Mumma Steven R 4
4 · ADAMAS TRUST, INC. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Adamas Trust (ADAM) Director Steven R. Mumma Receives Award
What Happened
Steven R. Mumma, a director of Adamas Trust, received an award of 14,238 deferred stock units (DSUs) on 2026-06-19. The grant is reported at $0.00 per unit (derivative award) because it is a deferred equity award, not a cash purchase or sale. DSUs convert one-for-one to common shares when settled.
Key Details
- Transaction date: 2026-06-19; Report filed: 2026-06-23 (filing appears timely).
- Reported transaction type/code: A (award/grant); price reported: $0.00 (derivative DSUs).
- Shares/units granted: 14,238 DSUs (each convertible to one share of common stock upon settlement).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnote summary: DSUs vest the day before the issuer’s annual meeting in the calendar year after the grant, contingent on continuous service; pursuant to the reporting person’s election under the award agreement, settlement of vested DSUs is deferred until a Change in Control (per the 2017 Equity Incentive Plan).
Context
DSU grants are a common form of director compensation and do not represent an open‑market purchase (which some investors view as a bullish signal). Because settlement is deferred and conditioned on vesting and a Change in Control per the award terms, these units represent a future right to shares rather than immediate share ownership or cash proceeds.
Insider Transaction Report
- Award
Deferred Stock Units
[F1]2026-06-19+14,238→ 51,378 totalExercise: $0.00→ Common Stock, par value $0.01 per share (14,238 underlying)
Footnotes (1)
- [F1]Represents an award of deferred stock units ("DSUs") granted to the Reporting Person pursuant to the Adamas Trust, Inc. 2017 Equity Incentive Plan, as amended from time to time (the "Plan"), that may be settled only for shares of common stock on a one-for-one basis. The DSUs will vest on the day immediately preceding the date of the Issuer's annual meeting of stockholders that occurs in the calendar year immediately following the calendar year in which the date of grant occurs, so long as the Reporting Person continuously provides services to the Issuer through such vesting date. Pursuant to the Reporting Person's election under the award agreement, settlement of the vested DSUs has been deferred until the date of a Change in Control (as defined in the Plan).