Fermi (FRMI) CEO Lee McIntire Receives 468,750 RSU Award

What Happened

• Lee A. McIntire, CEO of Fermi Inc. (FRMI), received an award of 468,750 restricted stock units (RSUs) on August 14, 2026. The Form 4 reports the acquisition at $0.00 per share (typical for RSU grants as recorded on Form 4). These RSUs generally vest on August 14, 2027, subject to continued employment.

Key Details

• Transaction date: 2026-08-14; Filing date (Form 4): 2026-08-18.
• Transaction type: Award/Grant (code A) — 468,750 RSUs; reported price $0.00.
• Vesting: Per footnote, RSUs generally vest on 2027-08-14, contingent on continued employment.
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: Filed four days after the transaction; Form 4s are normally due within two business days, so this filing may be late.

Context

• This was a time‑based equity award (RSUs) under Fermi’s 2025 Long-Term Incentive Plan, not an open‑market purchase or sale. RSU grants are common executive compensation and vest over time; they do not represent an immediate cash transaction or sale of shares.