Wimmer Richard Bennett 4
Research Summary
AI-generated summary
Cardinal Infrastructure (CDNL) Director Richard Wimmer Receives RSU Award
What Happened
Richard Wimmer, a director of Cardinal Infrastructure Group, was granted 2,023 restricted stock units (RSUs) on June 5, 2026. The Form 4 reports the acquisition price as $0.00 (grant), so no cash was paid; the award will convert to common shares if and when the RSUs vest.
Key Details
- Transaction date: 2026-06-05; filing date: 2026-06-09 (timely filed).
- Transaction type: Award/Grant (Code A) of 2,023 RSUs; grant price reported $0.00; total reported acquisition value $0.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnote: RSUs vest on the earlier of (1) the next annual stockholder meeting following the grant (provided that meeting is at least 50 weeks after the prior annual meeting) or (2) the one-year anniversary of the grant—provided Wimmer remains a director through the vesting date.
Context
RSU grants are a common form of director compensation and do not reflect an open-market purchase or sale. These awards only convert to shares upon vesting under the stated conditions, so they are not an immediate liquidity event.