Mah Nicholas 4
4 · ADAMAS TRUST, INC. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
ADAMAS (ADAM) President Nicholas Mah Receives RSU Award
What Happened
Nicholas Mah, President of Adamas Trust, Inc. (ADAM), received a grant of 127,321 restricted stock units (RSUs) on January 22, 2026. The Form 4 reports the award at $0 per share because these are derivative RSUs (not an open-market purchase); the RSUs convert 1-for-1 into Adamas common shares upon vesting and include dividend equivalent rights.
Key Details
- Transaction date: 2026-01-22; Transaction type: A (award/grant) of 127,321 RSUs; price reported: $0.00 (derivative award).
- Vesting: 1/3 of the RSUs vest on each of Jan 1, 2027; Jan 1, 2028; and Jan 1, 2029 (per footnote).
- Dividend equivalents: RSUs were granted with a corresponding dividend equivalent right payable in cash or stock upon vesting.
- Shares owned after transaction: not specified in the information provided.
- Filing date: Form filed 2026-01-26 reporting the Jan 22 transaction. (No late-filing indicator was provided in the data supplied.)
Context
RSU grants are a common form of time-based compensation and are not the same as an open-market purchase (so they’re not a direct “vote of confidence” via buying stock). The reported $0 price reflects that these are contingent rights to future shares; the economic value to the holder depends on Adamas’s stock price when each tranche vests or when they convert to shares. Monitor future Form 4s around vesting dates for any subsequent sales or transfers.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-01-22+127,321→ 257,337 totalExercise: $0.00→ Common Stock, par value $0.01 per share (127,321 underlying)
Footnotes (1)
- [F1]Represents restricted stock units ("RSUs") issued pursuant to Adamas Trust, Inc.'s ("Adamas") 2017 Equity Incentive Plan (as amended) under Adamas's 2026 Long-Term Equity Plan, 1/3 of which will become fully vested and non-forfeitable on each of January 1, 2027, January 1, 2028 and January 1, 2029. Pursuant to a restricted stock unit award agreement (the "RSU Award Agreement"), the RSUs represent the right to receive shares of common stock of Adamas on a one-to-one basis upon vesting, subject to the terms and conditions of the RSU Award Agreement, and are granted in tandem with a corresponding dividend equivalent right that entitles, upon vesting, the Reporting Person to receive payments in cash or stock of Adamas equivalent to any dividends paid by Adamas on the shares of Adamas common stock underlying the RSUs.