Harrington Charles L. 4
Research Summary
AI-generated summary
JBT MAREL Director Charles L. Harrington Receives RSU Award
What Happened
- Charles L. Harrington, a director of JBT MAREL Corp (ticker: JBTM), received a grant of 1,964 restricted stock units (RSUs) on June 1, 2026. The reported acquisition price is $0.00, so no cash was exchanged at grant. This is an equity award (compensation), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely).
- Transaction type/code: Award/Grant (A).
- Amount: 1,964 RSUs; reported price: $0.00; reported cash value at grant: $0.
- Settlement/vesting: Per the filing footnote, these RSUs will settle one-for-one into common shares on June 1, 2027, subject to continued service through that date (Footnote F1).
- Shares owned after transaction: Not specified in the provided filing extract.
- Filing timeliness: Filed within the normal Form 4 window (not flagged as late).
Context
- RSUs are a form of deferred equity compensation: they represent a promise to deliver shares later (here, one year), typically subject to vesting/service conditions. Because no shares were purchased or sold today, the grant itself is not a direct market signal like an insider buy or sale. Taxes or withholding may apply when the RSUs vest and convert to shares.