CARREIRO PAUL 4
4 · Digimarc Corp · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Digimarc (DMRC) CEO Paul Carreiro Receives 1,060,000 LTIP Units
What Happened Paul Carreiro, CEO of Digimarc Corp (DMRC), was granted 1,060,000 LTIP units of Digimarc LLC on July 6, 2026. The grant was reported on a Form 4 (filed July 8, 2026) as an award (transaction code A) at $0.00 per unit — no cash changed hands. These LTIP units are derivative interests that can convert into common units of Digimarc LLC that are redeemable for an equal number of Digimarc common shares or, at the issuer’s election, cash equal to the fair market value of those shares.
Key Details
- Transaction date: July 6, 2026; Form 4 filed July 8, 2026 (no late filing indicated).
- Nature: Award of 1,060,000 LTIP units (derivative), reported at $0.00 per unit.
- Vesting: 307,400 units vest based on continued service in quarterly installments (19,213 each quarter beginning Sept 30, 2026, with a final installment of 19,205 on June 30, 2030). The remaining 752,600 units vest only upon achievement of specified stock price hurdles. Vesting may accelerate upon certain events (e.g., termination) per the footnote.
- Conversion/redeemability: LTIP units convert to Digimarc LLC common units, which are redeemable for the issuer’s common stock or, at the issuer’s election, cash equal to fair market value.
- Shares owned following the transaction: Not stated in the filing excerpt provided.
Context This was an inducement-style long-term incentive award to the CEO, not an open-market purchase or sale. Because the units vest over time and many depend on stock-price hurdles, their value to the holder depends on future performance and vesting events; they are commonly used for retention and performance alignment rather than an immediate market bet.
Insider Transaction Report
- Award
Inducement Award LTIP Units
[F1]2026-07-06+1,060,000→ 1,060,000 total→ Common Stock (1,060,000 underlying)
Footnotes (1)
- [F1]1,060,000 LTIP units of Digimarc LLC, of which issuer is the Managing Member and majority owner, were granted to Mr. Carreiro as an inducement award. LTIP units are convertible after certain appreciation and vesting into common units of Digimarc LLC which are redeemable under certain circumstances for an equal number of shares of the issuer's common stock or at the election of the issuer as Managing Member, cash equal to the fair market value of such shares. 307,400 of the LTIP units will vest in fifteen equal quarterly installments of 19,213 on each consecutive calendar quarter-end beginning on September 30, 2026, and one final quarterly installment of 19,205 on June 30, 2030, based on continued service through the vesting date. The remaining 752,600 LTIP units vest based on achievement of specified stock price hurdles. Acceleration of vesting can occur upon certain events such as termination of employment.