1847 Holdings (LBRA) CFO Howard Vernice Receives 1.416M-Share Award

What Happened

• Howard Vernice, Chief Financial Officer of 1847 Holdings LLC (LBRA), was granted 1,416,788 derivative shares on August 17, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) at an acquisition price of $0.00. The filing classifies the securities as derivative (not a cash purchase); market value at grant is not reported on the Form 4.

Key Details

• Transaction date: 2026-08-17; filing date (Form 4): 2026-08-20
• Shares granted: 1,416,788; acquisition price reported: $0.00 (derivative award)
• Shares owned after the transaction: not specified in the provided filing summary
• Footnotes/plan specifics: none disclosed in the summary (the grant may be RSUs, restricted stock, or similar equity award)
• Timeliness: the Form 4 was filed three calendar days after the transaction date; Form 4s are typically due within two business days, so this filing was submitted after the transaction date (the filing itself does not include a tardiness flag in the provided data)

Context

• Awards like this are usually compensation-related (e.g., restricted stock units or similar) and do not necessarily reflect an insider buying stock on the open market. As a derivative award, these securities may vest or settle into common shares over time according to plan terms; the Form 4 does not detail vesting or settlement schedule.