Perry James Richard 4
4 · Fermi Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Fermi (FRMI) Director Perry James Richard Receives 175,094 RSU Award
What Happened Perry James Richard, a director of Fermi, was granted 175,094 restricted stock units (RSUs) on 2026-06-01 (transaction code A). The grant was reported at a $0.00 acquisition price (awarded, no cash paid). The grant is compensation, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-01; reported on Form 4 filed 2026-06-03 (appears timely).
- Award: 175,094 RSUs; reported acquisition price $0.00; total reported cash value $0.
- Vesting (per footnote F1): 69,638 RSUs vest 9/30/2026; 35,818 RSUs vest 5/29/2027; 69,638 RSUs vest 9/30/2027 — each tranche subject to continued service.
- Shares owned after transaction: not specified in the provided filing.
- Transaction code: A (award/grant). No tax-withholding or 10b5-1 plan noted.
Context This is a standard equity-compensation grant under Fermi’s 2025 Long-Term Incentive Plan intended to align the director with long-term performance and retention. RSU grants are not immediate buys or sells of stock; value is realized only as RSUs vest and convert to shares (and potentially after withholding). Such awards reflect company compensation policy rather than an immediate market sentiment indicator.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+175,094→ 16,691,444 total
Footnotes (1)
- [F1]Represents an award of restricted stock units ("RSUs") of the Issuer granted to Mr. Perry under the Issuer's 2025 Long-Term Incentive Plan that will generally vest as follows: (i) 69,638 RSUs on September 30, 2026, (ii) 35,818 RSUs on May 29, 2027, and (iii) 69,638 RSUs on September 30, 2027, in each case subject to Mr. Perry's continued service relationship with the Issuer through such date.