Tewksbury Ted L III 4
Research Summary
AI-generated summary
MaxLinear (MXL) Director Ted Tewksbury Receives 1,963 RSUs
What Happened
Ted L. Tewksbury III, a director of MaxLinear, Inc. (MXL), was granted 1,963 restricted stock units (RSUs) on May 20, 2026. The award is reported as a derivative acquisition at $0.00 per unit (i.e., an equity compensation grant rather than an open-market purchase). Each RSU represents a contingent right to one share of MaxLinear common stock.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (reporting the May 20 grant).
- Instrument and amount: 1,963 RSUs granted; reported price $0.00 (compensation award).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote F1: Each RSU converts to one share upon settlement.
- Footnote F2: Vesting: 100% of the RSUs vest on the earlier of May 1, 2027 or the day before the next annual shareholders’ meeting, contingent on the reporting person continuing as a director.
- Transaction type: Award/Grant (derivative), not a market buy or sale.
Context
RSU grants are common director compensation and reflect a right to receive stock if vesting conditions are met; they do not represent an immediate purchase or sale. Because vesting is contingent on continued service and a future date, these units may convert to common shares later if conditions are satisfied.