Fox Derek Scott 4
4 · Elmet Group Co. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Elmet Group (ELMT) President Derek Fox Receives RSU Award
What Happened Derek Fox, President of the CMC Division at Elmet Group (ELMT), was granted 50,584 restricted stock units (RSUs) on May 19, 2026. The award was recorded at $0.00 (no cash payment) — an equity grant rather than a purchase or sale. These RSUs convert to one share each upon vesting and are intended as compensation/retention.
Key Details
- Transaction date and type: May 19, 2026 — Award/Grant of 50,584 RSUs at $0.00.
- Vesting: 50,584 RSUs vest annually in four equal tranches (12,646 shares each) beginning April 23, 2027 (then 2028, 2029, 2030).
- Shares owned after transaction: Beneficial ownership reported as 834,648 total units, composed of 455,674 shares of Common Stock, 328,390 unvested restricted shares (vesting Oct 20, 2026), and the 50,584 newly granted unvested RSUs.
- Footnotes: F1 confirms these are RSUs (each converts to one share at vesting); F2/F3 detail the vesting schedule and current holdings breakdown.
- Filing: Form 4 filed May 22, 2026 (reporting the May 19, 2026 grant).
Context RSU grants are compensation tied to continued service and vesting schedules; they are not immediate purchases or sales and therefore do not directly signal a buy or sell sentiment. The award increases potential future ownership if Fox remains with the company through the vesting dates; investors should treat this as standard executive retention compensation rather than an immediate market-moving transaction.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-05-19+50,584→ 834,648 total
Footnotes (3)
- [F1]Comprised of restricted stock units ("RSU"), each of which represents the right to receive one share of Common Stock upon vesting.
- [F2]The 50,584 RSUs acquired by the Reporting Person vest, subject to the Reporting Person's continued service with The Elmet Group Co., as follows: 50,584 RSUs will vest annually in four equal tranches beginning on April 23, 2027.
- [F3]Comprised of 455,674 shares of Common Stock, 328,390 shares of unvested restricted stock which will vest on October 20, 2026, and 50,584 unvested RSUs. The unvested RSUs will vest as follows: 12,646 RSUs vest on April 23, 2027, 12,646 RSUs will vest on April 23, 2028, 12,646 RSUs will vest on April 23, 2029 and 12,646 RSUs will vest on April 23, 2030.