SHANFELTER AUSTIN J 4

What Happened
Austin J. Shanfelter, a director of Cardinal Infrastructure Group Inc. (CDNL), received a grant of 1,941 restricted stock units (RSUs) on June 5, 2026. The RSUs were granted at $0.00 per share (standard for RSU awards) and will convert to shares only upon vesting. This is an award (code A) — not an open‑market purchase or sale — and is typical director compensation rather than a directional trading signal.

Key Details

• Transaction date: June 5, 2026; Form 4 filed June 9, 2026.
• Grant: 1,941 RSUs; acquisition price reported $0.00 (RSUs vest into shares upon satisfying vesting conditions).
• Shares owned after transaction: Corrected total reported as 9,588 beneficially owned (per footnote correction).
• Vesting terms (footnote): RSUs vest on the earlier of (1) the next annual meeting of stockholders (provided that meeting is at least 50 weeks after the prior annual meeting) or (2) the one‑year anniversary of the grant, only if the director continues to serve through that date.
• Administrative note: A prior Form 4 filed May 11, 2026, contained an incorrect post‑transaction beneficial ownership figure; this filing corrects that number to 9,588.

Context
RSU grants are a form of deferred compensation for directors; they do not represent immediate cash proceeds or open‑market purchasing. Because vesting depends on continued service, these awards primarily reflect compensation and retention practices rather than an insider's view on short‑term stock direction.