Haas Marius 4
Research Summary
AI-generated summary
Fermi (FRMI) Director Marius Haas Receives RSU Award
What Happened
- Marius Haas, a director of Fermi Inc. (FRMI), received an award of 175,094 restricted stock units (RSUs) on 2026-06-01. The Form 4 reports an acquisition price of $0.00 for the grant (standard for RSU awards).
Key Details
- Transaction date and price: Grant dated 2026-06-01; acquisition price $0.00.
- Vesting schedule (per filing footnote): 69,638 RSUs vest on Sept 30, 2026; 35,818 RSUs vest on May 29, 2027; and 69,638 RSUs vest on Sept 30, 2027, each subject to continued service.
- Plan: Award granted under Fermi’s 2025 Long-Term Incentive Plan.
- Shares owned after transaction: Not reported in this filing.
- Filing timeliness: Report filed 2026-06-03 for a 2026-06-01 transaction (filed within the typical 2-business-day Form 4 window).
Context
- RSUs are a form of equity compensation that convert to actual shares only when they vest; this grant does not represent an immediate cash purchase or sale. Such awards are common as retention and incentive compensation for executives and directors and should be viewed as compensation rather than an active market bet.