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Fluent, Inc.·4

Jun 12, 4:20 PM ET

Patrick Donald Huntley 4

Research Summary

AI-generated summary

Updated

Fluent (FLNT) CEO Patrick Huntley Receives RSUs, Settles Phantom Units

What Happened

  • Patrick Donald Huntley, CEO of Fluent, Inc., received multiple equity awards and settled phantom stock units for cash. Key items: 111,000 restricted stock units (RSUs) were granted on Oct 9, 2025 and 107,000 RSUs were granted on Apr 3, 2026 (both grants show $0 price as typical for RSUs). On Apr 1, 2026, 37,000 phantom stock units (economic equivalents of shares) were settled for cash at $3.26 per unit, generating $120,620. Separately, 3,191 performance stock units from a 2022 award were issued and 1,353 of those shares were sold on Jun 10, 2025 at $1.81 per share to cover tax withholding (proceeds ~$2,454).

Key Details

  • Oct 9, 2025: Granted 111,000 RSUs (award price $0; vesting in 3 equal annual installments, first vesting Apr 1, 2026).
  • Apr 3, 2026: Granted 107,000 RSUs (award price $0; vesting in 3 equal annual installments, first vesting Apr 1, 2027).
  • Apr 1, 2026: 37,000 phantom stock units settled for cash at $3.26 each = $120,620 (footnote: phantom units are cash-settled equivalents of shares).
  • Jun 10, 2025: 3,191 PSUs issued from a 2022 award (performance results); 1,353 shares sold at $1.81 to cover tax withholding (proceeds ~$2,454).
  • Shares owned after these transactions: not specified in the filing.
  • Notable footnotes: F1 (PSUs from 2022 award, partial vesting), F2 (sale to cover taxes), F3–F7 (details on RSU and phantom unit grants and vesting/settlement mechanics).
  • These filings describe awards and routine tax-withholding sales; the phantom units were cash-settled rather than converted into stock.

Context

  • RSU and PSU grants are awards that vest over time and do not reflect an immediate cash purchase; they are compensation and typically subject to continued employment.
  • Phantom stock units are derivative-equivalents that pay cash based on share value at settlement; here 37,000 were cashed out on Apr 1, 2026.
  • The small open-market sale (1,353 shares) was for tax withholding, a common administrative action that does not necessarily signal CEO sentiment about the stock.