Nario-Eng Kristine Rimando 4
Accession 0001273685-26-000017
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 5:11 PM ET
Size
6.4 KB
Accession
0001273685-26-000017
Research Summary
AI-generated summary of this filing
Adamas (ADAM) CFO Kristine Rimando Receives RSU Award
What Happened
Kristine Rimando, Chief Financial Officer of Adamas Trust, Inc. (ADAM), received an award of 61,989 restricted stock units (RSUs) on 2026-01-22. The RSUs were granted at $0.00 (no cash purchase) and are derivative awards that convert into one share of common stock per RSU upon vesting. This is an equity grant (award), not a purchase or sale.
Key Details
- Transaction date: 2026-01-22; reported on Form 4 filed 2026-01-26. Filing appears after the typical 2-business-day reporting window for Form 4s.
- Amount: 61,989 RSUs; grant price reported as $0.00 (derivative award).
- Vesting: 1/3 vests on each of January 1, 2027, January 1, 2028 and January 1, 2029 (per footnote).
- Dividend equivalent: RSUs include a corresponding dividend equivalent right, payable in cash or stock upon vesting.
- Shares owned after transaction: Not specified in the information provided in this summary.
- Transaction code: A = Award/Grant (derivative).
Context
RSUs are a form of long-term compensation that convert to actual shares only as they vest; they don’t represent immediately tradeable shares. Grants are common for employee retention and align compensation with company performance, but they are not the same as an open-market purchase (which some investors view as a stronger bullish signal).
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-01-22+61,989→ 122,543 totalExercise: $0.00→ Common Stock, par value $0.01 per share (61,989 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.
Signature
Documents
Issuer
ADAMAS TRUST, INC.
CIK 0001273685
Related Parties
1- filerCIK 0001608612
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 5:11 PM ET
- Size
- 6.4 KB