KERR DEREK J 4
Research Summary
AI-generated summary
StandardAero (SARO) Director Derek Kerr Converts 6,011 RSUs to Shares
What Happened
Derek J. Kerr, a director of StandardAero, had 6,011 restricted stock units (RSUs) convert into 6,011 shares on June 12, 2026. The Form 4 records an acquisition/conversion of 6,011 shares (derivative code M) and a simultaneous disposition of 6,011 shares at $0.00 per share. No cash proceeds are reported for the disposition.
Key Details
- Transaction date: 2026-06-12; Form 4 filed 2026-06-15 (appears timely).
- Acquired: 6,011 shares via exercise/conversion (derivative code M).
- Disposed: 6,011 shares at $0.00 per share (no cash proceeds reported).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — each RSU represents the right to one share; F2 — RSUs vest on the earlier of the day before the next annual meeting or one year after grant.
- Exhibit: 24.1 Power of Attorney attached.
Context
Derivative code M indicates conversion/exercise of a derivative (here, RSUs converting into common stock). The simultaneous acquisition and $0.00 disposition often reflects non-cash mechanics (e.g., vesting conversion and internal transfer or withholding), but the filing does not state the reason for the $0.00 disposition. This filing is informational and factual—no cash purchase or market sale proceeds are shown.
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