Local Bounti (LOCL) Director Mark Nelson Receives 62,949-Share Award

What Happened

• Mark Joseph Nelson, a director of Local Bounti Corporation (LOCL), was granted 62,949 restricted stock units (RSUs) on 2026-06-10. The grant is reported as an award/acquisition (code A) with an acquisition price of $0 (common for RSU grants).

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (appears timely).
• Security/amount: 62,949 RSUs granted; reported acquisition price = $0; total reported value = $0.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: The RSUs vest on the earlier of (1) the day before the issuer’s next annual stockholders’ meeting or (2) June 10, 2027, subject to Nelson’s continued service.

Context

• RSUs are a form of equity compensation that convert into common shares upon vesting; this award reflects director compensation rather than an open-market purchase or sale. Such grants are routine for board members and do not by themselves indicate the director is buying or selling stock.