Lego Catherine P 4
Research Summary
AI-generated summary
Infleqtion Director Catherine P. Lego Receives 22,619-Share Award
What Happened
- Catherine P. Lego, a director of Infleqtion, Inc. (INFQ), was granted a derivative award covering 22,619 shares on 2026-04-10. The filing shows an acquisition price of $0.00 (i.e., a grant rather than a purchase) and reports value as $0 on the Form 4.
Key Details
- Transaction date: April 10, 2026; Form 4 filed April 14, 2026 (filed within the SEC’s 2-business-day requirement).
- Award amount: 22,619 shares (derivative award); reported acquisition price $0.00.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: The awards vest in full on the earlier of (i) May 23, 2027 or (ii) the issuer’s next annual meeting of stockholders following April 10, 2026, subject to the reporting person’s continuous service and any acceleration provisions in the Non-Employee Director Compensation Policy.
- Plan/legal authority: Issued under the company’s 2026 Equity Incentive Plan and the Non‑Employee Director Compensation Policy (per footnote).
Context
- This is a compensation grant to a non-employee director (a routine form of equity-based pay), not an open‑market purchase or sale. The filing reports a derivative award (likely stock options or RSUs under the equity plan) that vests in the future; it does not indicate an immediate cash exercise or sale of shares. Such grants provide potential future ownership if vesting conditions are met and do not by themselves signal insider buying or selling.