Zavery Amit 4
Research Summary
AI-generated summary
Broadridge (BR) Director Amit Zavery Receives 177-Share Award
What Happened
Amit Zavery, a director of Broadridge Financial Solutions (BR), was granted 177 Deferred Stock Units (DCUs) on 2026-04-07. The units were reported at $0.00 per unit (no cash paid) and represent a like number of Broadridge common shares. The DCUs vest in full upon grant and will settle into actual shares when Zavery separates from service with the company. This was an award/grant (transaction code A), not a purchase or sale.
Key Details
- Transaction date: 2026-04-07; Form 4 filed 2026-04-08 (appears timely).
- Type/Code: Award/Grant (A) — 177 Deferred Stock Units at $0.00.
- Consideration: $0.00 reported (deferred compensation rather than cash purchase).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: The DCUs were granted under Broadridge’s 2018 Omnibus Award Plan in connection with deferral of director cash compensation; they vest immediately but settle into shares only upon the director’s separation from service.
Context
Deferred stock units are a form of compensation that convert into company shares later (here, on separation). Director awards like this are common as part of compensation programs and do not reflect an open-market purchase or sale. For investors, outright purchases by insiders tend to be a stronger signal of personal conviction than routine compensation awards.