PFENNIGER RICHARD C JR 4
Research Summary
AI-generated summary
Fluent (FLNT) Director Richard Pfenniger Receives RSU Award
What Happened
Richard C. Pfenniger Jr., a director of Fluent, Inc. (FLNT), was granted 30,096 restricted stock units (RSUs) on June 17, 2026. The RSUs were reported as an award/acquisition at $0.00 per share (standard for grants) and have no immediate cash cost to the recipient. The award vests in three equal annual installments, with the first tranche vesting on June 17, 2027.
Key Details
- Transaction date: 2026-06-17; Filing date: 2026-06-18 (timely filing).
- Transaction type/code: Award/Grant (Form 4 code A).
- Shares granted: 30,096 RSUs; reported acquisition price: $0.00; reported value: $0 at grant on Form 4 (market value realized only upon vesting/sale).
- Vesting: Three equal annual installments; first vesting on June 17, 2027 (per footnote).
- Shares owned after transaction: Not specified in the filing.
- Notable footnote: Grants made under the Issuer’s 2022 Omnibus Equity Incentive Plan (see F1).
Context
RSU grants to directors are typically part of ongoing compensation and do not reflect an immediate market purchase or sale. RSUs convert to shares only as they vest and may be subject to forfeiture if the director leaves before vesting. Such awards are common and should be viewed as compensation rather than a direct buy/sell signal.