSUs vested immediately; 775 on June 30, 2026; 775 on September 30, 2026; and 776 on December 31, 2026.
• Transaction code: A = Award/Grant of equity (RSUs).

Context
RSUs are a form of compensation that vest over time; the immediate vesting of 775 RSUs means a portion became owned immediately, while the remainder vests in four tranches through year-end. Because this is a compensation grant to a director rather than an open-market purchase or sale, it does not on its own indicate buying or selling sentiment by the insider.