Perry James Richard 4
Research Summary
AI-generated summary
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.